How much does an accident impact the value of a car? I am buying a 2021 BMW with a “minor” accident on carfax, 28k miles. It’s currently listed at KBB value, $35k. Can you usually get a discount for minor accidents or be grateful I’m getting a fair deal?

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Personally would never buy a used car for 35k… maybe only exception if it was a Toyota or Honda but bmw def not

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BMW certified pre-owned is the best. 5 years and unlimited miles. The standard warranty for a new one is 50k miles and 4 years. I drive an M3 and they’ve given me no push back on any sort of repairs (even a wheel bearing that was definitely caused by one of those car washes with the belts).

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Offer them a bit lower, saying the accident history will hurt resale value if you sell/trade in the future. Below avg KBB since the car had an accident seems reasonable to me

Dealerships are used to people negotiating price.

Are you getting an X3 by chance?
.... considering trading in my current ride for an X3 sometime soon

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Yes! I have been looking for a while. I’m buying and hoping to pass it to my daughter in a few years so I’m less concerned about resale and more concerned about if it’s a $500 or $2000 issue. Beautiful car.

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KBB values already are "Based on Good Condition or Better. Has some repairable cosmetic defects and is free of major mechanical problems". So I feel that would cover a car that had a minor accident in the past, assuming it is truly minor.

See if you can get a Carfax report, they sometimes have more details on the accidents like if it was in the front back etc of the car.

$35k is kind of a lot to pay for a used car but you do you.

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Run carfax on it. Usually tells you the accident

Only accidents that truly impair resale value are those that deploy the airbag. When this occurs they can no longer be "certified" by the dealership. Most minor accidents, particularly those involving late model/luxury vehicles are repaired by certified technicians using OEM parts.

Contact your insurance company and give them the VIN number. They will tell you if they would even provide coverage for the vehicle especially if it is titled as a recon (reconditioned) vehicle.

It was a minor accident, no title impact.

Minor accident could mean nothing. I was sitting in a red light and somebody backed into my front end going about 1 mph. That was a “minor accident“ that cost about $3500 to fix. So I would say if the owner knows what the accident was and it wasn’t bad you’re not going to get a much better deal.

I don’t know about minor versus medium versus major accidents and the value. It hits a car on, but I did have my car stolen last year and had to have some body work done on it and then I got rid of it and it was very very difficult to sell for what I would’ve normally got. Granted this was a Kia soul which does not have great resell value when it’s got the key start because of all the thefts but still it was very challenging to sell on places like Carvana, which would normally buy anything. So definitely try to bargain a bit more and at least get you know maybe you can get 1000 bucks off of it or something like that it’s worth a try. I hope you love your new car.

Forgive all my typos I wrote that with hands-free.

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