Diminished Value Calculator: Estimate Your Car’s Lost Value

Use this diminished value calculator to estimate the decreased value of your vehicle after an accident.

Original Value ($): Damage Multiplier (0.00 – 1.00): Mileage Modifier (0.00 – 1.00): CalculateResult:

Diminished Value Calculator

This calculator helps you estimate the diminished value of a vehicle after an accident. The diminished value is the amount by which the value of the vehicle has decreased due to the accident.

How to Use the Calculator

1. Enter the original value of your vehicle.
2. Enter a damage multiplier that represents the extent of damage (between 0.00 for no damage to 1.00 for total loss).
3. Enter a mileage modifier to represent your car’s mileage impact on its value (between 0.00 for high mileage to 1.00 for low mileage).
4. Click on “Calculate” to see the diminished value.

How It Calculates Results

The calculator multiplies the original value of the vehicle by the damage multiplier and the mileage modifier. The formula used is:

Diminished Value = Original Value × Damage Multiplier × Mileage Modifier

Limitations of the Calculator

This calculator provides a rough estimate and should not be considered as a definitive assessment of diminished value. It does not take into account other factors such as vehicle age, market conditions, or specific buyer preferences. For a precise valuation, consider seeking a professional appraiser.