Your car starts to depreciate once you drive it off the dealership and will continue to lose its value over the years. However, the value significantly drops after an accident, even if you get the ...

Diminished value is the difference between your car’s value before an accident and after, even if it’s repaired. Filing for a diminished claim may help you earn back some of your car’s lost market ...

A brand-new car has a high market value at the time of purchase. It may lose value once you drive it off the showroom. Your car's value may decrease as it ages and has more miles driven on it. Even if ...