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#1
04-24-2025, 11:07 PM
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CARFAX report devalues your car
When a vehicle has an insurance claim it will show up on Carfax report and will devalue the car at trade in time Correct ?????
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#2
04-24-2025, 11:38 PM
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Absolutely
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69 Camaros, 69-70 Chevelles, and in particular special paint cars.
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#4
04-25-2025, 07:44 AM
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My 2024 Silverado was hit while parked (corner of front bumper scraped) luckily i saw it happen, and their insurance will pay to repair but when i trade it in in 2 years the dealer will see the Carfax report and what will happen to the value of the trade
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#5
04-25-2025, 10:48 AM
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Quote:
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#6
04-25-2025, 11:55 AM
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I believe damage that is not paid by insurance will not be reported to Carfax.
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| The Following User Says Thank You to TimG For This Useful Post: | ||
John Brown (04-25-2025) | ||
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#7
04-25-2025, 12:13 PM
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Damage was paid for by the persons insurance company that hit my truck, so who is responsible for the devaluation of my truck at trade in time, I guess i have to take the hit on it.
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#8
04-25-2025, 12:38 PM
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Yes carfax can be frustrating. When it first came out I used it to check history of used vehicles i was buying from private owners. In those cases, it did save me more than once. On the other side of it is the issue you bring up, along with numerous inaccurate reporting that show up. Getting those corrected can be brain damage. I am currently going through that now.
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#9
04-25-2025, 01:33 PM
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If it's minor damage (like what happened to your truck) and it's fixed properly, it's not going to diminish the value.
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Bill Pritchard 73 Camaro RS Z28, L82, M20, C60
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| The Following 2 Users Say Thank You to Bill Pritchard For This Useful Post: | ||
47Hammer (04-26-2025), Ralph Spears (04-25-2025) | ||
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#10
04-25-2025, 04:50 PM
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20 years ago I bought a 1985 Olds Cutlass 442 from the original owner. Seller advertised it as 60,000 original miles. Carfax showed it as 60k. After buying the car. I found service records and a mileage log in the glove box showing the car had turned over. Car had 100k put on it in the first 4 years of its life. It looked ran and drove like a 60,000 mile car.
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'66 Corvette 427/390 orig paint '70 Chevelle SS454 4spd orig paint '72 Trans Am #'s 4 speed orig paint '73 Formula 455 SD orig paint '74 Formula 400 Ram Air '67 GTO 4 speed 35k miles orig paint '67 Grand Prix 4spd orig paint '66 2+2 convertible 421 8 lugs '67 Elcamino pro touring '21 Challenger Scat Pack WB '64 Malibu SS convertible Last edited by Formula455SD; 04-25-2025 at 04:55 PM.
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