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Getting into a car accident is stressful enough but even after repairs, your car’s value can take a hit. That’s where diminished value comes in. Simply put, this is the difference in your car’s market value before the accident versus after it's been repaired.
Even if it looks brand new again, a history of damage can scare off future buyers or lower trade-in offers. But here’s the good news: you may be entitled to compensation for that lost value.
Let’s break it down. Here are 10 actionable steps to recover the diminished value of your car after an accident.
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