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re: How much does an wreck affect the resale value of a vehicle after it's repaired?
Posted on 10/26/18 at 1:50 pm to HeyHeyHogsAllTheWay
Posted on 10/26/18 at 1:50 pm to HeyHeyHogsAllTheWay
quote:
How much does an wreck affect the resale value of a vehicle after it's repaired? by HeyHeyHogsAllTheWayquote:in most cases use the dont ask dont tell rule when it comes to reselling Nothing dishonest about that at all.
Or realistic. Who today is going to buy a car without seeing the Carfax and don't ask don't tell don't work
0
Posted on 10/26/18 at 1:57 pm to FlyinTiger93
quote:
Any ding on Carfax, regardless of how small or how it was repaired, is 15-25%, depending on dealer.
The DA's office is asking for estimates or other documentation to support claim of dimunition of value. I have spoken to my car dealer about this and he says that he normally would deduct 2-3K off a car with a hit on carfax like this.
He would not put this in writing though.
Where would I go to get some documentation to support my claim.
Posted on 10/26/18 at 2:24 pm to BeerMoney
quote:
imagine it has to do with when the damage shows up on a carfax report right? But I don’t know when that happens
I was recently rearended and had to get minor body work. The guy at the body shop told me that it's the insurance company that reports accidents to carfax and that the insurance companies have to pay carfax. Because of this, the companies do not always report the incident to carfax. Upside: your accident might not show up on carfax. Downside: you might one day buy a car w a clean carfax and it has actually had accidents. I had always thought the responding LE reported to carfax.
Posted on 10/26/18 at 2:49 pm to HaveMercy
I purchased a 2015 at the end of September. Looked at about 15 others and got the carfax on all. It was amazing seeing the details those things provided. Every single oil change was documented in some of the vehicles, air filters, tires, etc...
Seems like once they entered the VIN # into a system for maintenance it was on the car fax report.
Seems like once they entered the VIN # into a system for maintenance it was on the car fax report.
Posted on 10/26/18 at 3:12 pm to ruzil
When I traded in my last car I let the dealership deal with that, they have access to the VIN number and can pull it if they want. I got a fair price for trade in so I left it at that.
Posted on 10/26/18 at 3:21 pm to ruzil
I'm getting ready to file in small claims court over this very thing. New 4runner with less than 20k miles. 4500 worth of damage, they offered 750 in diminished value.
The difference in trade in from good condition (non wreck) to fair (wrecked) trade in is 2200 dollars. Thats what I asked for and they said no.
I told them I'd take them to small claims court and they said no problem. I'll get my 2200 and it will cost them legal fees. No problem...
The difference in trade in from good condition (non wreck) to fair (wrecked) trade in is 2200 dollars. Thats what I asked for and they said no.
I told them I'd take them to small claims court and they said no problem. I'll get my 2200 and it will cost them legal fees. No problem...
Posted on 10/26/18 at 4:34 pm to eitek1
I spoke to several people today and the concensus was that the wreck would reduce my cars value between 2500-3000$ when ever I decide to sell.
I plug some figures into Carfax and came out with similar numbers. Since my car is low mileage, it would be on the higher end of the range.
I plan on submitting this to the DA's office and see where it goes. I know the insurance company of the person that hit me would tell me to pound sand, so lets just see how bad this dude wants to not have to go to court.
I plug some figures into Carfax and came out with similar numbers. Since my car is low mileage, it would be on the higher end of the range.
I plan on submitting this to the DA's office and see where it goes. I know the insurance company of the person that hit me would tell me to pound sand, so lets just see how bad this dude wants to not have to go to court.
Posted on 10/26/18 at 4:37 pm to ruzil
The value goes up. It's like driving a partially new car, baw.
Posted on 10/26/18 at 6:00 pm to johnnyblazingame
quote:
The value goes up. It's like driving a partially new car, baw.
Seems plausible for a simpleton like you. Rock on!
Posted on 10/26/18 at 6:02 pm to ruzil
depends on the value of the car obviously.
You should have sued their insurance company for loss of value in addition to the damages.
You should have sued their insurance company for loss of value in addition to the damages.
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