A wrecked car that has been damaged significantly so much that it is pointless to get it repaired then it is declared as totaled. In other words, its repair cost comes out to be a lot more than its actual cost. Whosoever experience this mishap might want to sell their wrecked car as soon as possible. Selling a totaled car is not easy at all as it requires a certain amount of knowledge about the state rules and laws to sell it. This helps in keeping the seller away from legal conflicts. One can easily sell car for cash today as there are many car buying companies which not only buy cars in any condition but also guide you about the right process to do it.
Here we are to help you understand the right process to sell your totaled vehicle.
- First of all the seller should have a clear idea that the wrecked car they own is a totaled vehicle. To have solid proof about whether the car is totaled or not, ask your insurance company to send someone who can inspect your car and declare if it can be regarded as totaled or not. Totaled is the term which is generally used by the insurance companies, this title tells that the repair cost of the car is quite higher than its actual cost.
- Once the car is declared totaled by the insurer, then it can be sold to the insurance company also. Once the owner receives the money for the car from the insurance company for selling it to them, then the company has full right to do whatever they want to do with the salvage car. The insurer pays the car owner and now the salvage car completely belongs to the company.
- Get a salvage certificate from the motor vehicle department for the old car title. Once declared as salvage the car will remain salvage, no matter how many repairs it goes through.
- Now you can sell your car to any car buying dealerships who buy totaled cars. You can also sell your car to a third party. However, it is difficult to sell totaled car to a third party because of its increased insurance price. If you do not succeed in selling the car to any of them then you always have an option to scrap your car or donate it.
Best way to keep totaled cars
You have a wrecked car with damage exceeding seventy percent, then your car comes in the totaled category. Sometimes the car can be considered as a total loss for damage below seventy percent also. This totally depends on the insurance company threshold and the state laws. If you feel that some amount of repair can make wonders, and your car can be again a normal car, then you can try to convince the insurer for the same. For this purpose, you just need to have proper evidence to reprieve your car. If you are very much attached to your car and you fail to prove yourself right, then also you can keep your car with yourself. The insurer will give its client the necessary amount for the car after deducting the amount due to the company and also the amount for which the car could be sold to a junkyard. Keeping a totaled car is not an issue unless you are fully sure that it is safe to drive it. Sometimes all the damage in the vehicle are not visible and it requires time and money to keep a badly damaged car back on the track. If you are still ready to bear this pain then do get your totaled car insured for at least the minimum coverage you can get.
Although it is your choice whether you want to sell car for cash or you want to keep it with yourself but it can be justified that the idea to sell wrecked car is better than keeping it. Instead of going deep into your pockets for the costly repairs, selling it for cash is a better deal. Sellthecars.com gives best offers for 2002 and newer cars in any condition. Here you can request an online quote for your car which is free of cost. The price is discussed by the company with its client and once the deal is finalized the car is picked up by the company’s agent and the client receives the payment on the same day.