How Hidden Damage Can Affect Used Car Values

Date posted: November 21, 2012

When looking to buy a used car it is important to know how much the car that you are interested in is worth. Many different factors determine vehicle value, for instance, the year the car was manufactured, the mileage, the number of owners, the type of owners, if it had been in an accident, etc. As a smart car buyer you want to know of there are any underlying incidents that the car has been involved in that are not obvious, such as flood damage. We want to help you learn how hidden damage can affect used car values.

To begin, you can do research that will help you make an educated decision on what the used car value is. A great resource to help you do that is ClearBook; they provide professional advice that helps determine specific car prices you are interested in.

After natural disasters hit parts of the country, it is possible that they may affect cars in that area. Be aware if a car has been transported from an area that has experienced a natural disaster. With storms often come heavy rainfall and flooding, which can seriously damage a car if it hasn’t been properly protected. One of the major problems that occurs is flood damage. There are several ways to protect yourself from purchasing a flood-damaged vehicle, and a helpful resource for flood damage education is CARFAX. Some easy things to check and watch out for is water damage inside the car in the form of silt, mud, or rust. Check if the upholstery inside the vehicle does not match or is loosely fitting, indicating that it has been replaced. Testing the car’s basic function ability such as the lights, windshield wipers, turn signals, radio, heater, and air conditioner help to show if it has experienced any trauma.

By checking a vehicle’s CARFAX Report, you will know more about the used car you are considering buying. If you are buying a car from a private party, it is especially important to protect yourself by checking the car’s CARFAX Vehicle History Report. CARFAX gives you as much information about a car’s history as is available. This will prepare you as much as possible to know how much the car is worth, and it will guide you to getting the best value for your money. If you find damage through further research it will decrease the vehicle’s value in conjunction with the level of unknown damage that is revealed.

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