My '05 Wrangler Unlimited was recently damaged to the amount of $6,500. Even after it's repaired, I know I won't get as much for it if I sell or trade it in, but how much less will I get?
2006-06-07 13:14:27 · 8 answers · asked by browardbutch 1 in Cars & Transportation ➔ Other - Cars & Transportation
1) Keep in mind, regardless of the answer, it's illegal (fraud) not to disclose the accident. If you know about it, you have to tell the buyer.
2) All accidents are not equal. If there was frame damage, you're going to lose a significant amoun. If everything damaged was a bolt on part, you won't lose as much. If this is the case, keep the insurance claim and/or body shop receipts, just in case. With newer cars, most parts are replaced, not repaired, so the dollar amount of the repair can be misleading.
3) Carfax is not accurate, it's only a tool (I believe they rely on body shops reporting to them). If your report is clean, you still have to disclose the accident, but do it on your terms. Rather than saying "I wrecked my car", say "I had these items replaced at XXXX miles". Sounds nicer to the ear.
4) If it drives ok, don't rush to trade it in. You took the biggest hit in value when you drove it off the lot, and you'll take that hit again if you buy a new car.
2006-06-08 07:01:44 · answer #1 · answered by M3Owner 3 · 0⤊ 0⤋
If the repair is done perfectly (and very few are) you will still lose value. Assuming you have 12,000 (this is just a wild guess as you do not say) The average wholesale price for your jeep is about $19,850. With the damage having been done and repaired, I would value your jeep at no more that $17,500 in the same condition. With major frame damage, the value could even be less.
2006-06-07 14:11:02 · answer #2 · answered by fire4511 7 · 0⤊ 0⤋
If the damage is listed in CarFax, you can typically expect a reduction in value of 20% to 50%.
That much damage is significant. Failure to reveal it to a prospective buyer may leave you open to a legal claim if they discover the fact after purchasing it. However, if it's listed in CarFax and they failed to get a report, you'd be in a pretty good position to deny the claim.
Check with your DMV to see if there are any requirements to notify a buyer of major damage even though the title is still clean. Checking with a lawyer would be a good idea as well, just to be safe.
2006-06-07 14:07:20 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
you'll be lucky to get the 6500 back. the second they find out it's wrecked is the second they cut the amount they're willing to pay by 50%. a vehicle that badly wrecked never handles the same, they always have odd, sometimes upsetting quirks in their handling. make sure you tell them it's been hit, dont lie, the extra cash you may get will come right back out the second they find out and sue. be honest, they'll give you more if yer honest than if they find out via carfax, which is going to know it's been wrecked once before
2006-06-07 13:59:00 · answer #4 · answered by chikara_neko 2 · 0⤊ 0⤋
study costs for loose at - INSURERATESNOW.data- RE My daughter had a vehicle smash with my vehicle inflicting my coverage to flow up.? My daughter had a vehicle smash with my vehicle inflicting my coverage to flow up. Technically i did not reason the coverage, so if i grow to be to change insurances, will it nonetheless ensue. it may merely be me contained in the coverage now.
2016-11-14 08:16:03 · answer #5 · answered by wesch 4 · 0⤊ 0⤋
If your vehicle has a clean title it is okay. However, if it dosent then you will DEFENENTLY NOT get as much as you would if the vehicle was not involved in an accident.
2006-06-07 15:23:05 · answer #6 · answered by Eric 2 · 0⤊ 0⤋
Well if it was fixed properly you should get almost as much but if it was fixed by a butcher that you'll lose quite abit.
2006-06-07 13:56:25 · answer #7 · answered by booboo 7 · 0⤊ 0⤋
if you have a clean title them no one will know if they don't know what they are looking for
2006-06-07 13:18:23 · answer #8 · answered by help 2 · 0⤊ 0⤋