How Important is a car’s history? You slowly and carefully back into that narrow spot in the underground parking garage. You turn your head for a split second to see who’s honking their horn and SCRAAAAAAPE! The parking garage pillar now has a perfect sample of the Iridium Silver paint you pain-stakingly spent hours choosing in the dealership. You take it to your local body shop and have it fixed. They do an amazing job and it looks like new. You can’t even tell it was ever damaged. It looks the same or even better than it did before it was damaged. So, is your car now worth less? YES.
If a dealer was doing a trade-in appraisal on 2 exact same cars, year make and model, and the only difference is your encounter with the underground garage pillar, your vehicle will be valued 10% – 30% less.