Get CARFAX Reports

How Hidden Damage Can Affect Used Car Values

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.

[Read: 4 Vehicle History Factors That Impact Car Value]

By checking a vehicle’s CARFAX Vehicle History 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 history. 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.

3 thoughts on “How Hidden Damage Can Affect Used Car Values”

  1. I bought a 2001 Ford Focus from a dealer. He said the only thing the car needed was a tune-up. Within 3 weeks the car was overheating. I took it back to the dealer and he didn’t even look at the car, just said the antifreeze needed “topped off”.Within 2 weeks the car was overheating again. I took the car to a certified mechanic and he put the car on the lift and ran pressure tests. He said the head gasket was blown and because of that the antifreeze could not cool the engine. I was led to believe the car only needed a tune-up. I would never have paid $1400.00 cash for a 2001 vehicle with a blown head gasket. I am retired and living on a fixed budget. I cannot afford to have the repair made to this car (it will be more than the car is worth). I feel I have been defrauded. I have read about a “merchantability” implied warranty and wondered if this could be used to require the dealer to repair the vehicle or refund the $1400.00?

Leave a Reply

Your email address will not be published. Required fields are marked *