how much does a car depreciate after fix
#1
how much does a car depreciate after fix
some lady ran a red light and then i tried to avoid her but i ended up hitting her,
stupid lady,
but yeah there are damages to the car front end , and rear driver quauter panels,
wondering how much will my car depreciate after i repair all the damages,
i have a 01 civic si
stupid lady,
but yeah there are damages to the car front end , and rear driver quauter panels,
wondering how much will my car depreciate after i repair all the damages,
i have a 01 civic si
#2
well its up to your insurance company if they decide to write it off or if they decide to keep it. also depends on the fact wether to make the car branded or nonbranded. with nonbranded cars your title will be clear. from the orignal asking prices of cars like yours, if you do end up fixing it, the price would probaly drop about 1500-2grand.
#4
depreciation is generally the price it costed to fix the car.
meaning if the car costs 4 thousand to fix TECHNICALLY speaking the depreciation on the car will be the total amount of the parts needed to fix the car plus half the labour.
so for example if it costs 4 thousand and it costed 1500 for the parts then it would be 1500 plus 1250 which is half of 2500 from the labour.
so the total depreciation is 2750 dollars. thats ASSUMING the car is not branded as a SALVAGE TITLE CAR and still has a clean record in terms of car is still able to be fixed under X amount of dollars before going into loss.
meaning if the car costs 4 thousand to fix TECHNICALLY speaking the depreciation on the car will be the total amount of the parts needed to fix the car plus half the labour.
so for example if it costs 4 thousand and it costed 1500 for the parts then it would be 1500 plus 1250 which is half of 2500 from the labour.
so the total depreciation is 2750 dollars. thats ASSUMING the car is not branded as a SALVAGE TITLE CAR and still has a clean record in terms of car is still able to be fixed under X amount of dollars before going into loss.
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