Thread: Diminshed Value
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Old 10-20-2020, 07:47 AM   #19
Minkota
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Join Date: Jun 2016
Location: West Palm Beach, Florida
Posts: 295
Re: Diminshed Value

Quote:
Originally Posted by jocko View Post
In my mind, loss of resale value due to a accident really only applies to more modern vehicles. For instance, if you were looking for a 3-5 year old daily driver, a carfax report that showed accident history might hurt price a little - because there are tons of similar vehicles out there without an accident history. I do not think it matters for old classics beyond 20-ish years old. To me, the furthest back it would really matter would be an accident on a relatively low mileage T400 era truck.
Agreed, especially since "Carfax" does not report on any vehicle older than 1981.
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