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Assessing impact of repairs on re-sale value of car

  • 09-06-2011 1:31pm
    #1
    preilly79
    Closed Accounts Posts: 627 ✭✭✭


    Hi All,

    My car was involved in a minor rear-impact with another vehicle and will soon be sent to the dealers for repair. The damage is limited to bonnet, front bumper, bonnet catches, front fascia etc and there's no damage to front chassis legs, drivetrain, engine, radiator or anything you might expect to be damaged by such a collision. Basically it's all cosmetic damage.

    It's going to be repaired next week and it's my plan to sell it on within the next couple of months (emigrating).

    My question is, if the repairs are done by a main dealer, using OEM parts, by certified mechanics, and the damage was purely cosmetic, would this affect the resale value of my car and am I obliged to declare this repair to the future buyer?

    Cheers guys!

    EDIT: I see there's a sub forum for car repair so if a mod feels that's a better place for it go ahead and move it there.


Comments

  • #2
    mgbgt1978
    Registered Users, Registered Users 2 Posts: 4,261 ✭✭✭mgbgt1978


    If a potential buyer asks you if the car was involved in an accident then you should tell them. You do not have to volunteer the information though.
    If it doesn't look too bad the best thing is to take a few photo's of it now before it's repaired. At least that way a buyer can make up their own mind about how bad the damage was.
    Any crash damage will affect the resale value of a car but if it's repaired to a high standard then the drop shouldn't be too much.


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