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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.

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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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Is your car, truck or van getting close to 100,000 miles and you’re debating if you should keep that vehicle, trade it in, or sell it for cash? If so, you’ve come to the right place!

In this article, we will provide you with important information on what happens to a car after it has 100,000 miles on the engine.

Engine Oil Leaks

One of the first things that you may see happen to your car once it reaches 100,000 miles is an engine oil leak. This is something that can happen to any engine because the older an engine gets it’s not uncommon for its seals to break down and oil can easily leak from the engine.

A solution to this problem is to purchase high mileage engine oil because most high mileage engine oil brands come with special additives that also condition the seals of your engine and stop oil leaks from occurring.

Radiator Fluid Leaks

As with your engine, it’s also possible for your vehicle to start leaking radiator fluid once it reaches the 100,000-mile marker.

To help prolong the life of your radiator it’s best to get your radiator fluid flushed at least once a year since this will also help to clean out any gunk that may have built up in your radiator over time.

Besides flushing your radiator, you should also consider replacing your radiator cap as well since this will also help to ensure that your radiator stays pressurized correctly.

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Watch Out for These Other Signs of Common Vehicle Wear

Besides the tips that we’ve provided for you in this article so far, you should also be on the lookout for other common signs of wear and tear when your vehicle passes 100,000 miles.

You should specifically be monitoring your engines hoses, belts, and other components to make sure that they are not breaking down once your vehicle passes 100,000 miles.

This can be easily done each time you check your oil. Monitoring the other parts in your engine for wear and tear can save you the hassle of getting stranded in your vehicle somewhere on the open road and the hassle of small repair developing into a major repair.

Is Your Car Dead? Sell It to Fred

Is your old car no longer working? If so, sell it to Fred’s Auto Removal by calling us at (503) 810-3061 or connect with us online by clicking here. We will pay you a fair cash offer and pick up your vehicle for no extra charge!

 

 

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