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Traffic accidents often leave car owners facing significant financial losses, one of the most frustrating being vehicle depreciation. But is there a way to recover this loss? Newstimesturkey.com spoke with Attorney and Mediator Cansu Gönültaşı, who shared key insights on vehicle depreciation claims.
What is a Vehicle Depreciation Lawsuit?
According to Gönültaşı, a vehicle depreciation lawsuit is a compensation claim filed to cover the reduction in a car’s market value after an accident.
“Even after repairs, a vehicle’s resale value drops due to its accident history. This is where car owners have the right to claim compensation for their depreciation loss,” she explains.
Who Can Claim Compensation for Depreciation?
Not every car owner can claim depreciation compensation. As Gönültaşı clarifies, only those who are not at fault or are partially at fault in the accident are eligible.
“In an accident, if you are not at fault or are only partially at fault, your losses should be covered by the insurance company of the party at fault. However, repairs alone are not enough; the loss in market value is also considered a damage. That’s why car owners can and should claim vehicle depreciation compensation,” she says.
Timing is Crucial: Don’t Miss the Deadlines!
Gönültaşı warns that claimants must be mindful of legal deadlines to ensure they don’t lose their right to compensation:
📌 Claims must be filed within 2 years of the accident.
📌 A lawsuit can be filed within a maximum of 10 years (statute of limitations).
“Missing these deadlines could mean losing the right to compensation. Car owners should take action promptly to protect their financial interests,” she emphasizes.
As Newstimesturkey.com, we appreciate Av. Arb. Cansu Gönültaşı for providing these valuable insights.
📌 Read more on legal cases and car-related news here: Newstimesturkey.com
Reporter’s Take:
Car depreciation is an often-overlooked consequence of accidents, yet it can cost owners thousands in lost value. Many car owners remain unaware that they have the right to claim compensation. This issue highlights the importance of knowing your legal rights and acting fast. If you’ve been in an accident and your car’s value has dropped—even after repairs—you might be entitled to compensation. Don’t wait until it’s too late!
