Join Date: Aug 2005
Location: Ellicott City, MD
Re: Accident Resale Value
[quote author=fatabbot link=topic=169381.msg3587691#msg3587691 date=1269700995]
[quote author=apena85 link=topic=169381.msg3587677#msg3587677 date=1269700035]
If you get it to the dealer before anything shows up in the car fax, and the work is good they will never know you were in an accident unless you tell them.
Yeah, just depends on the appraiser. A good appraiser will be able to tell no matter how good the work is. Since most trades get wholesaled anyways, you may luck out and get less scrutiny.
And if they twig to a previous accident and you were the only owner you can be in some deep crap. As far as I know, all states require you to reveal the known history of the vehicle at the time of sale. This includes to dealerships. So if you lie and say it has never been in an accident and they figure out otherwise you could be in deep crap. At the very least you'll probably look at a steep 'discount' on the offer and/or just being told they aren't interest. They might also decide to share that info around, so you could have problems selling it anywhere.
Frankly, honesty is the best policy. Unless the car was completely wrecked, no biggie. Most dealers and even most individuals won't care to much if you know it had some minor sheet metal repairs, or a replaced bumper, some suspension components or something because of an accident. If the inspection looks fine and it drives fine, so be it. Sure, there might be a couple who care, but not many. Now frame damage that was fixed, that is a different story.