This useful resource assists in figuring out the loss in a car’s market price following an accident, even after repairs. This kind of loss represents the distinction between the car’s pre-accident worth and its worth after repairs. For instance, a car concerned in a collision and subsequently repaired might not command the identical worth as the same car with no accident historical past. The software aids in quantifying this distinction, typically required for insurance coverage claims.
Figuring out the monetary influence of a car’s diminished price following an accident is essential for honest compensation. It supplies a standardized technique for estimating this loss, guaranteeing transparency and probably expediting declare settlements. Traditionally, calculating this worth relied on subjective value determinations. These assets supply a extra goal method, leveraging knowledge and formulation to reach at an affordable estimate. This helps create a extra equitable claims course of for car homeowners.