How do I determine the resale value of my car that was in a near-total accident, but repaired?

Question

I'm trying to determine how to calculate Edmunds or Kelley values after an accident. Our one-year-old vehicle was nearly totaled but repaired completely. How do I caculate its resale value?

I'm trying to determine how to calculate Edmunds or Kelley values after an accident. Our one-year-old vehicle was nearly totaled but repaired completely. I actually hoped it would be totaled, but it was roughly $500 shy in damage of being so. Repairs, which took nearly a month, were done meticulously well by a top-end body shop chosen by my insurance company, primarily with factory parts. How do I accurately caculate the vehicle's resale value?

Thanks for all the answers to date. To clarify, the car was in the accident when it was just over a year old. However, it is now nearly five years old and in otherwise very good condition, with relatively low miles. I am looking to sell it only because we need a larger vehicle.

Repairs were done in a top-end body shop with primarily factory parts.

I am unsure whether I will attempt to trade it in, or sell it to a private party. But in either case, I hadn't the slightest idea how much I should be asking for it relative to its BB/Edmunds value were it never in the accident, which is why I asked.

Answer 1

The dealership will ABSOLUTELY consider the accident in the trade in value (as well they should) because your car sitting next to the exact same car (without having had an accident) is going to be worth less to a potential buyer on their lot.

A vehicle that was nearly totaled could be quite a ding to the resale value. Especially if you are looking to sell so soon (just 1 year into ownership).

I would guess at least 4-5% and possibly more.

Your best bet is to simply get quotes from multiple dealers or ask them if they will let you speak with one of their wholesalers. (Ones I've worked with have been very straight up...but I know there is a wide variety of "ethics" out there).

Whatever you do, be upfront about the accident and repairs. They will suspect you of withholding more information if they discover it on their own.

Answer 2

Well, assuming that the vehicle was NOT totaled out by insurance, than it depends on the repair job. If it was repaired by someone who took their time and did it right, well, you'll lose a little in value, but not half or anything like that. Now, if the repair was done, well how to put it best, like hell. Then I would go with 2/3 or 1/2 retail value as listed in Kelly. It doesn't have a salvage title, that's the saving grace in your situation.

Answer 3

If it is a high end vehicle, there will be a large hit. If there are paint lines everywhere this will also affect the price. What looks good to you, a dealer may pick it up at auction what was done. If you are to retail, I would suggest just below NADA trade-in. At auction, if there are no paint lines and the vehicle never had VIN tags and there is no writing on the replaced parts, you might get lucky and get just over NADA Loan. If you want to know wha you vehicle is going for at auction contact me at YourgatePass@yahoo. com with the particulars on you vehicle. Good Luck. Mark

Answer 4

Any twist of destiny no count number number how properly repaired makes a motor vehicle properly worth a lot less. Its larger as a % on more moderen, extra severe priced autos. Even autos which have not in any respect been wrecked, merely repainted are properly worth a competent bit a lot less. (I once offered a Mercedes for about $800 decrease than not ordinary black e book because it changed into once black and it changed into made pink. large pastime, fee them plenty even though it killed the autos cost. in case you recommend on protecting the vehicle for destiny years, its likely not likely to make a large vast difference. On a $1500 motor vehicle, its likely in ordinary words $one hundred and fifty-2 hundred vast difference. On a $4500 one it will be $800-1000.

Answer 5

Your car is repaired to 100%. Consider it is as good as any other on kbb.com or wherever. If you trade it in, the dealer should not consider the repairs. You'll be taking a big enough scewing in deprieciation.

Answer 6

Use Galves because that's what your vehicle would be worth if it had to go to auction. Please note almost every dealer pulls a car fax to give to customers and as a result most customers won't purchase it.