Quote:
Originally Posted by Rangerrotty
I am interested in a nicely optioned 2016 M3 with just under 25,000 miles being sold by a "local" BMW dealer. My question is, with all things being equal to a car without an accident on the Carfax, what impact to the sale price does that make? 5%, 10%, other? I assume all the damage was repaired, but I have not seen the car in person yet.
Here is what the Carfax says:
Accident reported
Involving front impact
It hit a tree
Vehicle ran off road
Front primarily damaged
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It all depends on the accident. Ask the person to provide pictures, damage, report, what was fixed, etc. It could have been minor/cosmetic issues. If that's the case - nothing really off. If it was more serious, then you can ask for some diminished value off - but don't expect 5, 10, 15 etc. Ain't gonna really happen unless it was major damage.
NOTE: i once went to CarMax to sell my old 330xi. My car had carfax (it was hit by another driver). Damage was some body damage, and replacement of wheels/tires. Line item showed $500 depreciation...on a 17k .
Point is, don't assume worst case scenario. Car fax will report whatever is sent to it -- even minor scratches. Especially if there was an insurance claim