Calculate Car Value After Accident

If you and the insurer cant agree on the method to come up with the retail market value the insurer must follow. I suggest to follow the steps on the information above that says How to.


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What the insurer owes you for your totaled car.

. If you input the value into the 3 years box the car depreciation. The age and mileage of your car is one factor that affects its resale value but if your cars been in an accident it can negatively affect its value even if your cars been repaired and shows no signs of damage. If youve been in an auto accident and your car is totaled also called total loss it means your car isnt repairable or it costs more to repair than what its worth.

The second method is estimating the initial value of the car. The insurer owes you the actual cash value of your totaled car. If you want to calculate the value after a different amount of time has elapsed for example after half a year or seven years you can also input a custom car age.

Lets assume you were looking to buy a three-year-old car for 12000. The most widely accepted method for calculating diminished value is the 17c formula.


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