2023 Mazda CX-50 Diminished Value Case Study

Was your Mazda CX-50 in an accident? Even if it was fixed up perfectly, chances are its value has gone down. This drop in value is known as diminished value, and it’s something insurance companies often don’t mention.

Even when they do, 80% of the time, it’s a lowball offer due to an inaccurate valuation or because insurers know that policyholders are often unaware of their rights, allowing them to profit from this lack of knowledge.

Using our proven method, we can help you figure out exactly how much value your Mazda CX-50 has lost. Understanding this is key to making sure you get the right compensation for your car.

Was Your 2023 Mazda CX-50 in an Accident?

Using a detailed analysis and our patent pending methodology, we can determine the diminished value of your Mazda CX-50. Here’s a breakdown of the essential figures:

Diminished Value Calculator
Before Accident Cash Value	$33,900
After Accident Cash Value	$27,120
Diminished Value	$6,780

These numbers are not just pulled out of thin air. They’re derived from a combination of comparable market data, the quality of repairs, and the vehicle’s condition before the accident. This calculated approach ensures a realistic representation of your car’s loss in value, unlike the 17c Formula method used by most insurance companies.

What Is Diminished Value?

Diminished value is essentially the difference in your car’s market value before and after an accident. Even if your Mazda CX-50 is repaired to the highest standards, the fact that it was in an accident will lower its resale value. Buyers and dealers typically view a vehicle with an accident history as less desirable, which translates into a lower offer.

→ Read: How to File a Diminished Value Claim After a Car Accident?

Click here to check our frequently asked questions for more Diminished Value content: Diminished Value Information Center

Factors That Impact Diminished Value

Several factors contribute to determining the diminished value of your Mazda:

• The severity of the damage: Significant structural or cosmetic damage will have a greater impact on your car’s value.
• The quality of repairs: While high-quality repairs help, any evidence of damage reduces value.
• Vehicle age and mileage: Newer, low-mileage vehicles like the Mazda CX-50 are more likely to suffer higher diminished values.

Why Do You Need an Appraiser?

Bringing an appraiser on board can make a world of difference for your diminished value claim. Here’s why:

• Expertise: These pros have the expertise to accurately assess the diminished value of your car, maximizing your claim.
• Credibility: Their detailed reports bolster your claim, making it tough for insurance companies to lowball you.
• Leverage: Armed with a professional appraisal, you’ve got the upper hand when negotiating with insurers.

Fill out the form below to get a FREE Claim Review or call (678) 404-0455 and receive the compensation you deserve. Discover how much your car lost in value for free.

Real-Life Diminished Value Case: 2023 Mazda CX-50

In this real case, one of our clients with a 2023 Mazda CX-50 was involved in an accident, causing significant damage and impacting the vehicle’s market value.

Damage and Repairs

The vehicle sustained damage to critical components, including the engine and electrical systems, requiring extensive repairs. Key repairs included:

• Replacement of the engine harness, thermostat, and fuel pump.
• 25 hours of mechanical labor.
• Total repair cost: $7,128.47.

Diminished Value Assessment

A thorough appraisal was conducted to assess the diminished value of the vehicle:

• High Fair Market Value (FMV): $34,060
• Low Fair Market Value (FMV): $26,053
• Maximum Diminished Value (DV): $7,997
• Inherent Diminished Value: $3,208

While the maximum diminished value could have reached $7,997, the inherent diminished value was precisely calculated at $3,208 due to the specific extent of the damages and vehicle conditions pre accident. Using our certified patent-pending method, we ensure accurate, realistic quotes.

Unlike others who inflate values that insurers are unlikely to pay, we provide a diminished value assessment that we can fully substantiate—ensuring you receive the compensation you deserve.

This case highlights the importance of a detailed diminished value appraisal to ensure fair compensation, as insurance companies often offer much lower settlements.

Conclusion

Dealing with a diminished value claim doesn’t have to be hard. Knowing how much your 2023 Mazda CX-50 has lost in value and getting help from a professional appraiser can make a big difference. It ensures that the insurance company doesn’t shortchange you.

Ready to find out how much your car is worth after the accident? Get a free claim review today and make sure you’re fully compensated for your loss.