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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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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33 Answers

Anonymous 0 Comments

True story: my dad had a Porsche cup car (race car) that he bought new for the new racing season (this was 20 years ago). In the first weekend of testing, it was wrecked tail first into the wall at 175 MPH. The back third of the car was toast. Subsequently, my dad died of a heart attack.

When my mom sold the car, she was able to sell it as new for full purchase price, since the repair was basically to cut off the back third of the car and make it new.

Racers don’t give a shit about stigmas. They trust German engineering.

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