1 year ago
Last edited at 3:15PM on 3/22/2013
Only if it gets totaled and you still decide to fix it. Then it becomes an R title, if im not mistaken. But if it was a tame collision with mostly cosmetic damage, if you get it fixed well by a good mechanic, then the value shouldnt go down a whole lot. Maybe a little. Keep in mind, value goes down simply with age.
It does not necessarily mean that your car will lose value after an accident. However, this will depend on the extent of the damage on the car. If the car was repaired and returned to a good condition, its value will not be lost.
1 year ago
Last edited at 5:03PM on 3/22/2013
The value of your car depreciates the most after you purchase it. Even the very same day that you purchase your car, it's considered a 'used car' .. If it has been involved in an accident .. that will further compromise the value...dependant upon what damage was done, and how well it was repaired.
It loses value after it leaves the dealership. If the car is totaled you will potentially lose most of the cars value. If it is a simple fender bender that you get repaired the car will have the same value as before the crash