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Posted By: Colin Smith
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Vehicle Diminution

 

OUR GUIDE TO SUCCESS
WITH VEHICLE DIMINUTION…

Brought to you by Rob Crompton – Diminution Expert and Head of Road Traffic Accidents at ML Solicitors

WHAT IS DIMINUTION & WHY SHOULD YOU CARE?

Diminution is the loss in market value that a vehicle sustains after it has been involved in an accident and then repaired. The hard truth is that even if a vehicle has been repaired correctly by an approved repairer, a prospective buyer will pay much less for it due to its accident and repair history.

This means the unaware owner of a vehicle will be out of pocket. Far too often, this loss will be overlooked and only realised when it comes to trade the vehicle or sell it on.

We can help you to identify the potential loss of value in your car and then we will put you in touch with Michael Lewin Solicitors, the experts in Diminution and Road Traffic Accidents. If it meets the criteria, then they will pursue the claim on a ‘no win, no fee’ basis so you, the vehicle owner, have nothing to lose but potentially much to gain.

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FAQ’S REGARDING DIMINUTION

What vehicles are applicable for a diminution claim?
New, high value, classic, rare and prestige vehicles are more likely to be accepted. The vehicle would usually have to be under 5 years and have had damage sustained worth over £3000.
What else will be taken in to account when assessing the Diminution claim?
• The Make / Model of the Vehicle • Vehicle Mileage and Age
• Service History • Type of Damage
• Desirability for Future Sale • Damage to Chassis or Bodywork
What will indicate how much my claim could be worth?
A claim will be based on the loss of value (diminution in value), not the cost of repairs. It will be the role of a specialist motor engineer, instructed by us to assess the true value of the loss sustained.

Email RTA@michaellewin.co.uk or call 0113 200 9787 to speak to the Diminution Experts at Michael Lewin Solicitors, or contact Colin Smith at UK Prestige Car Brokers on 01422 230689. ________________________________________

MICHAEL LEWIN: EXPERTS IN DIMINUTION & RTA

 

Michael Lewin Solicitors have almost 20 years’ worth of experience dealing with Road Traffic Accident Claims. Our staff emanate a desire and energy that is unparalleled and have a wholehearted willingness to try new things and innovate. We are able to deal with all elements of a Road Traffic Accident claim.

Whether this is a personal injury claim or a claim for vehicle damage, we are committed to restoring balance for our clients, making sure that they are put back in to the position they were prior to the accident.

At Michael Lewin Solicitors, we are dedicated to achieving the best possible outcome, as swiftly as possible.

CALL 0113 200 9787 TO SPEAK TO ONE OF OUR EXPERTS
OR EMAIL: RTA@MICHAELLEWIN.CO.UK

 

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