Can I claim resale value loss after third-party car accident?
Is a drop in the re-sale value of my brand new car, quoted by the maruti showroom to 50%, after an accident caused by a third party, claimable under vehicle law?
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Advocate By LEAD INDIA
Answered: 14 Dec 2024
Sir, while vehicle law does not directly provide for a claim on depreciation or resale value loss due to an accident, you can pursue compensation through insurance or legal action for damages caused by a third party. It is advised to consult an expert lawyer who will provide clarity on the best way to proceed. For further legal assistance contact us on our helpline number.
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