Pinnacle Auto Appraisers' Blog
Keeping the auto appraising industry up to date with important auto industry and appraiser information.
Diminished Value Appraisals
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We see a lot of cars that need TLC...and might have seen a shop or two...or three...or more...
http://autos.aol.com/photos/most-repaired-cars/?ncid=dynaldusaolp00000023
We're always seeing these types of cars in our appraisals and we thought this article from AOL hit on a few trends we see...lots of vehicles needing repairs, car in disrepair, and mechanic services.
Did you know that you can claim Diminished Value as a tax deduction? Featured
Diminished Value - Tax Deductible?
At Pinnacle Auto Appraisers we can assist you in determining the amount of loss you can claim as an itemized tax deduction on Form 4684 of your Federal tax return. The part of the diminished value not reimbursed by the insurance company is tax deductible; and in many cases the cost of the appraisal can also be claimed as an itemized deduction as well. Contact Pinnacle Auto Appraisers today for more information!
Diminished Value Claim
Were you involved in an accident that was not your fault? You may be entitled to loss of vehicle value due to the accident. Diminished Value is value lost due to having an accident history versus owning a vehicle without an accident history. One of our certified auto appraisers will provide you with a detailed report on the Diminished Value of your vehicle. Time is limited on filing a Diminished Value claim; so don't waste anymore time.
