Does 'accident' on my Porsche's Carfax affect its value?
If your Porsche has an accident listed on its Carfax, it has almost certainly incurred some Diminished Value, and is worth less than an identical model in similar condition and mileage. If you were not at fault in the accident, you have up to 4 years in the State of Florida to make a Diminished Value claim against the insurance company of the at-fault driver. Diminished Value is "the reduction in value of a previously damaged vehicle as a result of the damage, despite the damage being repaired."
For more information on Diminished Value, call/text 786-853-0711
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An appraisal for that white cargo van may be needed in various situations such as determining its value for divorce, bankruptcy, probate, diminshed value, total loss, insurance purposes, before selling or buying it, for financing, or for taxation purposes.
If your Porsche has an accident listed on its Carfax, it has almost certainly incurred some Diminished Value, and is worth less than an identical model in similar condition and mileage.
As a result of the negligence of another driver, this Chevy Silverado had over $19k in repairs and suffered Diminished Value of $6,610. If you have been in an accident through the fault of another, in addition to their insurance paying for the repair to your vehicle, you can also claim Diminished Value. But as the auto insurance industry's #1 best kept secret, they won't tell you!
If your Porsche has been in an accident, whether it has been declared a total loss, or is repairable, by having a Prior-to-total loss Fair Market Value, or a Diminished Value appraisal, you will almost certainly have a higher cash settlement than the insurance company is initially willing to pay. Applies to all vehicles, not just Porsches!
We recently appraised this very nice1986 Porsche 944 Turbo Race Car, and now it is for sale on BringATrailer. https://bringatrailer.com/listing/1986-porsche-944-turbo-174 We wish the seller the best of luck, and sincerely hope the BAT market will exceed our valuation. In fairness to all, we are not divulging our number, but bid high and bid often! Good luck to all!
Can you make a Diminished Value claim on an older collector car? As attorneys are known to say "it depends!" Generally, when a car is fully depreciated, the likelihood of a Diminished Value Claim is slim. Collectors cars may be fully depreciated, and then their value starts to rise. Think 1970's air-cooled Porsches! Is this 1960 Jaguar XK150S DHC a candidate?
Thinking of buying a previously owned Porsche in South Florida? Miami, Fort Lauderdale or Palm Beach? Protect your investment! Get it inspected, and its accurate current Fair Market Value determined in our 25+ page/40+ photograph report. Call/text 786-853-0711 for details
https://www.insidehook.com/daily_brief/vehicles/porsche-taycan-super-bowl-commercial
Protect your investment! Get it inspected and appraised! https://jalopnik.com/this-used-porsche-nightmare-is-why-you-always-get-an-in-1825771000
The owner of this 2008 Porsche Turbo exercised his 'Appraisal Clause' right to have an independent appraisal of his 'Total Loss' vehicle. The ins. co. had it tightly wrapped to make the inspection difficult, but we prevailed! Vehicle totaled or damaged and now with 'Diminished Value?' Don't leave $$$$ on the table! Get it appraised!