Fair-Market Prices For Your Totaled Cars
Use our FREE Totaled Car Value Calculator to get the Salvage Value of your Total Loss Vehicle.
Fair-Market Prices For Your Totaled Cars
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If you’re not sure what to do after your car has been written off as totaled by the insurance company and you're asking "How much can I get for my totaled car?" this is the article for you.
We’re going to tell you exactly how to get a max offer for the total loss value of your car.
We understand that dealing with an accident and the aftermath of the event can be quite stressful, so we’ve created a service specifically designed to get cash for wrecked vehicles as quickly as possible!
This way, you can move on with your life, and continue on as if nothing ever happened.
Today we’re going to look at how you can use our totaled car value calculator to get more cash after your car is totaled.
Whether or not you are at fault for totaling your car, insurers have to calculate the replacement value of your car once you report serious damage. To do this, they’re going to consider the make, model and mileage of your vehicle. They’ll cross-reference comparable sales with the book value and determine the replacement value.
Once they've determined the actual cash value of your vehicle before the accident, they will cut you a check for the pre-accident value of the car — minus your deductible, of course.
At this point, they become the owner of your totaled car. They'll take the vehicle, put a salvage branding on the car's title and sell it at auction. However, there is sometimes an option known as “owner retention” whereby you can keep your old car and have the salvage value deducted from your payout.
Generally, yes. Each state has its own rules and regulations when comes to the total loss process and what insurance companies have to do to comply with the law. Some states allow you to get two checks for your totaled car — one comes from your insurance company and the second from the buyer of your wrecked vehicle.
This is where our online total loss car value calculator comes into play. When you're still figuring out what you want to do with your car, you can get a guaranteed, no-obligation quote for your vehicle from WeBuyTotaledCars in just 90 seconds. Since our total car price calculator takes all the details about your car into account, we may often get you a better offer for your vehicle than regular salvage yards might offer.
There is no simple total loss calculator or formula to determine what your totaled car is worth. Resources like Edmunds and Kelley Blue Book don't apply to non-running or damaged vehicles, so you're better off looking up local auctions to figure out what vehicles with similar makes and models go for. However, each car will have a different actual cash value depending on why it's totaled and what condition it's in.
Luckily, WeBuyTotaledCars has a sophisticated tool to determine your car's actual cash value in seconds. We'll take a comprehensive look at your vehicle's condition and examine current market rates in your area to find out what the best price you can get for it is. That way, once you're ready to sell the car, you know what it's really worth.
When you're trying to decide what to do with a totaled car, an offer from WeBuyTotaledCars can make that choice easier.
You can sell it! However, first you'll have to get your car back from your insurance company.
Contact your insurance agent and ask them for permission to buy your vehicle back. You'll still get a check from the insurance company, but along with the deductible, they'll also subtract any potential profits they expected to make for the vehicle by selling it at auction.
Depending on your insurer’s policy, if you elect for owner retention, then the vehicle might be towed directly to your home or property. You might also be responsible for transporting the totaled vehicle on your own, so make sure you’re clear on what to expect—and that you factor in towing costs, if any.
Once you take possession of the vehicle, you might need to get a salvage title to replace the original title, depending on your local laws and the rules of your state department of motor vehicles. Salvage titles are used to track vehicles that have suffered major damage or have been written off as a total loss by insurance companies.
Once you have both the vehicle and the properly-branded title, you can start hunting around for places to sell your car.
At this point, you’re free to sell the vehicle to a new buyer. While many people would think of taking their car to a local scrap yard, those can often be a waste of time. They’ll haggle, pressure you into selling or waste your time with lowball offers. You’re better off starting with our online total loss car value calculator to get a guaranteed online quote in less than two minutes. That way you get the freedom to shop around and peace of mind knowing you’ve got a guaranteed offer from one of the most reputable names in the industry.
Since there’s never any obligation to sell your car when you get an offer from WeBuyTotaledCars.com, you can use our total car cost calculator to keep tabs on the market value of your wrecked vehicle. If you’ve got a guaranteed quote from us just before getting into an accident that totals your car, you’ll have a basis for evaluating the price your insurers put on your car.
Of course, that offer will no longer be valid after your car has been in a major accident, but you’re always free to get another quote afterwards. In the last seven years alone, we’ve made over a million offers on all sorts of cars, pickup trucks, vans and SUVs in every condition. We’re dedicated to getting you the best possible offer for the fair market value of your vehicle, even if it’s totaled, wrecked or won’t even start.
It takes just 90 seconds to get an offer with us. When you're wondering how much you can get for your totaled car, we have the answer for you.
Selling your totaled car with us couldn't be easier. Our offers come with:
We can walk you through every step of the process to ensure that selling us your totaled car is as easy and fast as possible. We'll even tow your vehicle and provide on-the-spot payment in just 24-48 business hours. You can cash your check and move on with your life in just days.