Diminished Value Frequently Asked Questions

What is D.V.?

D.V. or diminished value is the anticipated loss of value after a vehicle has sustained damage.

What determines D.V.?

Their are several factors that determine if a vehicle has diminished value. These factors may include, but are not limited to, 
the following:

• Model year

• Date of loss

• Date of loss mileage

• Has the function of the vehicle been restored?

• Are repairs complete and within industry standard?

• Has the market (retail) value been effected? (Actual cash value - prior and after)

• Amount of damage/repairs.

Does every vehicle have diminished value?

No! Not every vehicle has diminished value. Each vehicle's characteristics and statistical data concerning the loss will assist in determining any anticipated loss of value.

Who can hire Stated Value's  services?

We assist individuals, government agencies (IRS, DOT), banks, attorneys, major and independent insurance companies, etc.

How does Stated Value determine diminished value?

Since there is no standard set of rules and/or guidelines for determining diminished value.  This company designed a methodical 
process using a vehicle's characteristics and statistical data in an effort to eliminate arbitrary, capricious, or inconsistent determinations in its documents.

How much does a diminished value appraisal cost?

Fees are determined by the location of the vehicle and/or the due diligence needed to complete the document.

What is the turnaround time of a document?

7-10 Business Days

How long is your document?

15 - 20 pages (or more).

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Questions? Call us at 817-439-3300