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
Who says it loses value? Value is whatever you can sell it for. If you can sell it for the same price (including repair costs) its value hasn’t changed (to you).
Some people will want a lower sale price, car companies for example, for vehicles that have had accidents because there is no 100% guarantee that something fatally wrong wasn’t caused in the crash. Metal cracks under stress and those cracks sometimes don’t appear for a long time, and then your engine falls in half.
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