How Much Does a Rear-End Collision Depreciate a Car?

[Heidi]

How much a car depreciates after being rear-ended depends on the actual situation. So far, there are no relevant standards or regulations to refer to regarding vehicle depreciation. Generally speaking, damage to components will not affect the resale value, but if major structural damage has been repaired, the car will be considered an accident vehicle, which will impact its resale value. If the depreciation loss is due to a decrease in value after repairs, the depreciation loss is not covered by insurance, as clearly stated in the insurance policy. For the issue of vehicle depreciation caused by a rear-end collision, a specific depreciation amount can only be determined after an evaluation by an appraisal agency. The appraisal agency makes a comprehensive judgment based on factors such as the vehicle's value before the accident, its condition, repair costs, and the reduction in second-hand market transaction prices.