why does a record of an accident lower a car’s value even if the damaged parts were completely replaced?
In: Economics
Modern cars are designed with crumple zones, in impacts over 30 mph the metal is designed to absorb some of the energy and deform to protect the occupants. The upside is this is one of the reasons less people die in automobile accidents, the downside is the deformation of the crumple zones means cars are totaled a much more easily.
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