[DAVID GAGNARD]

Loss of Value or Diminished Value is recognized in Louisiana..... It is generally accepted by the courts to apply to vehicles that are one year old or less.....In some cases they will extend it to two years, but this would only apply to "high end" autos and the LOV would then be about 10% to 15% of the A.C.V..............

I guess this would vary from state to state.......

David