Fix upon the expense of your vehicle before the damage. Employment method such as Kelley Unhappy Notebook, NADA and Edmunds.com. Make sure you true input your vehicle options and milage; they can carry a goodly bump on vehicle values. Bias the sample payment quoted between the sources. It is recommended to operate at least three sources for vehicle values. Appliance the Commerce amount whether you are looking to Commerce it in or sell it to a dealer. Employ the retail price provided you are looking to privately sell it.
Instructions
1. Bring your vehicle to three to five Car thing repair shops to receive an estimate on the damage. Include the vehicle towed in if it is inoperable. Make sure all of your quotes are based upon similar repairs. Using aftermarket or used replacement parts are your choice; but if you choose to use them, make sure all of the estimates are based upon them also. Take the estimates and determine the average between them.
2. Determine the value of your vehicle before the damage. Use resources such as Kelley Blue Book, NADA and Edmunds.com. Use the retail value if you are looking to privately sell it.3. Subtract the average cost of damage repair from the vehicle value. Make sure you correctly input your vehicle options and mileage; they can have a large impact on vehicle values. Determine the average value quoted between the sources. It is recommended to use at least three sources for vehicle values. Use the trade value if you are looking to trade it in or sell it to a dealer.
If the average vehicle value is $12,000 and the average damage repair cost is $2,000, the approximate diminished value of your wrecked car is $10,000.
