When buyers of new but previously repaired Bentleys become aware of a repair history showing that the car underwent prior repairs, most of them simply walk away. How is a buyer to know whether the car was repaired properly? The buying public could depend on a new dealer’s word on everything but, in reality, they don’t. They will seek a lower purchase price for the car. As a Bentley dealer, are you entitled to recover this lost value? The answer is yes as long as the damages were as a result of someone else’s negligence.
Parking lot mishaps, careless car transporters and loaner accidents all can result in repairs to your new car inventory. The St. Lucie Appraisal Company prepares expert new car diminished value appraisals. We invite you to become our next satisfied client.
We determine a vehicles diminished value by obtaining the opinions of six sales managers at recognized Bentley dealerships. There is sometimes a wide range of difference in the fair market values from the six Bentley managers. It is noteworthy that we, as appraisers do not “cherry-pick” only the highest values favorable to the case. The inclusion of all values and averaging them together makes for a very resilient market value for the vehicle that does not depend on a single estimate or a single opinion and results in a very accurate and defendable Diminished Value for the vehicle.
Our methodology for preparing automobile diminished value appraisals does not rely on formulas, algorithms, online ad comparisons or other short cuts to determine the amount of value lost after collision repairs. Each situation is unique and the only way to provide tailor-made reports is to query the people who actually do the buying and selling of these bad Carfax vehicles – Bentley and other exotic car dealers. It is important that the dealers who participate in our surveys are made aware that the subject vehicles are not for sale or available for trade. This prevents insurance companies from alleging collusion or vested interest. This approach has made our company the best at what we do – Diminished Value and Loss of Use appraisals. Magistrates and mediators alike have recognized the validity of our reports because they are comprehensive and they aren’t complicated. Insurance Company defense attorneys can instantly recognize which independent appraisals will stand up in court and advise their adjusters accordingly – a necessity when it comes to receiving fair settlements.
BENTLEY DIMINISHED VALUE AFTER COLLISION REPAIRS
Regarding Loss of Use claims, it costs $400.00 per day to rent a Bentley on a daily basis and around $300 per day on a monthly basis. Still, insurance industry policy is to offer lower-priced replacement vehicles to Bentley owners. It is common knowledge that a wrecked high-end Bentley can take up to 60 days to repair. A typical Loss of Use appraisal for a Bentley owner whose car is laid up for two months is in excess of $24,000.00. Of special note: It is not necessary to actually rent a car in order to receive compensation for Loss of Use.
Please read our informative Q & A site about Automobile Diminished Value. You are welcome to take a look at what our customers have to say about our services. We are happy to answer any questions that you may have. Diminished value is a fairly new concept that most people don’t know about so feel free to call.
Service throughout Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi , Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming
READ MORE ARTICLES…