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Diminution (Loss In Value)

As a result of a motor accident you may not be able to sell your motor vehicle for the same price as you would have if it had not been damaged, particularly if it is a new or prestige vehicle.

The fact is that, if a prospective buyer of a vehicle is asked whether they would prefer to buy one that had not been involved in an accident they would always say yes and as a result dealers will always give less in part exchange for a vehicle which has been damaged in a vehicle notwithstanding it has been adequately repaired.

If you have an accident in a performance or cherished vehicle, the reduction in value of that vehicle varies between 4% and 14% of its pre-accident value, notwithstanding it is repaired by a manufacturer approved repairer.

The Specter Partnership Solicitors are recognised as a leading law firm in the country in connection with claims for diminution, using specialist engineers within the industry who can accurately assess the value of your claim to ensure maximum compensation.

What to do next

For a free initial assessment of your claim simply call Freephone 0800 019 3460, or alternatively you can contact us by one of the following methods:

Please note the service is confidential and non-obligatory.



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