Trade in value and previous accident?

Does anyone have any previous experiences with trading in a vehicle with an accident on the history? I am possibly looking at trading in my 2019 sr5 with the crazy high trade
prices currently, but im not sure how much of a hit ill take. Google is saying anywhere form 500 bucks to 25%, so who knows. I sure would like a gx460
Thanks.

 

You’ll just have to get local quotes, supply is low, so it varies greatly.

 

In a "normal" world, it would get a lowered value no matter how perfect the repair was. In todays market, who knows?

 

I know its definitely a tactic a dealer will use to lower the trade value a bit. I cant say for sure if theres a actual calculation out there though.

 

Put your vin into carmax, vroom etc

 

I do. I traded in my 2013 Ram when I bought my Tacoma. It had been in one accident. I still got more than I expected for it and this was in 2020 when used car prices were still normal-ish.

Make sure you get multiple quotes. Carmax gave me a quote for $2K less than what I eventually got from the Toyota dealership.

 

Really the only way to know is to get the trade-in value the dealer is willing to pay. I would agree with @gfk though - get an offer price from Carvana, Carmax, Vroom, etc, so when the inevitable lowball offer comes you can say "no problem, I'll just sell to Carmax for X".

I have fantasies about walking into my dealer just for shits and giggles and when the sales guy gives me a trade in value I'd say "oh wait, you didn't add in my $4,000 market adjustment"

 

this is what we did. Traded in my wife’s 2013 fit sport for a 2022 rav4. Had a quote from carmax in my back pocket for $12,800. Toyota offered $8,600 and wouldn’t budge. Went and sold it to carmax after

 

Just take it to as many dealers to get quotes as you can, and then compare those to the online quotes from Carmax, Carvana, etc. I did this when I sold a car a few years ago. Every dealer knocked it down several thousand because of a reported accident (it was minor). I wound up posting it online and sold it privately for what I expected (much higher than the quotes I received). Having the paperwork on the accident helps too, that way they know what was fixed and by whom.

 

Just depends if the accident(s), were reported, and recorded. all accidents, insurance providers, and shops, do not report to carfax type entities. Ski