CAR-BUYING QUESTIONS
Is a used car with an accident on its history report a deal breaker?
Not necessarily. Minor fender benders that were repaired properly may have little effect on safety, though they can lower resale value. Ask for repair records and details about the damage, avoid cars with structural or airbag-deployment damage unless thoroughly vetted, and have an independent mechanic or body shop inspect it. Price should reflect the history compared with similar clean-history cars.
General information, not legal or financial advice; rules vary by state and lender.Related questions
- Will an accident on my car's history report lower my trade-in value?
- Should I get a pre-purchase inspection on a used car?
- What does one-owner, clean-title, no-accidents really guarantee?
- Should a teenager get a new or used car?
- Should I buy a used car from a private seller or a dealer?
- What is a vehicle history report?