What is the lost resale value of your vehicle after an auto accident? Is it worth $2,000.00?




If you have ever traded in or sold your vehicle, then you most likely are well aware that if your vehicle has been in an auto accident you will get less then you would if your vehicle had never been in an auto accident. This is known as a diminished value claim. I have filed lawsuits to solely pursue diminished value claims. The diminished value is the lost resale value of your vehicle after the repair shop has already repaired your vehicle.
            If you are ever in an auto accident, it is most likely public record. If your vehicle if fixed by a repair shop after an accident it goes on things like your vehicles car fax report. Anyone that may purchase your vehicle after it has been in an auto accident will be able to determine that it was in an accident. Ultimately, your vehicle loses a significant percentage of its resale value. Just recently on a Hyundai suv, I got a young lady $2,000.00 in lost resale value for her vehicle. A few months ago I got another young lady that was not injured in her auto accident, $1,500.00 for the lost resale value of a little Audi convertible. The diminished settlement value for your vehicle is typically determined by several factors including the amount of damage and the value of the vehicle. On several of these claims, I have found myself educating the Insurance Company and their Lawyers that they are obligated to cover this sort of claim.
            If you think you may have a diminished value claim I would highly suggest you contact me for your free consultation. I am an experienced attorney that has litigated, negotiated and settled several diminished value claims. The statute of limitations in Florida for a diminished value claim is four (4) years from the date of loss. Therefore, if you were in even a minor fender bender sometime in the last Four (4) years I would highly suggest you call me for your free consultation. To obtain the diminished value of your vehicle, you must own the vehicle. It can be financed, however it cannot be a leased vehicle because there is no ownership or resale interest that you retain in the vehicle.
Please note that none of the foregoing is legal advice and if you have a legal matter you should most likely contact an attorney, even if you decide not to call me you should probably still get in contact with some lawyer. The Law Offices of Christopher G. White, P.A. is a Global Law Firm available for free consultations via Facetime, Skype, Zoom or phone number (434) 660-9701. Please also check out my website at chriswhitelawyer.com. Thank you for reading, please also note my other practice areas, like Car Accident Lawyer. At my Law Firm we focus on the best result for the client and what the best interest of the client is. To stay connected I have Youtube Channel, Instagram, Facebook, Twitter, LinkedIn, Tumblr, Blogger, Reddit, Yelp, Flickr, Avvo and Justia. Thank you for your time and consideration.
The Law Offices of Christopher G. White, P.A.
9424 Baymeadows Rd. Ste. 250
Jacksonville, FL 32256
Ph: (434) 660-9701
chriswhitelawyer@gmail.com
Chriswhitelawyer.com

Comments

Post a Comment

Popular posts from this blog

What is The Drivers Exchange of Information?

Image
 If you are ever in the unfortunate circumstances of needing a car accident lawyer, you will most likely have received a Drivers Exchange of Information. When a person gets into a car accident most of the time the local authorities will respond to the scene. They arrive at the scene assess the situation and issue a drivers exchange of information. Why The Drivers Exchange of Information is Important. When the local authorities arrive on the scene they usually speak to each driver, passengers and any witnesses. The officer will typically collect information about every one they talk to and what the officers findings were. The officer will then put this information in a police report. Generally, the police report is not available immediately and cannot be obtained for a few days or even weeks after the accident. This is precisely why the drivers exchange of information is important. Because the drivers exchange of information is usually distributed to each driver at the scene of the acci
Read more

What Happens To My Vehicle After A Car Accident?

Image
  A common issue after a car accident is dealing with a damaged vehicle. As a general matter, when a client calls me and has a car accident claim, I first see if I can help them obtain medical treatment. Secondly, I get their vehicle addressed as quickly as possible. Because I understand that a car, at least in most parts of the Country, is an integral part of our lives. What happens to your vehicle after a car accident is dependent on the level of damage to the vehicle. Whether or not the vehicle was declared a total loss is an important determination. In any event, I also move the process along to get clients in rental vehicles after an accident quickly. What If My Car Is Repairable After A Car Accident? After an accident, the repair shop will determine if your vehicle is repairable. If your vehicle is repairable then your car will most likely be fixed and returned to you. Sometimes, it is best to go through your own insurance to get the repairs done quickly. After the repairs are do
Read more

Tractor Trailer Truck Accident

Image
A Distribution Center is generally a central location that Semi-Trucks go to load and unload their Tractor Trailers. The case I worked on was where a tractor trailer truck driver was hit by another tractor trailer truck. If you have been in a Truck Accident, I would highly advise you contact a dedicate Truck Accident Lawyer .             The Distribution Center was a food distribution center for multiple major grocery stores in the area. The injured driver had just pulled out of the loading area for the facility. Typically, the truck drivers were supposed to drive out of the Distribution Centers loading area with the tractor trailer doors open so that the security guard at the exit could look in and check the trailer. Then, the truck driver was supposed to stop and go close the doors to the rear of the tractor trailer.             When the truck driver leaving the facility closed his tractor trailer doors he proceeded around the rear of the trailer to get back in t
Read more