Here is the situation, I have a 2005 Honda Accord LX-V6 that has some scratches, but also has low km, so I figure it should be worth ~$12k if I get the hail damage fixed. However the hail damage it has is pretty minor, roughly 5 minor dents to the untrained eye (the estimater picked out a lot more). If I get it fixed, it will be through PDR, so the scrathches will still be there.
Alternatively I could take $5K of cash (couldn't believe the estimate they gave me to fix it).
The benefit to the cash settlement is that I would only be into the car $7k, and it could become my winter beater (I still enjoy driving it).
The downside is that the car would no longer be eligible for hail insurance...but I am not too concerned about that as I haven't had hail damage for a very long time, so I am willing to risk it.
If I did decide to sell the car, I obviously wouldn't get $12k, but I would expect that I would get more than $7K (I would disclose to the buyer it would no longer be eligible for hail insurance.
What are your opinions?
Thanks