Insiders Guide to Wreckcheck and Diminished Value

Diminished Value Calculator

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Here is Everything you ever wanted to know about Wreckcheck and Diminished Value

In this article we explain what Diminished Value is, and how Wreckcheck works, and everything in between.

What is Diminished Value? 

Have you been in an accident and had your car repaired? Then you should know about Diminished Value.

Guess what, your car is not worth as much as it was before the accident. If you had two equivalent vehicles of the same year, make, model, mileage and even condition and one of those vehicles had been in an accident and been repaired, it is worth less.

That’s a fact. Services like Carfax and AutoCheck will notify a dealer or buyer of the accident repair. Sometimes they even tell them how much less to offer for your vehicle.

Wikipedia defines Diminished Value as:

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. 


How to Calculate the Diminished Value of your Vehicle

So, the next question is, how do I know what the Diminished Value of my vehicle is? Am I eligible? Does someone owe me money?

As you begin to research Diminished Values, you will come across the 17C Formula, or just “17C”.  There are several websites out there that will explain how this and even other formulas work. As you dive into it, things seems to get a little more complicated. That’s why we built Wreckcheck.

Wreckcheck uses actual market data. Our values are backed by 40+ years of automotive experience, and our results come from an impeccable proprietary source of information that is available nowhere else. WreckCheck tracks and analyzes automotive transactions and vehicle histories across the United States. The results are then provided to the customer as a real-world figure of diminished value that a lawyer can rely upon in proving a DV claim.

What States Recognize Diminish Value Claims?

All of them. The right to be repaid for the loss of diminished value exists in all 50 states and most of Canada. The owner of a vehicle that has been violated by a third party is entitled to be compensated for the diminished value of their asset/vehicle.

Getting started with the Free Wreckcheck Diminished Value Calculator is your best and easiest first step in deciding if you might have a claim or case.

The insurance company you’re dealing with won’t be quick to tell you about Diminished Value. And if you raise it with them, they may try to tell you that they don’t pay Diminished value claims.

That’s not true. They just don’t want to pay you what you deserve. Insurance companies don’t create huge profits by being overly generous in paying for claims.

Dealing with a big insurance company can be daunting. They try to drag out the process, to confuse you or make it too difficult to continue. That’s why you need a clear report on what the accident means to Diminished Value for your car, truck or SUV.

Who is Behind Wreckcheck?

Wreckcheck was created by Automotive experts to help individuals, dealers, OEMs, lease companies, rental car companies and the insurance industry resolve the undeniable vin-specific diminished value issue. The process is designed to deliver a transparent, data and market driven diminished value calculation. The information that a vehicle history report contains is now verifiable and the diminished value that it creates is quantifiable.

The founders of are historically the single largest volume wholesale remarketing company in North America. They have sold hundreds of thousands of vehicles that have had previous damage and experienced the associated diminished value that created the data. They are the buyer, seller, and guarantor of tens of millions of VIN, condition, previous damage specific transactions. The data related to the diminutive value of vehicles with accident and history reports memorializing the related diminutive is very clear and indeed, rationally irrefutable.

With over 40 years of experience, our group of wholesale market makers, along with our network of consumer law experts, forms the team which is uniquely positioned to clarify the issues related to diminished value resolution. It includes the transaction data related to the change in market receptivity of previously damage vehicles which is clear.

How Does Wreckcheck Determine Diminished Value?

Until now there has not been any method for the victim or the entity that represents them to create a fair and equitable value that is driven by specific market data. This has remained a nebulous process due to the fact the vehicle may need to be sold to accurately calculate the loss.

The product includes a report of recent transactions similar in year, make, model, condition. also creates an appraisal of your vehicle before and after the accident in every case. The difference amounts to the diminished value. The market data co-validates the difference.

In cases that the owner of the vehicle choose to sell the vehicle, will make the net results available to the parties involved, including the insurance entity and responsible third party to maintain full transparency and insure fair and equitable results to all.

We realize that the legal knowledge, skill set, and access to information required to calculate diminished value falls outside a layman’s capacity. empowers everyone to resolve diminished value in a transparent, verifiable, fair and equitable way.

How Does the Wreckcheck Diminished Value Process Work?

It’s easy. Simply enter your information on the website and we will do the heavy lifting. Wreckcheck will ask for details about your vehicle and the accident.

Initially you may wish to just enter some basic information in order to get a sense of the value that your diminished value claim may be. For example, a high-end, late model vehicle in a serious accident may have a very large claim potential and Diminished Value claim. An older, less-expensive car in a more minor accident may have a very low diminished value, maybe even less than $1000. In this case, it may not be deemed worthwhile to pursue for our partner law firm, but you may still decide to pursue it on your own. In this case, will provide you with a complete letter and report to send to your insurance company to make your own claim.

What if my vehicle is leased?

We are unable to review Diminished Value claims for leased vehicles, because the company holding the lease is considered the owner and would file the diminished value claim.

The issue is a legal one; that is, for whose benefit is the collision/damage insurance obtained. Aside from the legal mandate to be insured for liability, lessees have to maintain certain types of property/collision damage insurance to make sure the vehicle is repaired and/or paid for if a total loss. The benefit inures to the leasing company ( aka bank), not the consumer as he/she has no ownership rights in the vehicle.

If your lease was over and you purchased the car from the Leasing Company then, only damage occurred after the purchase of the leased vehicle would give you the rights to Diminished Value.

What is a Salvage Title or flood damage?

A salvage title vehicle is one that has been in a significant accident or damage where the vehicle was likely ‘totaled’ by the insurance company. It may be recovered stolen vehicle. A flood damaged vehicle is one that has been submerged and possibly has damaged the vehicle and its electronics.

What happens if the Diminished Value returned is $0 ($Zero)?

Sometimes the WreckCheck system is unable to determine a Diminished Value (DV) for your vehicle so it returns a $0. There are two reasons for this: 1) This may be because your vehicle is rare, or is not bought and sold much, if this happens than a WreckCheck representative will be in contact with you to set a DV for your vehicle manually. Be patient as this may take a couple of days to track down the necessary data to make a strong claim. 2) Your vehicle’s value is such that any DV calculated is zero regardless if it has been in accident or not, quite often this is the case on vehicles older than 10 years.

How long will it take?

Is a good question, and the only answer is… that depends. If your filled out every question in the questionnaire about your vehicle and the accident, then your claim is much easier to file. Then it depends on which insurance company we have to deal with, as some are quicker to settle than others. It could take anywhere from 30 days to 18 months.

Can I file my Diminished Value claim myself?

Yes, you can file your claim on your own, however traditionally success rates for non-attorney filed claims is very poor. The insurance industry routinely disregards and/or denies Diminished Value (DV) claims, saving it billions of dollars each year. To get paid, DV claims requires data and usually, a lawyer. WreckCheck has the data and you can either handle the claim on your own or work with one of our nationally recognized attorneys experienced in the successful resolution of DV claims, but the odds are good in the end you will require an attorney.

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