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Does Repainting Your Car Devalue It?

I have noticed that some fellas turn their backs on a car they have shown interest to purchase the moment they hear that it has been repainted. Why is this so? Asides from the fear that the car in question may have been involved in an accident and had to be fixed and repainted, can't a car owner simply decide to re-spray his car (either maintaining the same colour or changing it) even when it is accident free?

What is your view?

I recently saw someone with his Bimmer 3 series and instantly i fell in love with it simply because of the colour - white. I am even looking at changing the colour of my E39 to white sometime soon...

source http://www.nairaland.com/2100422/does-repainting-car-devalue-it

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