CARFAX report devalues your car
 

When a vehicle has an insurance claim it will show up on Carfax report and will devalue the car at trade in time Correct ?????

Absolutely

Diminished value.

My 2024 Silverado was hit while parked (corner of front bumper scraped) luckily i saw it happen, and their insurance will pay to repair but when i trade it in in 2 years the dealer will see the Carfax report and what will happen to the value of the trade

You can always take a picture of the damage to document how minor the"accident" was

I believe damage that is not paid by insurance will not be reported to Carfax.

Damage was paid for by the persons insurance company that hit my truck, so who is responsible for the devaluation of my truck at trade in time, I guess i have to take the hit on it.

Yes carfax can be frustrating. When it first came out I used it to check history of used vehicles i was buying from private owners. In those cases, it did save me more than once. On the other side of it is the issue you bring up, along with numerous inaccurate reporting that show up. Getting those corrected can be brain damage. I am currently going through that now.

If it's minor damage (like what happened to your truck) and it's fixed properly, it's not going to diminish the value.

20 years ago I bought a 1985 Olds Cutlass 442 from the original owner. Seller advertised it as 60,000 original miles. Carfax showed it as 60k. After buying the car. I found service records and a mileage log in the glove box showing the car had turned over. Car had 100k put on it in the first 4 years of its life. It looked ran and drove like a 60,000 mile car.