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Yes damage can and usually does affect the value of a car at time of sale. However, some damage can be repaired, for a fee. The difference between fair and excellent is that excellent can be considered "as good as new" displaying minor, if any, wear and tear other then normal. Fair condition usually indicates that there may be some minor damage, cosmetic or mechanical. The scale is normally as follows: excellent, good, fair, poor. Hope this helps

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