What type of incident damage must be disclosed when selling a vehicle?

When selling a vehicle, it is essential to disclose incidents that significantly impact the integrity and value of the vehicle. Collision damage that exceeds $3,000 is particularly critical because it indicates substantial structural or mechanical issues that could affect the vehicle's safety and performance. Such significant damage can lead to concerns about the vehicle's long-term reliability and the potential for hidden problems, making this information crucial for prospective buyers.

In many jurisdictions, including under the guidelines set by organizations like OMVIC, sellers have a legal obligation to disclose material information about the vehicle's condition. Damage of this magnitude could alter a buyer's decision significantly, and failing to disclose it could lead to legal repercussions for the seller. Therefore, transparency regarding serious collision damage not only protects the buyer but also ensures compliance with disclosure regulations in the automotive sales industry.