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Does A Automobile Lose It’s Value Even After A Small Paint Job?

we puchased a 2005 jaguar x-type vanden plas on ebay, dealer said it was fine, checked out fine on auto check but when we tried to switch insurance companies we were told the car had a $500 claim last year and also a $1,600 collision claim on it. when we brought it back to new york from florida my husband found where it had been repainted on the drivers side quarter panel. we know a jaguar repair can be quite expensive but i feel the dealer should have told us about it. we love the car but do you think we should ask for some money back. the dealer sells on e-bay and i know i can give him bad feedback. what does anyone think. could you please give me your educated opinion. thanks so much!!!!!!!!!! i forgot to mention that our original insurance never mentioned the collision claim when i added the jaguar to our policy. the reason we wanted to switch insurance companies is because we only had 5 days to get the car back to new york state for a picture inspection.