What is a Damaged Salvage Car?
A damaged salvage car is a vehicle that has been involved in an accident where required repair costs are higher than the actual value of the car. Damaged salvage cars, also called total losses, are not uncommon. Yet when your insurance company tells you that your car is tagged as a total loss, trying to figure out what to do next can be rough.
The cost of repairing a car after an accident can skyrocket. It could range anywhere from a few hundred bucks to several thousand. So imagine if a $1,200-car ends up with $2,000 worth of damage from an accident. Insurance companies will label it a total loss and will not pay for repair. In this scenario, they provide you with a check for what the car is currently worth.
Is It Really a Total Loss?
Truth be told, not all cars that have been labeled a damaged salvage car are worthless cars. Imagine this: insurance won’t pay for dent repair because it would cost more than the car’s value. They tell you this after you’ve upgraded the engine and invested other parts into the car. Even though the insurance company tagged it a total loss, the car is still worth something in your view.
How Can I Get More For My Damaged Salvage Car?
If the amount the insurance company is willing to offer you isn’t enough, you can try selling your damaged salvage car for cash. The market for your damaged salvaged car will be different from that of a decent used car. Even so, you can still get a buyer for your damaged salvage car. Below are a few tips on how to do this:
Be Open and Honest
When trying to sell your damaged salvage car, being open and honest about the extent of the damage is extremely important. Give as much detail as possible about the damage so that buyers know upfront what they’re getting into.
Price It Right
Kelly Blue Book is one of the best places to get an estimate on the value of your car. While they won’t provide estimates for a damaged salvage car, you can get a ballpark estimate on the appropriate asking price. Try to price it attractively to gain more buyers.
Expect a Wait
Trying to sell a damaged salvage car to an individual buyer might take some time. The idea of buying a damaged car can be scary to some. And those who are interested may want to try and talk you down to what they believe to be a fair price. Thus, expect to wait a few weeks before you start getting prospective buyers.
Consider Junk Car Buyers
Junk car buyers like Sell My Car Online will offer car owners cash for their damaged salvage cars. It doesn’t require an extensive inspection of the vehicle nor does it require a lengthy process to receive cash. You simply contact the junk car removal company and give them information on your damaged salvage car. They give you a quote, set up a day for pick-up, and give you cash.
Damaged salvage cars can be a pain. Yet it is even more nerve-wracking when you’ve invested so much into a car only for it to be tagged as totaled later. It might be due to a dent, broken windshield, or damaged paint job. If you feel like you deserve more for your damaged salvage car, remember the tips above. You can also call Sell My Car Online today at (855) 929-0828 for more information.