Join Date: Aug 2005
Location: Ellicott City, MD
Re: Trade in
Really unless you can do the repairs yourself it will cost you about as much as you would gain back in value. Unlike houses where even if you are paying a contractor a lot of work adds more value to the house then it cost to do the work, on a car that is very much not true.
Most times if you are paying a shop for improvements (that would add value, like cosmetic repairs, a nicer stereo (but not over the top), adding fog lights, cruise control, etc) you will get back about dollar for dollar the work...often times less.
I would only consider the work if the damage is very bad looking, like it would probably require the entire fender to be replaced.