If a car is in an accident, and the repair shop restored it to new condition (no bent frame, new parts, paint, airbag, etc.), why does it still lose value in as a trade in, if it is otherwise in great condition, with low miles?
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The problem is that there are a lot of cars that have not been completely restored but are being misrepresented as new or great condition. The loss of value represents the risk you are taking of buying a lemon. Of course, risks work both ways and you could get a steal.
Buying a used car is definitely the most optimal way to spend your money, but it’s also the least optimal way to spend your time. Comes down to what is more valuable to the buyer, time or money.
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