Definition: A diminished worth calculator is a web based device that assists in estimating the diminished worth of a car after it has been concerned in an accident or sustained different injury. The diminished worth represents the discount within the car’s market worth as a result of accident or injury.
Significance and Advantages: If a car is concerned in an accident, it could endure bodily injury requiring repairs. Even after repairs, the car’s worth might not totally recuperate, leading to a loss for the proprietor. A diminished worth calculator helps quantify this loss by estimating the distinction between the car’s pre-accident worth and its present worth after repairs.