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by mlyle 359 days ago
Yes, but you also paid half the cost to acquire the car. You're just paying less in depreciation for the time you use it.
1 comments

My last car got minor hail damage across many panels, it was a difficult PDR for some reason - when I traded it in it was worth 1/4 what KBB would have been for a similar year and mileage without dents

Even trying to sell it myself for around 1/3 KBB "good" value took 2 months because the next buyer can't get financing on a car worth very little, so you have to find a cash buyer who doesn't care how their new ride looks. It's rare for anything other than $2,500 cars

> next buyer can't get financing on a car worth very little, so you have to find a cash buyer who doesn't care how their new ride looks.

The idea is to be the next buyer who is paying very little because of the hail damage.