Exotic cars can suffer substantial diminished value, even where an accident causes minor damage. Wealthy people simply do not want to purchase any expensive car that has any accident history. Often, the history of a vehicle and its ownership are more important than actually using and driving the vehicle. In this example, one of my clients owned a brand new Aston Martin DB9 Volante with 1,400 miles for which they paid about $159,250. This vehicle was hit by a commercial truck while parked on a street. The cost to repair the mostly cosmetic damage to this carbon fiber vehicle was more than $30,000.00.
We recovered $55,000 for diminished value and loss of use damages.