Normally associated with automobiles, Diminished Value  is defined as the perceived loss in value of a car following a car accident due to an accident, even after repairs have been completed. There is a common understanding of inherent Diminished Value to be the perception that a collision-damaged vehicle is worth less than one that never sustained collision damage. Further, various state laws regarding disclosure of damage history in the sale of new and used vehicles places a big “red flag” on a collision-damaged vehicle in the secondary market. Readily available databases such as CarFax and Auto-Check, only exacerbate the negative perception. On the industrial side, other non-DMV related assets may suffer the same inherent Diminished Value. Most clients are unaware of the financial impact until they sell the asset at the end of its applicable lifecycle.