why does a record of an accident lower a car’s value even if the damaged parts were completely replaced?
In: Economics
Sometimes the repair just isn’t up to OEM(factory) standards. That could be the replacement parts are poor fitting or the paint process is poor.
Example: Last year I purchased a used minivan. I was aware of the accident it was in. It had some bodywork done to the back of the van. It looked good. Until winter weather came. The clear coat (which protects the actual paint) has cracked. Now it looks terrible.
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