If you've been in an accident and your car is totaled, it may seem like there's nothing for it but to sell the car as a parts vehicle. But if you know what to do, you might be able to get more money from insurance or a private buyer.
Getting a good offer for your totaled car isn't easy, but it's possible. Furthermore, getting the most money out of your totaled car will depend on where you live and what you do with it.
This article provides you need to know about “how to get the most money for your totaled car?”
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When your car is totaled, you have a few options. You can sell it for parts to make some money back, or you can scrap the vehicle altogether. Or, if you feel like gambling with your finances, you could try putting the wrecked car back on the road as what's called a rebuildable title or salvage title vehicle.
If you want to sell your totaled car for parts, they may not even need to reach out to an insurance company. Instead, you might be able to sell the vehicle directly to a junkyard if it still runs or can be easily fixed up. These days, there's almost always someone interested in buying perfectly good used vehicle parts, even when the vehicle in question is totaled.
If it doesn't run, though, or if there are more damaged areas than good ones, you might be better off trading your car to an insurance company for its salvage value. As an aside, it's very important to understand that totaled doesn't mean useless. Sure, your car might be beyond repair in terms of fixing it up to drive on the road again, but the parts are still perfectly good!
If you want to trade your totaled car directly to an insurance company for its salvage value, follow the steps below. That way, you'll know how to get the most money for your totaled car.
Since you're dealing with a totaled, broken car, your options for selling are very limited. However, there are some workarounds and options to consider, including:
Even if your car doesn't run, the parts are likely still very good. You can sell them individually or in bulk.
If you live in one of the states that allow vehicles with salvage/rebuildable titles to be legally driven on the road, then you can put your vehicle back on the road by getting it fixed up and re-titled. However, this is not an option if you live in California.
