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Depreciation Loss Claims After a Car Accident In South Carolina

If your new or luxury vehicle was recently involved in a wreck, you may be entitled to recover thousands of dollars in depreciation loss compensation even after the repairs are complete. When your vehicle is no longer considered accident-free, its resale value drops, and the at-fault driver’s insurance company may owe you for that lost value.

At Spartan Law, we help vehicle owners across South Carolina recover this often-overlooked financial loss with no upfront costs to you.

 
What Is Depreciation Loss?​

Depreciation loss, also known as diminished value, refers to the drop in your vehicle’s market value after an accident. Even if the repairs are flawless, the fact that your car now has an accident history makes it worth less in the eyes of future buyers or dealers.

Insurance companies do not usually offer this money automatically. You must demand it, and that is where we step in.

What to Do After a Wreck Involving a Luxury Vehicle
  • Do not accept the first settlement offer. We often find depreciation loss is left out entirely.

  • Avoid repairs at generic shops. OEM-certified facilities support your claim and help preserve resale value.

  • Call Spartan Law immediately. The sooner we act, the stronger your position.

Our 5-Step Process to Recover Depreciation Loss

Here’s how Spartan Law handles your depreciation loss claim, based on a straightforward and proven method:

Rule 1: Your new or luxury vehicle was involved in a wreck.

Definition of a new vehicle:

  • Be 6 model years or newer

  • Have fewer than 70,000 miles

  • Go through a 160+ point inspection process

  • Offer an extended warranty

  • Have a clean title history

  • Not have any major body work or prior accident history

Rule 2: The vehicle was not deemed a total loss and was repaired.

If both rules apply, Spartan Law can recover your depreciation loss even if your car now looks and drives like new.

Here’s What We Do for You

Step 1:
We attempt to force or persuade the insurer to send your car to an OEM (Original Equipment Manufacturer) repair shop so the repairs meet factory quality standards.

Step 2:
We provide a professional diminished value report to document the difference between your vehicle’s pre-accident and post-repair value.

Step 3:
We submit the report to the at-fault driver’s insurance company and formally demand the full depreciation loss amount.

Step 4:
If needed, we negotiate directly with the insurance company or file suit after speaking with you.

Step 5:
You recover the diminished value compensation. Spartan Law retains 40 percent, and you keep 60 percent.

This service is completely free upfront. We cover everything.

How Soon Should You Contact a Lawyer?

You should contact Spartan Law as soon as your vehicle is being evaluated or repaired. Insurance companies work quickly, and once you accept a settlement, it is often too late to claim depreciation loss.

Spartan Law will:

  • Preserve your rights early

  • Handle negotiations directly

  • Ensure you get the true value of your claim, not just what the insurer offers

Why Choose Spartan Law?
  • Hands-free process. We manage everything for you.

  • Risk-free service. No charge unless you win.

  • Local expertise. We know how South Carolina insurers operate.

  • Fast results. Most clients receive their check within two to three months.

Call Spartan Law for a Free Depreciation Loss Consultation

Your luxury vehicle may look fine after repairs, but if its value dropped, you deserve compensation.

Call Spartan Law at 864-777-1000 for a free, no-obligation consultation with a South Carolina depreciation loss attorney.

You do not need to fight the insurance company alone. We will take care of everything while you focus on moving forward.

Frequently Asked Questions

It is the amount your vehicle’s market value drops after an accident, even if fully repaired.

Yes, as long as the case is still open and the accident was not your fault.

No. This claim is made against the at-fault driver’s insurance, not yours.

No. Spartan Law handles everything, from the claim to the negotiation.

Nothing upfront. We only collect a fee if we recover money for you, 40 percent of the total compensation.

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