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LisaBusch: 1 year ago

Should I fix hail damage on a 1 year old car

I plan to keep the car until it's paid off in 4-5 years, but if I were to try to trade it in before that, to trade up, would mild hail damage make a difference in trade-in value? The car is a 2010 with damage you can only see on close inspection.

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Answer 1

amylvs2fish: 1 year ago via iPhone

I just put mine in the shop it's five months old. I don't want my value depreciated

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Answer 2

dross1958: 1 year ago

Yes, hail damage reduces the car's value considerably.

A car depreciates 30 percent a year, and that is assuming it is in good condition. Any damage drops the value beyond that.

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Answer 3

lulabelle: 1 year ago via iPhone

Yes. If you have another hail storm, the insurance company won't pay for it if you didn't get it fixed the first time

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Answer 4

joker.jeff: 1 year ago

Since you plan on keeping the car until it is paid off in the next 4 to 5 years, I think it would be wise if you made the repairs on the car early enough since there is a big depreciation in the cost of vehicles around the country per year. Check out the link below for more details on how to do the repairs http://www.hailrepaircentral.com/hail-damage-repair-information-for-cars.aspx and http://editorial.autos.msn.com/article.aspx?cp-documentid=434597.

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