Your repaired car might look and run like new, but it’s worth a lot less

Posted on January 4, 2010 by digitalmalay

As many policyholders know, when the other party’s insurer is paying for repairs after an accident, you have the right to opt for original manufacturer parts instead of generic aftermarket ones. But even with the best parts and service in the world, a fully-repaired vehicle will often be worth less as a used car or trade-in than an identical car without the accident history.

Luckily, it’s not a total loss—even if you can’t collect diminished value, you can probably write it off on your tax ret urn. (Consult your tax adviser.) That’s why it’s a good idea to hire a post repair inspector, both to ensure that the work was done properly and to assess diminished value.

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6 Responses to Your repaired car might look and run like new, but it’s worth a lot less

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