Does a car being hit affect its resale value?
2 Answers
Yes, a car being hit does affect its resale value, as accident vehicles are depreciated by a certain percentage. Below are specific details about accident vehicles: Introduction to Accident Vehicles: An accident vehicle refers to a car that has suffered damage due to non-natural wear and tear incidents, resulting in reduced mechanical performance and economic value. Generally, these are vehicles with structural damage. The performance of such cars is not as good as before, and the fact that they were involved in an accident indicates underlying issues. Driving such a car can pose safety hazards. Hazards: The hazards of driving an accident vehicle include reduced performance after the accident, which already indicates potential problems with the car. Operating such a vehicle can lead to safety risks.
I've been keeping an eye on the used car market, and it's true that selling a car after an accident has a significant impact. Damage directly lowers the car's value, and buyers hesitate when they see the accident history. For example, my old car's price dropped by nearly 30% after a rear-end collision when I rushed to sell it without proper repairs, and it was hard to sell. The more severe the accident, the greater the impact, especially if the frame is deformed or airbags deployed—it's basically only good for scrap. I recommend thoroughly fixing all issues before selling, taking it to a repair shop for a comprehensive inspection, and obtaining a certificate to boost buyer confidence. For minor damage like small scratches, the impact might be smaller, but it's still crucial to be honest with buyers—safety first—to avoid more trouble later.