Inherent Diminished Value assumes optimal repair quality has been achieved and is defined as the amount by which the resale value of a repaired vehicle has been reduced simply because the subject vehicle now has a significant damage history. “Inherent Diminished Value” is the most widely recognized and accepted form of Diminished Value. It is also the basis upon which any supplemental form of Diminished Value would be added. A common “Supplemental” form of Diminished Value is “Repair Related Diminished Value” ...
Purchasing a used vehicle is risky without having it inspected first by a professional. No one wants to buy a lemon, and someone is always trying to sell one and we see plenty of them. Having a Pre-Purchase Inspection ( PPI ) is a powerful negotiating tool. The more knowledge you have about a vehicle, the better deal you can make. When an excited buyer gets emotionally wrapped up in the potential "new" vehicle, they often overlook not only the minor issues, but major ones as well. Or they just don't have the expertise to know what to look for, like prior substandard repairs, flood or frame damage. Though a clean Car Fax report/other history report is a good tool, it does not substitute for an actual physical inspection. It cannot detect signs of neglect, misuse or abuse, nor tell you of any electrical or internal engine problems, or if the transmission is about to go out. Just as you protect any major investment, make sure that you don't buy someone else's problem
Wheels and Tires