Is There a Magic Diminished Value Formula?
A Diminished value formula that can accurately calculate Diminished Value? For starters you need to know the vehicle, the local market and not only the amount of damage, but also the type of damage. There is no magic Diminished Value Formula. Though, all insurance companies wish there was one. The Insurance Indusdrty tried with Georgia Formula 17C, which fails miserably at accurately computing diminished value. Especially on high end vehicles. There are some things a computer can’t do better than a human (until now).
Our Diminished Value Formula
That’s MAIN reason we developed freediminishedvaluecalculator.com. Our appraisers wanted a way to help people to achieve a more accurate diminished value calculation at a low cost. Our software was designed and developed by ex-insurance adjusters and vehicle appraisers to provide a low cost alternative to traditional appraisal methods. Our Diminution Calculation Software (DCS) is a sophisticated algorithm and methodology that takes into account, frame damage, airbag deployment, and real world market forces that determine the value of your vehicle. Use our instant diminished value calculator and you’ll understand right away.
