Diminution

Diminution is the loss in value of a motor vehicle after it has been involved in a road traffic accident.

This loss is down the fact that a vehicle inherits an accident history and applies even where repairs have been carried out to a high standard.

Example

Two identical vehicles are offered for sale. One has been previously damaged in a motor accident and then repaired. The other has not.

A purchaser would not pay the same price for an accident damaged vehicle and would expect a price reduction before being induced in to purchasing the accident damaged vehicle.

It is this reduction in price that we will claim back.