How Does Body Damage Affect the Value of My Truck? But if your truck is beaten up, wrecked, damaged, rusty, scrap, deregistered or a combination of these things, that valuation won’t be correct. Those prices are meant for trucks with the average condition, not vehicles with body damage. So, how do you determine your truck’s value when it’s in below-average condition? One trick is to determine how many panels are damaged, multiply it by about $500, and take it off the Fair Market Value for your truck. Will Repairs Restore My Truck Values Too? You’d think that paying to have your truck fixed or completing an insurance claim will restore your truck values to pre-accident condition. Unfortunately, that’s not quite true. When body repairs are done, especially on an insurance claim, it’s reported on its vehicle history report. Repairs might bring up the selling price somewhat, but not the same amount as you’ll spend to fix it. Think about it as a comparison between your repaired truck ...