Friday, October 2, 2020

The Civil Resolution Tribunal accepts the Fournier Auto Group's expertise and awards accelerated depreciation

Lai v. Leung

On balance, I accept Mr. Fournier’s opinion on the Porsche’s valuation and its accelerated depreciation. I find it more likely than not that the collision caused the repaired Porsche to depreciate quicker than it otherwise would have, at a rate of about 2.5% to 3.5%. I find Mr. Lai has not proven that his loss was more than the lower end of this continuum. Based on the Fournier Report valuation, I find that Mr. Lai is entitled to a total of $1,805 in damages for accelerated depreciation.

The award includes reimbursement for the Fournier Auto Group Report.