Cars that have had a shunt. No frame damage, clean carfax, but fairly pricey repairs. Any thoughts?
Collision damage varies from car to car. So, any fomula to calculate value will be inaccurate. The best way to determine the market value is to list the car with before and after photos and extensive information about the repairs and see what offers you get. "For every pig there is a pig lover."
what do you mean crash? like replace a bumper and other minor crap or an entire quarterpanel and structure being rebuilt? because one is a 10 mph fender bender another can be a 50 mph hit both would be fixable and both listed as "crashes" I would say a fender bender a non issue and it should not devalue the car to any real degree..
From a dealer's point of view, any time a car has had paint work that can be detected with a paint thickness gauge or the naked eye the value of the car is negatively impacted by 10% or more.
Interesting. Does that include a front re-spray to take care of rock chips? If so, when I go to sell, I guess I'll just leave the patina, save on the paint and save 10% for not having the paint done.
where do you get this info? a friendly dealer who is taking your car in trade? or a dealer selling it to you? when is the last time you put a paint guage on a brand new 350k scuderia? because it's ALL OVER my place.. Dealers are looking to lowball you any way they can.. the point is most used cars and ESPECIALLY high end exotics get resprayed to avoid chips etc, scratches etc. 10%? you must be high I would never agree to something like that and would be offended if the dealer thought I was that stupid I had a hilarious experience with my modena I bought from newport beach ferrari when my friends told me it had paint work (my friend is a dealer that tried to sell me another car, nice guy) I paid 500 dollars to have it professionally inspected by koressorie (high respected ferrari bodyshop authorized by ferrari) they told me it was a perfectly normal modena with no issues.. do not believe what dealers say to you they are nice guys but they WILL screw you on trade ins and give you misinformation it's part of their business
The car in question has close to 6 figures in repair, but no structural. I felt, that based on the amount of work, that it kills the value of the car.
when my car was rear ended koressorie charged 30k to fix it.. all they changed was the rear bumper and rear impact bar.. nothing else.. parts in total was 5k, they charged 25k labor.. because of who they are.. people that buy the car need to know this sort of thing. 100k may not be as bad as you think.. mine was very minimal, essentially a 5-10mph parking lot hit.. directly on rear bumper 30k repair..
It was superficial.... but the front, rear, a quarter panel, door, wheels, head lights, under tray, diffusers.... were replaced It was a bit more than a bump!
well that is different than a simple rear end collision and I Can see how a top tier repair facility would charge over 100k for that work.. if it was done by a top teir facility like premiere on west coast or karessorie on east coast then I can tell you the car is as good as new and you should buy her.. as long as all superficial and no unibody work as been done on it
Anytime an exotic is involved in a collision, it's pretty much $20-40k of repair bill to START with. The quality of the repair is more important than the extent of the repair. Loss value definitely applies. Assuming repair was done well, I'd venture a 5-10% discount. However, the condition of the car overall really drives the desirability of the car. Documentation of the damage definitely helps to judge loss value.
I am now retired but was a high-line dealer with 11 franchises for over 20 years. Read the post carefully: "if it can be measured with a paint gauge" doesn't apply to plastic bumpers they can't be measured, "if it can be detected by the naked eye" equals a bad paint job. Just like some buyers are good and some less so, some dealers are good and some less so. A dealer trying to make a profit is not a dealer trying to screw you. Think about it: 2 cars side by side both exactly the same but 1 has a resprayed rear end (not bumpers). Which one do you want? A good dealer will disclose repairs and expects to get less money for a car that has been repaired, it's worth less. If you stand in the lane at the auction and watch the buyers running around cars with paint gauges you will understand, dealers pay less for cars with paintwork, it's really just that simple. And if dealers pay less then retail buyers will pay less too if they know about the repairs. This is actually a well recognized concept in the courts. When your car is damaged in an accident you can recover the cost of the repairs and the diminished value as a result of the accident repairs. Any insurance adjuster is familiar with diminished value but they fight like mad not to pay it.
I felt that this car needed to be 30-40% under the ask, based on the knowledge. The seller is asking 'no story' money. I feel that there is no where to go on this one. Oh well.... it's not like these are 250GTO's!
