why does a record of an accident lower a car’s value even if the damaged parts were completely replaced?
In: Economics
Because you don’t always know the FULL extent of the damage caused by an accident. Sometimes the frame can be compromised but you wouldn’t really know because you’re not going to strip the car down to find out so it’s a fair compromise to say “we can’t guarantee we know the extent of the damage” and value the car accordingly.
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