2016 Scion iM (rebranded as Toyota Corolla iM since start of lease)
Lease end in June 2019
Car will have 36,000 miles
In June 2016, four days after driving the leased car off the lot, I was in a major accident. Luckily I walked away and the car was not totaled; I did not buy gap insurance. Toyota Collision Centers restored the car. The other driver paid for everything. Insurance adjuster told me I was within $1,000 of the car being deemed as totaled. Car runs perfectly. If you weren’t told it had been in an accident, you would never know.
In June 2019, the car will be turned in for end of lease. The contract states the buy-out and close out costs.
My question is:
Does the accident reduce the value of the car, in which case I should (try to) negotiate buying it for the adjusted value, not the buy-out amount listed? I would only want the car if I was getting a deal because it was in an accident and doesn’t have as much value to the dealer.