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?

Question

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?

In: Other

Answer 1

I’m gonna answer with a counter question. Take car x with 20000 miles. And take accident car y with 20000 miles both are exact the same pristine condition. Same color same extra’s everything is the same and you are able to choose between the two of them and both are exact the same price even though car y has been in an accident. Which one would you pick??