| How Not to Lose Money on Your Car After an Accident |
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Written by admin, August 31st, 2011
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Once you have an accident with your car its value is decreased even if repairs are done to bring it back to near-new condition. This is technically known as diminished value. If the damage was extensive enough you may not need to lose money when you sell your car because of this. In some cases you can file a diminished value claim with your auto insurance carrier to deal with the gap between what you should have been able to sell your car for if it hadn’t had an accident and what you actually sold your car for.
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