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Author Topic: Does crash in history change value?  (Read 2653 times)

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March 26, 2014, 12:22:40 AM

Steve Blackdog

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Does crash in history change value?
« on: March 26, 2014, 12:22:40 AM »
Been looking at a nearly new Approved Used BMW- over 2 years warranty left.  Dealer has admitted that it had a shunt, causing some medium damage to front and rear.  I've seen some photos of the damage - it is obvious, but the car was still easily driveable.   I doubt it let the airbags off. The damage has been professionally repaired by BMW.  I've had a good look and can't see any sign of the damage or the repair.  It had a new bumper, the odd light fitting, new Kidney grille etc.  Looks good as new.

Would the crash history put you off buying the car?  If so, why?

Cheers

Steve

March 26, 2014, 06:31:40 AM
Reply #1

Denis O

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Re: Does crash in history change value?
« Reply #1 on: March 26, 2014, 06:31:40 AM »
Unless it's a write off (Cat C or D) why would anyone know. Can't for the life of me figure why the dealer would be so up front with that sort of info.

I would think, that if you buy a car that's more than a couple of years old, the chances are it's had some body/paint repairs.

So, insurance write off marks the retail price down by up to 50% and no write off status will sell for full retail.
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March 26, 2014, 07:51:36 AM
Reply #2

Nat

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Re: Does crash in history change value?
« Reply #2 on: March 26, 2014, 07:51:36 AM »
Absolutely.............100 % it will affect its price.

I would buy it but at the correct price.
If you had 2 identical cars , both are 40 K, you woud take the one that had not been in a crash all day long.
However if the crashed/repaired one was 30K then you have a choice to make.
The crash is on its record and will permanently blight it.

Basically It needs to be cheaper and just so you know it is my belief that a car that has been in an accident cannot be a BMW aproved used.

Regards,
Nat.

March 26, 2014, 08:02:30 AM
Reply #3

kjb1

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Re: Does crash in history change value?
« Reply #3 on: March 26, 2014, 08:02:30 AM »
Nat, a crash which wasn't a category write off would never show on a cars history.  Therefore unless you are very eagle eyed it would not affect its price as 90% of people could never spot repair work.

March 26, 2014, 09:10:19 AM
Reply #4

Steve Blackdog

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Re: Does crash in history change value?
« Reply #4 on: March 26, 2014, 09:10:19 AM »
Unless it's a write off (Cat C or D) why would anyone know. Can't for the life of me figure why the dealer would be so up front with that sort of info.

I would think, that if you buy a car that's more than a couple of years old, the chances are it's had some body/paint repairs.

So, insurance write off marks the retail price down by up to 50% and no write off status will sell for full retail.

The dealer told me because I specifically asked, if it had been involved in an accident - it wasn't a very serious question, but the dealer said "categorically not". Later they realised they had done repair work to it, so had to tell me "in case I found out later and came back to them".

It will be completely checked over and recertified as an approved used.

March 26, 2014, 12:37:06 PM
Reply #5

kenniff

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Re: Does crash in history change value?
« Reply #5 on: March 26, 2014, 12:37:06 PM »
Both dealers and private sellers are required to answer to the best of their knowledge when asked a direct question as was the case here.

Moreover, dealers (but not private sellers) are required to disclose (if they know or should have known) that a vehicle has been badly damaged and repaired, even if the prospective buyer doesn't ask. This requirement came in as a result of The Consumer Protection from Unfair Trading Regulations 2008 (CPRs). They contain a general prohibition against unfair commercial practices and, in particular prohibitions against misleading actions, misleading omissions and aggressive commercial practices.

It is of course hard to say precisely when undisclosed accident repair is serious enough to constitute a "misleading omission"; minor scrapes and graze repair obviously woudn't and write off type damage obviously would, but there's a lot of grey in between.

Therefore, severe accident damage that has been repaired could affect the price if buying from a dealer, as they should be disclosing the fact whether or not you ask the question. If buying the same vehicle from a private seller, it's up to you to ask and therefore might not affect the price if you don't ask.

In the case here, the dealer may have been taking the view that not disclosing the accident repair would not constitute a "misleading omission" (ultimately the Courts would decide whether they were right or wrong). Once the OP asked the question they need to give the proper answer - which indeed they did in the end.
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March 26, 2014, 02:48:30 PM
Reply #6

Nat

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Re: Does crash in history change value?
« Reply #6 on: March 26, 2014, 02:48:30 PM »
Nat, a crash which wasn't a category write off would never show on a cars history.  Therefore unless you are very eagle eyed it would not affect its price as 90% of people could never spot repair work.

CHALLENGE....................

It should and will show up on HPI if the repairs werte claimed for via an insurance company.

If it was subject of an insurance claim it will ALWAYS show up.

BMW should NOT be selling a car thats been in an accident. As for the disclaimer that they gtee that a car has not been a write off, its worth nothing to you in this case as you would still be buying a damage/repaired vehicle.
Are you telling me you would be happy buying a £ 70 k car that has had £50 K worth of work ?
I wouldnt.
And the fact that it wasn't written off, would keep you happy?

Walk away, these cars are not rare and there is no need to make any compromise on your car's integrity , unless you choose to go that route because of a price advantage.

It is the law, if you ask a dealer a direct question like " has this car ever been damaged " and they know it was and they lie and answer NO, then they are in serious trouble. Of course you have to prove you asked the question and they can just deny it.
Quick word document, print your questions on it and give them yes/no boxes to tick and sign at the bottom. Then give them a copy.
Thats what I do now, and much as it sounds like im an overcautious idiot, I do it because |I bought a BMW AUC car for a not inconsiderable sum of money and I was lied to and the car was sold to me with a load of pre existing faults and bmw customer services just didn't give a flying fcuk.
If it were to happen again , im straight down the court house and take both the dealers and manufacturers reputation with me via watch dog.

Anyway, I still think leave the car unless you have been given a very decent discount to reflect the cars history.
You have no gtee of the quality of the repair and who did it. BMW don't have their own repair centres, they are all subbed out. When they say its gone to an approved workshop it hasn't gone back to bmw whatever they tell you. Ive seen some shocking approved repairs in my time.

Regards,
Nat.


March 26, 2014, 03:24:41 PM
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Denis O

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Re: Does crash in history change value?
« Reply #7 on: March 26, 2014, 03:24:41 PM »
Nat, a crash which wasn't a category write off would never show on a cars history.  Therefore unless you are very eagle eyed it would not affect its price as 90% of people could never spot repair work.

CHALLENGE....................

It should and will show up on HPI if the repairs werte claimed for via an insurance company.

If it was subject of an insurance claim it will ALWAYS show up.


It will not show up on Hpi if there was an insurance claim. Only if the claim made the car a Cat C or D write off. Stop writing such guff and worrying people who know no different.
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March 26, 2014, 03:31:59 PM
Reply #8

kjb1

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Re: Does crash in history change value?
« Reply #8 on: March 26, 2014, 03:31:59 PM »
denis! agree 100%

March 26, 2014, 03:33:32 PM
Reply #9

kjb1

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Re: Does crash in history change value?
« Reply #9 on: March 26, 2014, 03:33:32 PM »
Nat Ive just read your post.  Sorry, utter nonsense.  You need to read up! you have no clue

March 27, 2014, 08:04:37 AM
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Nat

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Re: Does crash in history change value?
« Reply #10 on: March 27, 2014, 08:04:37 AM »

I am clueless then.
Was always only trying to help. You carry on and only check for write offs.

https://www.mycarcheck.com/

Thats why on the box in the rhs it says Write-off / Recorded accident damage.

It is possible to check claims other then write-offs.

Anyway I'm not on here for an argument, you do whatever you feel is right.

Good luck,
Regards,
Nat.

March 27, 2014, 08:50:21 AM
Reply #11

Reusch

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Re: Does crash in history change value?
« Reply #11 on: March 27, 2014, 08:50:21 AM »
To all the posters above c'mon a little banter is good don't get arsey with each other it's only opinions.
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March 27, 2014, 08:56:12 AM
Reply #12

Raj

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Re: Does crash in history change value?
« Reply #12 on: March 27, 2014, 08:56:12 AM »
Most insurance claims are not noted for HPI, etc reports. It is down to the individual insurance company whether they note it as such.

Cat D is not classed as a write-off and can be used to categorise any accident damage depending upon costs of repair etc.

My wifes golf was marked as Cat D after I refused to allow for the third party insurance to pay for repairs when the value of the repairs was near 80% of the value. They paid out in full but subsequently sold it on to a garage who repaired it and sold it.

Cat C are vehicles subject to needing VOSA inspection before allowing the vehicle back on the road.

My X has been involved in 3 accidents (2 relatively minor and 1 a little more so) but all were paid for by insurance companies to be repaired. None show up on a HPI check I did myself. If every accident that a vehicle underwent was reported then the categorisation would become a little meaningless.

The first of the accidents I mentioned above was no damage other than a slight scuff to the bumper but as it was just after my huge respray work I wanted it perfect and the third party insurance company paid and reported it to my insurance company. No note of it on my HPI. Same with the other 2 even though they did a lot more damage.

So regarding the original post, as long as it was repaired properly and you are happy with such and the price is reflected for you then all good.

March 27, 2014, 08:57:30 AM
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Raj

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Re: Does crash in history change value?
« Reply #13 on: March 27, 2014, 08:57:30 AM »
To all the posters above c'mon a little banter is good don't get arsey with each other it's only opinions.

Agreed. Especially as you are all technically correct from which side of the fence you look at it.

March 27, 2014, 01:02:23 PM
Reply #14

kjb1

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Re: Does crash in history change value?
« Reply #14 on: March 27, 2014, 01:02:23 PM »


I am clueless then.
Was always only trying to help. You carry on and only check for write offs.

https://www.mycarcheck.com/

Thats why on the box in the rhs it says Write-off / Recorded accident damage.

It is possible to check claims other then write-offs.

Anyway I'm not on here for an argument, you do whatever you feel is right.

Good luck,
Regards,
Nat.

Write off / Recorded Accident damaged ?

If you are referring to that line then that is stating, either car has been written off in past, or cat d cat c cat b etc.  I know my X has had paint through its life on one side.  Nothing shows on my check when I did it.  Because it was not CAT etc.  Im not here to argue either, apologise if offended, but it's not what you think and people will read anything on Forums as Gospel.