I am buying a new car and want to trade in my 2001 mustang convertible. The car is in good condition and has about 4000 in aftermarket upgrades but has minor paint defects on the rear bumber because of an accident it was in. KBB says I should get about 7500 (stock) for it and the dealership is saying they will only give me 6000 because of the accident. Does the value drop that much or are they trying to rip me off???
2007-07-10 19:53:38 · 3 answers · asked by Robbyz3 2 in Cars & Transportation ➔ Buying & Selling
How much money will it cost to make it like it was never wrecked ?. Deduct that much from the KBB trade-in value.
After market up grades do not add a lot of value to trading in a car.
2007-07-10 20:01:01 · answer #1 · answered by g h 4 · 0⤊ 0⤋
It depends on the severity of the accident and the condition of the car. Nowadays anyone can get a Carfax or similar report on a car and will bargain from a position of greater power with the seller. If the damage was great enough that a salvage or totaled notation was placed on the title, the value really plummets.
Most buyers will shy away from a car that's been wrecked. A lot of that thinking might be misguided, reaching back to the past when an accident usually meant a car would never run right again. But it is still a big concern and they are harder to sell, thus a lower value is applied to them. Good luck.
2007-07-10 20:03:41 · answer #2 · answered by gailforce_wind 6 · 0⤊ 0⤋
I would take the car in to a body shop and get it repaired, and then sell it myself. check with the kbb and see what it is worth for a private seller.
If the cost of repairs subtracted from the kbb private seller price then you could just trade it in. good luck.
I also had a 01 mustang GT convertible premium.
2007-07-10 20:05:11 · answer #3 · answered by Fordman 7 · 0⤊ 0⤋