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Old 07-05-2003, 06:03   #1 (permalink)
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Accident Damage and Resale Value

I was reading in a thread in the AU Market about a vehicle that had been damaged and repaired and was (obviously) for sale.
Some silly amounts were mentioned as the vehicle had been damaged and repaired.

What effect does properly repaired damage have on resale?? Would a Phase III that would be worth $60-70K in perfect condition really only be worth $30K because it had been damaged and repaired??

Obioulsy the preference would be to have a vehicle that had never been damaged but what sort of penalty should be paid for properly repaired damage?

Last edited by xacoupe; 07-05-2003 at 17:51.
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Old 07-05-2003, 06:26   #2 (permalink)
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Re: Accident Damage and Resale Value

That's a tuff one, me I would prefer a vechile with a known history and would proceed very cautiously if I new it had been damaged but If you had every thing checked out and the repair's were carried out profesionally and to a very high standard then I dont see a problem with asking the right price,some times they can come back to a customer better than when it left the factory,but then again it will allway's be on the back off your mind, I had my little laser ran into in the rear by a dickhead but one of my mate's who I beleive work's at the best panel shop in Bendigo, repair it to top notch, better than before,but atleast being honest is a good thing when it come's to telling the history of one's vechile when for sale.
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Old 07-05-2003, 18:16   #3 (permalink)
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Re: Accident Damage and Resale Value

If cars are repaired correctly they they will normailly come out of a pannel shop in better condition then they left the factory with, like press marks in door skins, door gaps just little things, but i believe that it shouldn't change the value of the car.
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Old 07-06-2003, 02:45   #4 (permalink)
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I guess it depends on whether one knows if the car has been in an accident or not. When you trade a car in the dealer, you are not required to let them know if the car has been in an accident. Also if the car has been repaired properly through comprehensive insurance it should (being the operative word) be repaired back to the way the car was before the accident so hence it shouldn't devalue the car in anyway.

But by the same token if one individual can prove an accident repair that he/she is not happy with, then no doubt the price of the car will be devalued abit.
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Old 07-06-2003, 04:01   #5 (permalink)
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I think a lot of it has to do with peace-of-mind. I'd much prefer knowing that I am buying a clean car as opposed to an accident repaired car. Maybe the feeling inside that it wasn't repaired to the best standard...? I mean, if a car has been in a fairly hard accident, I don't see how lots of areas may have been affected and not dealt with (ie. minor things that might not have been spotted).
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Old 07-06-2003, 07:24   #6 (permalink)
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Re: Accident Damage and Resale Value

If its done properly, it should be ok.

With rare/collector cars it will be devalued. Just like a rare comic book in its orig wrapping, perfect cond, is worth more than a open one in thew same condition.



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Old 07-06-2003, 14:49   #7 (permalink)
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my thoughts on this one are that if repairs are of a high standard that no penalty is brought to the car. in fact many of the more expensive and collectable cars,particularly racecars, have had extensive repair and restoration work....thats not to say that there may not be a premium for mint examples (if they exist).

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