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Fred's Auto Removal | Cash for Junk Cars Portland > Blog > Junk Car

Were you recently in a car crash and found out that the insurance company now considers your vehicle to be totaled? If so, in this article we will provide you with several tips you can use for selling a totaled vehicle.

What Is A Totaled Vehicle?

About one in seven car accident claims results in a “total”.[9] Except in extreme circumstances, a vehicle that has been written off will not be completely worthless. This is because such a vehicle will usually still contain salvageable used parts, or at a bare minimum will still have value as scrap metal. All that is required for a vehicle to be a write-off is that it would cost more to return to marketable condition than the market value it would then have. So a vehicle of low value may even be written off when fully roadworthy, for example due to damage to paintwork or upholstery.

A severely damaged automobile with repair costs greatly exceeding its value.

In many jurisdictions a vehicle designated as a total loss is sold by insurance companies to general public, auto dealers, auto brokers, or auto wreckers. The metrics insurance companies use to make the decision include the cost of the repairs needed plus the value of the remaining parts, added to the cost of reimbursing the driver for a rental while the car in question is repaired.[citation needed] If this figure exceeds the value of the car after it is repaired, the vehicle is deemed a total loss. In most jurisdictions, a decision by an insurer to write off a vehicle results in vehicle title branding, marking the car as “salvage” or (if repaired and re-inspected under subsequent ownership) “rebuilt”. If the vehicle is not severely damaged, however, it can be restored to its original condition. After a government approved inspection, the vehicle can be put back on the road. The inspection process may not attempt to assess the quality of the repairs.[10] This function will be relegated to a professional mechanic or inspector. However, if the vehicle is severely damaged as per standards set by state or provincial governments, the vehicle is dismantled by an auto wrecker and is sold as parts or scrapped.

Once a vehicle has been written off and repaired the vehicle may still lose value. Diminished value is the reduction in a vehicle’s market value occurring after a vehicle is wrecked and repaired, otherwise called accelerated depreciation. To collect diminished value after a car accident, insurance companies usually ask for a diminished value report.

Tip #1 – Sell Your Vehicle to A Car Dealership

In today’s world, there are many car dealerships in cities across the United States that purchase totaled vehicles because they take those totaled cars, trucks, or vans, strip all of their parts from them then use those parts on other vehicles.

Most dealers will typically give you a cash offer for your totaled vehicle or a credit that you could use towards purchasing another vehicle that they have on their lot.

Tip #2 – Private Party

Besides selling your totaled vehicle to a car dealership that purchased totaled vehicles, another option is to sell your totaled vehicle to a private party because most private buyers will strip the parts from your vehicle then sell what’s left for scrap.

Tip #3 – Scrap Yard

Last of all, another great way to sell your totaled vehicle is to sell it to a scrap yard. This is an excellent way to say goodbye to your totaled car, truck, van or RV with as little headaches as possible.

If you bring your totaled vehicle to a scrap yard or have them pick it up for you, make sure you have the registration and title of your vehicle ready because you don’t want there to be anything that could potentially stop a scrap yard from buying your totaled vehicle.

Sell My Insurance Car Portland We Buy Insurance Cars Portland Cash for Insurance Cars Portland

Contact Fred’s Auto Removal

Want to save the time, money and hassle of getting rid of selling your totaled vehicle? Sell it to Fred’s Auto Removal! We will take that vehicle off your hands and pay you cash for it! Learn more about how much your totaled vehicle is worth by calling us at (503) 810-3061 or connect with us online by clicking here.

 

 

 

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Are you planning on recycling your junk car or non-working vehicle? If so, you’ve come to the right place! At Fred’s Auto Removal we’ve been helping people get rid of their junk cars for years!

We’re a trusted source for getting rid of junk cars but sadly most people fall for scams every day and get taken advantage of by shady salvage yards who only want to make a quick buck. This is why in this article we will provide you with more information on what the most common scams are that auto salvage yards try to pull before you contact them.

Top Auto Salvage Yard Scams

Bait and Switch – Sadly, many companies will quote you one price for your vehicle over the phone then another price when the driver shows up! Don’t fall for this tactic. If the driver doesn’t pay you the exact amount that they quoted you when they show up then you should sell your vehicle to another company.

Delayed Payment – Never let an auto salvage yard take your vehicle away without paying you first. This is a recipe for disaster because once they have your vehicle, they have no motivation to pay you anything.

Subtracting the Cost of Towing – Another scam that many salvage yards try to pull is charging their customers to tow their junk vehicles away. Don’t let this happen to you! Towing should always be part of the total package! Never fall for a company that tries to charge you extra for towing because you may ultimately make nothing for your vehicle.

Valuing Your Junk Car at Nothing – Last, of all, another top scam that many salvage yards will try to pull is giving you a value of zero for your vehicle. That’s right! It’s not uncommon for some salvage companies to say that a vehicle is worth nothing because it’s so old. Don’t fall for this! Every vehicle is worth something and you never want your used car or truck to be towed away for nothing!

Contact Fred’s Auto Removal

Don’t fall for salvage yard scams! Contact Fred’s Auto Removal today by calling us at (503) 810-3061 or connect with us online.

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