Car accidents that are not your fault bring with them a host of problems. In addition to personal injury, a car accident may mean a massive loss of value for your vehicle. Regardless of if you get your car expertly repaired by either your insurance company or the at-fault driver’s insurance company, your vehicle will naturally have an inherent loss of value because it was involved in an accident and repaired. A car is like any other investment and when you trade or resell it, the fact that it was at one time repaired after an accident is going to mean diminished value for you. But you could do something about it!

How Minor Accidents Can Diminish Your Car’s Value

In fact, even minor accidents significantly lower a vehicle’s value due to laws requiring disclosure of accidents, as well as the popularity of services like Carfax.

Think about it. If you go to trade or sell your car after it has been repaired, your vehicle will have a significant accident history for which you will be penalized at the time of sale or trade-in with respect to the vehicle’s reduced value.

Even if you decide to keep your car, truck, or SUV, your vehicle – as an asset – is worth less because of no fault of your own. This is true of all makes and models of cars, but especially true if you own a car that is considered luxury or exotic. You will have significant losses in your vehicle’s value no matter how good the quality of the repairs.

Who We Serve

Our diminished vehicle value attorneys serve drivers in the state of New Jersey. Through extensive experience, our skilled diminished vehicle value attorneys handle claims and a variety of matters including depreciation compensation, diminished value, and loss of use lawsuits for the following brands:

• Ferrari
•  Lamborghini
•  Aston Martin
•  Audi
•  Mercedes
•  BMW
•  Maserati
•  Bently
•  Rolls Royce
•  Porsche
•  Land Rover
•  Bugatti

Abdou Law Offices recovers the amount of your vehicle’s diminished value and loss of use immediately after your car is repaired. That way, you are not only getting your vehicle repaired, but you were also “repairing” the vehicle’s value.

We invite you to call us now to assess your vehicle’s diminished value and a potential claim on your behalf.