You can’t change the fact that your car’s value will depreciate after an accident. However, understanding this process will make the process a lot less painful. The first fact you need to accept:
Even if you have your vehicle repaired by a qualified body shop right and there isn’t any sign of damage, your car won’t bring the same resale value as it did before. Thinking of hiding it. That’s not always possible either. The accident will be recorded on a Carfax report, which most buyers will request before buying.
Which leads to this question: by how much does a vehicle depreciate after a car accident? This is a number known only by the insurance company and of course, it varies depending on vehicle factors. But in general, the depreciation percentage averages around 30 percent.
This might sound steep, but when you consider the fact that your car depreciates by 11% when you drive off of the lot, the stakes are even higher. Regardless, there are ways to mitigate this drop in value. The first, fixing your vehicle right away and by the right shop.