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Ill_Significance9716 OP t1_j3w9xfl wrote

Reply to comment by Thecomputerkid94 in Car damaged! Lack of management from Property owners. More info in comments by Ill_Significance9716

Wont that affect the carfax report and decrease the car value? (First time car owner)

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jim13101713 t1_j3wb8vy wrote

You should be able to go after management company for loss of value as well but your own insurance will usually not help with that.

Sometimes body shops report the damage/fix to carfax anyway, so not calling police or reporting to insurance does not necessarily help with this. Also, you should be honest when you sell the car regardless.

To this end - I would suggest getting quotes from Carvana etc. today for your car with an accident and without and save the screen shots. That would help you negotiate with management company for loss of value.

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TotoItsCallMtrRacing t1_j3zqvji wrote

Typically most police reports aren’t reported to CarFax. I have fallen victim of several hit and runs in this area. The ones are CarFax happen to only be the ones that the damage was repaired by a shop and not myself. As far as the loss of value, that would be a waste of time. That would mean you’d be able to do this for every accident if you were not at fault, that typically isn’t an outcome

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Thecomputerkid94 t1_j3waum7 wrote

There are several levels to a Carfax report. Something like this would show up as minor most likely. I'm not an expert with Carfax. Your other option would be talking to property management and asking them to pay for damages so it's not reported to your insurance. But that's up to you.

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Ill_Significance9716 OP t1_j3wbj0y wrote

That would be my preference to not report it to carfax. Before contacting the property management i wont to make sure i am not missing anything

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christinems4280 t1_j3wwacg wrote

You shouldn’t be trying to hide this happened. Your car loses value the minute you drive it off the lot. Insurance/police reports don’t report to Carfax. Body shops do. You should want to be honest when selling a vehicle (if you plan to).

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TotoItsCallMtrRacing t1_j3zrbwu wrote

Do things the right way and get it repaired at a quality shop (yes they will most likely report it to CarFax). With that being said, damage will show as minor and as long as it was a quality job you won’t take as much of a hit in value. Believe me, people who will appraise your car in the future can tell if it’s been in an accident, regardless of the records and especially if you repair it at a shitty shop

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calripkenjk t1_j3wpdax wrote

Even though it is minor, it will show up as an accident from the buyers perspective

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