A friend was driving my car (2008 honda fit) and was hit by a teenager (who thankfully has taken responsibility). The repairs, we just found out, total $8,400 (damage to the front end and major damage to the axle). The car is worth (per Kelly’s blue book) 9,000 for trade in or 10,500 for private sale. I’m inclined to fix it but am concerned that there may be additional problems with it after these repairs and I would be stuck with those costs because they may not be easily traceable back to the accident?
Also, does this accident affect future resale value if I did want to trade it in at some point in the future?
Should I have it repaired or take the cash and find another car?