Car valuation

Scott OuJanuary 2, 2009

Hi,

I have an question about used car valuation.

I have purchased an 2004 Audi A4 1.8T Quattro (under CPO) from Audi dealer in 2008 Augest.

I paid $28,100.

At that time, they told me this car does not have a damage that is over $2000.

However, it does. The previous owner has repaired the car at the Audi dealer shop which is the one I purchased from. This car had an repairement over $5000.

How does the huge repairement affact the value of the car?

and what the car should be worth when I purchase it?

Thank you very much,

Scott

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john_g

Was the work done correctly? If so then it has no effect on the cars value. One could in fact make a case for increasing the vehicles value at many levels.

    Bookmark   January 2, 2009 at 8:28AM
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Scott Ou

Hi John,

Right now, the car's steering is not in right position. it is more on right.

do you think the car still worth $28100, if the sales person has shown the damage history (over $5000 repair)?

    Bookmark   January 2, 2009 at 4:20PM
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