G/F wrecked her car, how much depreciation?

[Deltron]

Well my g/f wrecked her '06 civic ex. The civic WAS in perfect shape. She turned in front of someone at a light and he hit her right on the right rear wheel. Damage was $8000. I got the body and suspension work done at a great Honda dealership, and after they welded on the rear panel, the panel lines on the trunk looked great. They also had to put a whole new right rear suspension on. A problem they had was the unibody had bent where the upper a-arm connected. Well they got it all fixed up, it looks and rides great. The blue book "private party value" of her car in excellent condition is $15,990. She might be getting a sales job (w/a car allotment) and will need a SUV. So I'm wondering with the wreck, how much does it depreciate?

Thanks

[4runnerchevy]

Are we talking how much she depreciated or the Honda :D. If we are talking about a HONDA then its worthless. :tongueout:

[neliconcept]

you prob took it down to about 9 or 10k with excellent condition, cars will depreciate fast when hit hard.

[ecchamberlin]

off topic: wow neli nice avatar!

On Topic: It is hard to say. As long as the car was properly repaired and still has a clean title you could do okay especially as a private sale. I had a really bad accident with a Dodge Dakota where I got T boned and it knocked the bed almost completely off the frame. Went to prep for sale and did a Carfax search and nothing showed up about the accident at all. I had it repaired by a large completely legit body shop and had an insurance claim from hell.

You never know. I am in no way suggesting that you hide it from a prospective buyer but if they ask tell them what happened and show them the paper work that should also include waranteeing the work of repairs done to the car.

[Deltron]

Thanks guys. I hardly ever drove her car (i don't ride with her driving, so we take my car), but to me it drove like I remember it. I looked at it today in the day time and the body shop did a great job.

4runnerchevy- my opinion of her driving skill couldn't depreciate anymore than what I thought of her driving before the accident. Thats why I always drive.

[fustercluck]

Depending upon how honest you are, you'll need to leverage an incentive to the buyer to do the deal. How much discount would you require to motivate the purchase of a rebuild? I'd say 20-25% of book if the repair was excellent.