Resale value of my camry?

Question

I have a 2005 camry that I will keep for 3-4 years or until 100,000 miles before I trade-in. I was hit by another driver and had $600 worth of damage. The estimate is for the replacement of a bumper (as good as new). Is it better to pocket the money and repaint the bumper (there are a few deep scrathes and a small depression).

Answer 1

collect the insurance

Answer 2

If you are trying to find out the resale value of your car 3-4 years down the road, that's almost impossible. One word of advice is that if you are going to own the car for another 3-4 years, it would make sense to pocket the money now on that off chance (knock on wood) that you don't get into another fender bender. It's up to you though, the resale value of your car will be higher if your car is in "perfect" condition at the time of sale, but if the damage is minimal like you say, it won't be more than the $600 you could potenitally pocket now.

Answer 3

I would sell it as is if damage is not to much unless u know someone that is talented enough to repair it to the point that it would look factory or a prospective buyer that detected the problem may think it had been hit harder than it actually was.
After a car is 5 to 6 years back from previous year model it would not make that much difference if u trade it they will put very little in the vehicle anyway according what price vehicle u trade on maybe even zilch

Answer 4

If each and every thing replaced into equivalent, year, miles, difficulty, ideas the Honda is probable extra constructive yet no longer by technique of a lot. Toyota suffered a touch with each and every of the undesirable publicity from before this year yet they are nevertheless an outstanding vehicle on the used marketplace. For the Camry the 4 cyl is rated extra constructive than the V6 in reliability.

Answer 5

I would pocket it, if you are going to keep it for 3-4 years or 100K and don't care about the scratches keep the money.

if it bothers you to have a fairly new car with scratches then get it fixed. It depends on what is more important to you. To me, if it's just cosmetic and doesn't look to bad, I would just touch it up and keep the money for something else down the road.

Small bumper scratches aren't going to knock off much when the car has 100K miles on it

Answer 6

I have a 1992 camry and it has over 200,000 miles and still runs great and gets around 35 miles to a gal.
It is worth atleast 4 or 5 grand and you can not replace it for that.Take the car to a reputable repair shop and get a price to fix it like new. To protect its value.After market parts or cheap made.

Answer 7

keep the duckets bondo baby spackel sand and paint it will look good as new and noone will ever be the wiser if u do it right ya means son issue solved by the way cast like 15 bucks holla at ya boy

Answer 8

Go to www.nada.com OR www.kbbs.com and enter the info into the form and they will provide you with a good estimate. OR go to a bank and ask them to give yoiu a price from their NADA guide. Good luck. Pops

Answer 9

The insurance settlement is to" repair your car" to pre-accident conditions. If you want the "Benjamin's" for other issues, that's your choice! Good luck!

Answer 10

some people have to have a perfect car, are you ones of those, it's what ever you can live with and how bad do you need the money. :)

Answer 11

It may be helpful to go to Kelly Blue Book and get your trade-in value. kbb.com