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View Poll Results: Would you keep the vehicle?
Yes 1 20.00%
No 4 80.00%
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Unread 03-01-2016, 03:02 AM   #1
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Question Bought a vehicle and just found it had been wrecked. How does that affect it's value?

Hello. We bought a beautiful fully loaded '13 Nissan Quest a couple weeks ago, and have since found out it was in a wreck that did not make it to Carfax. This vehicle was owned by the dealership, and was their shuttle vehicle. At the time of purchase something odd was noticed about the paint on the hood, but nobody knew anything, and we were told over and over there was no Carfax on it, so they were aware of no incidents. It is in prestine condition inside and out other than the spotty, leopardy looking paint color, and has low mileage for a '13. It was too good to pass up. So as part of the negotiations we requested they repaint the hood. They agreed. However, after having the car for a few days some things began to seem a bit suspicious. More spotiness found on the drivers' door, and noticed grill was popped out of place. When took in for paint repairs I requested to know the exact story on the vehicle, due to these other findings. I was called later that day by the manager, and told that the vehicle HAD actually been in a minor wreck in a parking lot that affected the fender, and grill requiring repainting of the hood, fender, and drivers' door to be blended. I was told it was not disclosed to us at the time of purchase, because there had been a management change and the new manager didn't know the story. I feel this new manager went above and beyond to be forthright in the details at this time, and allowed us to get opinions from our own repair shops. However, is requiring the work be done at the same body shop that did the original repairs. Our body guy saw no structural damage, and felt the only thing of concern was the paint issues, and suggested we request they sand it down before repainting. The dealership has offered us "out" of the deal if we prefer. In contemplation of keeping it we feel a renegotiation of price would be necessary. We paid only $500 less than they were asking for it. So at this point what has happened to the value of this vehicle now that we "know" it has been wrecked? And what is a fair request to make on a price adjustment at this point? We are well adjusted to the vehicle and loving it, so if the price is right we hate to give it back. Plus we turned our vehicle over on trade that they said would be sent to auction.

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Unread 03-01-2016, 11:24 AM   #2
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any crash, body work negatively affects value.

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Unread 03-01-2016, 02:07 PM   #3
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@deltaolds Do you know if there is a rule of thumb on how to figure how much? Say a percentage? And is it relative to the amount of damage?

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Unread 03-01-2016, 04:14 PM   #4
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it is relative to the amount of damage however, it should have easily been 10-20% below market value for even a minor accident.
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Unread 03-02-2016, 08:16 AM   #5
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As for value and such, what is/was you long term plan for the vehicle? Keep it and pay it off and drive it till you need a new one? Or keep it a couple years and get another newer vehicle?

Any damages to the vehicle will often reduce value 10-20%. More if major components were damaged.

I personally would ask for a few thousand off, at minimum just because they withheld the information. There should have been a note on the vehicle about the damages for all employees to see, not just be some managers secret. If you can get say 3-5k back, keep it, otherwise i say give the vehicle back, and find a new dealer to get a different Quest.

I vote no, btw. But thats assuming they wouldnt give a significant refund.
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Unread 03-03-2016, 04:17 PM   #6
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Hell no. Give it back. You have NO idea what all is wrong with it.

This is why I don't trust carfax. I have a family friend who checks vehicles for me.
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Unread 03-04-2016, 11:36 PM   #7
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Quote:
Originally Posted by KSIMP88 View Post
Hell no. Give it back. You have NO idea what all is wrong with it.

This is why I don't trust carfax. I have a family friend who checks vehicles for me.
Carfax helps, but no it's not a replacement for due diligence.
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Unread 03-05-2016, 09:58 PM   #8
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Thanks you all for your responses. Dealer has agreed to allow me to pick the body shop, but so far has only offered 5% back on the price of the vehicle. They are asking me why I don't just get out of the deal. Seems cowardly to me. I'm struggling with that decision, because our specialists say there is no other damage to the van, and our '04 van was taken in on trade. We would be out a vehicle to drive. There would still be a need for "a deal" to be negotiated to make the matter right and get into another van.

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Unread 03-07-2016, 04:26 PM   #9
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well look at it this way. you have no car other than that van, you like the van, it has no serious damage, accident was not serious, no frame, structural integrity affected.
it will drop some price off when you sell it, how much depends on when you will be selling it, what mileage,\condition overall it will be, of course the drop will be more if you sell it in a year or two, with relatively low mileage otoh, if keep if for long and put a lot of miles, make few new dents, than this damage wont affect the price much, if at all.
any used car you buy, you play a lotto, you may get a car with not a single scratch, but have almost dead trany or overheated engine with blown head gasket, i've seen it happen, dealers have their ways to cover things they do not want you to see, and body is the hardest to hide problems with.

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