Wrecked Car Damaged Vehicle Blog

How CARFAX kills Wrecked Vehicle Resale Value (WVRV)

Joseph Coupal - Wednesday, December 26, 2012

Vehicle history reports such as CarFax and AutoCheck are a critical part of the used vehicle transaction. If you are selling a vehicle with a "Bad CarFax" you can expect to see up to a 16% reduction in selling price - and this is after you've sunk the money into repairing your wrecked car!

Nearly a quarter of a billion (250 million) vehicle history reports are purchased every year in the United States. That's one for every car on the road. However, that statistic is somewhat misleading - the average car for sale has 4-5 vehicle history reports pulled - by multiple potential buyers (consumers and dealers). An independent consumer study indicated that 3 out of 4 used car buyers bought a vehicle history report as part of their research.

What do these incredible statistics mean? Even if you repair your car after a collision, there is no way to hide the accident from potential buyers. Even if the car was repaired to your manufacturer's specifications, its value is impaired permanently because virtually every buyer will know it was wrecked and they assume the worst. This is called STIGMA history - a scarlet letter for the wrecked vehicle owner.

It is time for a PARADIGM SHIFT on handling your vehicle post accident. Just as you would not repair a broken television, clock or microwave, don't repair your wrecked vehicle. Sell it to DamageMAX and let us worry about what to do with your wrecked car. We buy damaged vehicles every day and specialize in your once-in-a-lifetime problem.

It your right not to repair your vehicle. You may request the settlement check and not repair the vehicle. If you wrecked your car and simply just don't feel comfortable driving the car again, please consider selling your damaged vehicle to DamageMAX. DamageMAX will buy your wreck and you keep the insurance check! Thought you could not have your cake and eat it too? Not so with DamageMAX!

DamageMAX will buy your wreck and you keep the insurance check!

DamageMAX pays MAXimum value for your Damaged vehicle

Call 888-629-2137 or email info@damagemax.com for an instant quote! 


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