Is Your Subaru Impreza 2002 a Diminished Car?
Diminished value of a car is the loss of value that you have to bear if you have faced an accident, flood, hurricane or any other exogenous shock that left your car totaled and under the salvaged title. If you have got such a Subaru Impreza Sedan Car you must calculate the real diminish value rather than trusting your insurance company any assuming that the car is worth just crap. You can still get a good price from your insurance company; you can claim what its market worth is and still be able to buy another well-maintained used Japanese car.
There are few very easier ways to calculate the diminish value for your Subaru Impreza 2002 (http://www.sbtjapan.com/ks-subaru-impreza-2002), you can go for online services like Kelly Blue Book, or CarFax to find out the current market value of your car before any accident. You can enter make, model, color, condition of the car, mileage and other details which will reveal the worth of Subaru Impreza 2002.
Simple Formula to Calculate Subaru Impreza 2002 Diminished Value:
Once you know the current market value of the car apply simple formula:
The current market value of Subaru Impreza 2002 – The post accident market value = the diminished value of Subaru Impreza 2002
There is No Accurate Formula to Calculate Diminish Value of Subaru Impreza 2002:
This formula is not accurate of course but still it can give you a rough estimate which you can place in front of your insurance company if they are paying far less than your calculated value. you can show them evidence by sharing the4 current market value of the car and try to convince them to pay you at least something near that amount.
If the insurance company is not convinced you can try other way, you can contact your nearby mechanic to diagnose your car after accident and calculate the total repair cost, in most cases the totaled and salvaged cars are fully repaired and they look just like the car of same model and make before accident but actually the engine, interior, exterior or overall running is affected which can be experienced by driving a before accident and post accident Subaru Impreza 2002.