Are you considering selling your vehicle? Did you know that if your vehicle was in an auto collision with frame damage you could have a financial lose even if the damage was fixed?
According to an article at autoloss.com, “Vehicle Resale Value”
“When a vehicle’s frame has been damaged, it may be fixable, but the financial damage is permanent. Assuming it is accurately documented, a vehicle is valued significantly less due to the stigma to consumers who are in the market for a vehicle.
Another setback related to a frame-damaged vehicle is the likelihood that a car dealership will reject it altogether. We know from firsthand accounts that certified used vehicle programs have strict standards when it comes to a vehicle’s works repair history. For instance, Toyota’s program instructs its used vehicle inspectors to “Check frame to be sure no damage has been done to frame; no non-factory welds; no cracks; not bent; no evidence of flood damage.” If you don’t achieve a certified pre-owned status, you’ve potentially lost thousands in the value of your vehicle. In 2009, CNN Money did a value comparison between used and certified pre-owned vehicles.”
To read the entire article click here:
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