Does the Car Depreciate After Transmission Repair?
1 Answers
Transmission repair can lead to vehicle depreciation. Here are the specific factors that contribute to depreciation: 1. Age of Use: The longer the vehicle has been in use, the higher the mileage will be. 2. Parts-to-Vehicle Price Ratio: This refers to the ratio of the total cost of all installed parts to the vehicle's own price. A lower ratio means the vehicle depreciates more. 3. Major Repairs: Whether the vehicle has been involved in flooding or major accidents. If a major accident leads to significant repairs, such vehicles can be assumed to have certain safety hazards, making them depreciate the most after major repairs.