How much does a small accident affect value?
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Joined: May 2009
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How much does a small accident affect value?
Looking at a 2015 z06 w z07 package/3lz and comp seats w 10k miles. Owner has been transparent w accident on history and sent me pics. Pretty much a bike ran into the front of car while in parking lot and scratched the front end up. Carfax reports minor. What y’all think it’s worth w the accident on record? Tia
Burning Brakes
Joined: Apr 2019
Posts: 881
Likes: 257
From: Phoenix, AZ
Depends on how well the auto body shop did. Prob $500-$3k off in my opinion if it was just paint work, depending on the quality of the work. More importantly, how much does the fact that it's had paint work matter to you? There are tons of corvettes, usually it means pass for me until I find one that checks all the boxes and has no history. Speaking of, mine is for sale in the FS section if you are interested. 
Last edited by Creatre; Dec 10, 2020 at 08:38 PM.
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Race Director
Joined: Apr 2006
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From: Huntsville AL
Didn't seem to matter much when I sold mine.
Those kinds of things don't matter to me, as long as it was repaired properly, which mine was.
Those kinds of things don't matter to me, as long as it was repaired properly, which mine was.
Last edited by Tonylmiller; Dec 10, 2020 at 10:50 PM.
Drifting
Joined: Oct 2007
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From: NY
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Burning Brakes
Joined: Aug 2001
Posts: 837
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From: Olathe KS
It's worth what you want to pay for it. You can probably use that to your advantage in negotiation for sure. Personally, as long as the airbags didn't deploy, it was drivable, and fixed properly it's not a big deal. The fact that the owner has pics and documentation should give you peace of mind but I'd ask for those in case you do buy it and want to sell it at some point. I had someone back into my parked gen6 SS vert in a parking lot, bumper cover was repainted and it was good to go. When I traded that it on my Z06 it didn't effect the value they gave me at all because I shared pics/documentation with the dealer. Now, more than one accident on a carfax and I'm out...
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Joined: Oct 2007
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From: Clayton In.
The car has lost value, do to the accident. Just ask your local dealer. If you never sell the car you won't loose money. When dealer look at a car a accident they don't care (small or large accident ). The private seller must adjust his price>
Instructor
Joined: Dec 2019
Posts: 130
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that is completely false information. I sold cars for 7 years and anytime a car came in on trade with a bad carfax it lost 10-15% on the value. We took a huge hit once because we bought a car that showed a clean carfax, but 2 weeks later the accident popped up as we were trying to sell it
