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Old 07-10-2013, 09:25 PM   #2825
zebra
just can't seem to leave
 
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Drives: your mom wild!!
Join Date: Oct 2008
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Posts: 11,590
i don't think he's talking about depreciation - from what i understand, diminished value is paying him for the money he loses by having to report the car as having been in a wreck.

for example: let's say his car (being the very first fully CGM Camaro ever produced & the second THR package installed) could've pulled $40,000 if he sold it last month because it was in "near perfect" condition. now, after this damage gets fixed, it will look the same, however, he might only be able to get $35,000 because it has an accident on record.
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