Wrecked truck

rustjs1

100+ Posts
I wrecked my truck this weekend - $6000 in damages. Will this kill the reasale value if the repair job is done well?
 
absolutely
mad.gif
 
I wrecked a brand new Acura CL last summer - i had owned it for about 5 weeks. I did the economics and its just not worth getting it fixed. If you PM me i can give you the name of the guy who bought my totaled car - he fixes them up himself and keeps them around.
 
If a third party, or their insurance company, is responsible for reparing the damage to your vehicle, you are entitled to recover your loss for the vehicle's diminished value because of the damage. This doesn't apply to damage to your vehicle being repaired by your own insurance company.
 
It depends on the quality of the work, and the age of the vehicle. If it is properly repaired, no one is going to have any problems with it later. However, some places do not properly repair the vehicle, they cut some corners.
As a car gets older, it is less and less important in the value.
We do buyer's checks on cars, and if the car is fairly new, the main thing we look for is crash damage. You can usually tell if there has been a repaint job somewhere. Car dealers are very good at spotting this when you trade a car in. This can be a deduction in the value of the car if you sell it while it is still fairly new. This can be $1000 or even more on a high end vehicle.
As the car gets older, unless the crash was improperly repaired (poor quality, fading or peeling paint, or frame or electrical problems), there is no deduction in value on a used car because it was in a wreck. We mainly look for needed mechanical repairs as a reason for not buying those cars.
Any wrecked car can be completely repaired by competent people, even if it was rolled up into a ball. But it isn't always properly repaired, and the more systems that were impacted, the more chance for a screwup in the repair process.
Maybe they do the paint and body very well, but they had to replace an A/C condensor, and introduced a small leak into the A/C-or did not tighten a ground wire when they replaced a fender, and the turn signal bulb flickers over bumps. These things can happen, even at places trying to do things properly with good employees.
But many times, everything is done satisfactorally, and you enjoy years of life from the repaired vehicle. I owned a car for about 8 years that was two cars welded together in the middle (front end collision repair), and there were no problems with the repair. Of course, I bought it from the body shop guy who couldn't figure out all the vacuum and electrical hookups for the engine, so I got it at a good price. But his body repair was good.
It isn't automatically unusable because it has been wrecked.
 

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