I've
been screaming about diminished value for decades. A hit on a history report,
correct or not, creates an undeniable diminution in value that only a newly
landed Martian would be silly enough to deny. Twenty five years ago when
vehicle history reports first started surfacing the average price of a new car
was $30,000 or less. Today it's double. Who ever thought an Escalade would be
sneaking up on $100,000. A small insurance
claim intrinsically creates a desirability issue that crushes the value. The
proverbial "shopping cart" accident can make that Escalade's
ACV plummet. Who will bid and why they won't changes the “desirability index” dramatically
and therefore the value simply is not the same...or close.
Over
the decades (holy smokes time flies) we built the tool that universally solves
the issue of quantifying the valuation,
the dollar amount, on the VIN specific unit. Thank any God we did. Because now that the buzz on the diminished
value topic is intensifying we are ready willing and able to bring the Diminished
Value Calculator (it will be using dimvalcal.com
as the URL) DVC as the acronym, to the general market.
Real
time, the DVC takes all the specific VIN
explosion details that are obvious like any recognized value guide might, but it
also takes into consideration thousands of details and market driven nuance
that aren't so obvious. The multitude of things that we've experienced
qualifying, quantifying, pricing, actually buying, and actually selling,
millions of vehicles over the decades.
The DVC
patent pending algorithm fundamentally changes the accident victims view of the heretofore dilemma…
how they go about collecting what the law says they have coming to them but
nobody has figured out, the diminution in value they experienced when their
vehicle had an accident in a clear, empirical, accessible to anyone, market driven guarantee.
In addition to being 100%
transparent, DVC enables the user to transact. The fact that a pre and post-incident
guarantee to purchase the specific unit in question sets it apart from the “opine”
of any other entity/system/book/company.
While capturing the granular detail necessary to make a purchase
offer DVC inherently creates a desirability index that
considers how a unit is viewed by traders in the liquid wholesale market from
coast to coast in the US and Canada. How an accident impacts a white 2014 Mercedes S550
compared to a blue one with the exact
same characteristics is dramatic in reality. You ask how or why? I say a lot and because.
The because is in the market driven nuance
which makes up the science baked into
the algorithm. Separate from geographic variance, supply,
exportability, depth/of the hit, location of the hit, contiguous panel effected
in the hit, miles, color, smell, DVC includes a very unique way it looks at the depth of the predictive buyer base on the
specific unit. The DVC process also captures granular detail that produces
a “pedigree “of the VIN and
the case. All vehicle valuation and case documentation are housed on Headstart DVMS, a robust cloud based
workflow brain, a management process, where permanent record of each case that can
be accessed by subscribing lawyers, dealers or individuals. Headstart
DVMS (Diminished Value Management System).
Our goal is to make collecting the diminished value an open
and shut process. The impact on the specific 17 digit VIN is one that falls
outside a layman's capacity. The DimValCal, our diminished value
calculator, creates a guaranteed value, a wreck report, to be used in getting
your wreck check. Individuals, dealers, dealer loaners that always end up with
a hit on FAX, lease companies, captives, rental car companies all have a clear
path to getting paid.