The dealer not only has one recent trade-in you are interested in, but
two identical cars! Suppose you have saved some money and decided on what vehicle you want to buy.
The dealer not only has one recent trade-in you are interested in, but
two identical cars!
Both cars are the same model, make, year and have identical mileage with the original owners trading them in.
You notice that there is one big difference, one is priced $3,000.00 more than the other.
On questioning the dealer you discover that the first car had been in an accident in which it received over $8000.00 in repairs.
It is now your decision on which vehicle to buy. Both are in apparent good condition and priced fairly taking into account the Diminished Value of the first car. The important factor is that you are entitled to the facts and history related to both vehicles.
There are other potential factors which affect Diminished Value and ways to minimize them. For more information, please contact us.