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These figures are an approximate guide to use for estimating how much
to deduct from book value for painting or body work, but are dependent on how
well the repair and the paint job is done. None of these amounts are an absolute
rule-of-thumb. They represent a starting point of reference. When very high end
cars are considered these numbers may differ, according to the repair costs which
tend to be much higher. It is important to realize that no concrete rules exist
when it comes to used cars. Everything is a judgment call. Sometimes, no deductions
will be made on an older, inexpensive car if the repairs are done well. The figures
should be used only to help the buyer “ballpark” the car’s value.
Paint work
If the car is repainted on one or two panels, 3 years old or less deduct $200-$400,
3 years old or older, there is almost no difference and depends upon the quality
of the paint job.
If the car is repainted on more than two panels, such as a whole side or the whole
nose, 3 years old or less could effect the price by $400-$800, 3 years old or
older could effect the price by $200-$600.
If the car is completely repainted, 3 years old or less and a very good paint
job %500-$1000, if not a good job deduct $1000-$1500, if car is completely repainted
3 years old or more, $300-$1000 depending on the quality of paint job.
Replaced
Parts
- Hood - The price would be effected by $200-$400;
- Fenders - $200-$500, depending on how well it was put together and how well
it was painted;
- Entire nose replacement consist of the hood of two fenders, and may effect
the price by %500-%1000;
- Back Quarter Panel - deduct $200-$500;
- Doors - allows $100-$200 deduction;
- Whole Back End - two quarter panels and the deck lid - $400-$800;
Estimating
Frame Damage
When a car's frame s damaged, the price will change a lot ! It may effect the
price from $500 -$3500 or more on an average car. This effect depends on how well
the repair was done, how much of the frame was damaged, how hard the car was hit,
and how much the car is worth. Always try to stay away from buying cars with big
frame damage, but if you really need that car, it should be much cheaper than
wholesale value.
If you detect paint work on a car, you need to find out why the work was done.
Was it due to an accident or simply spruce up some scratches or minor damage like
nicks and dents. What you're ultimately concerned with is whether the body part
itself is original or it has been replaced. That will tell you how much the car
is damaged, and will allow deduction below wholesale value.
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