Who Buys Totaled Cars?

Who Buys Totaled Cars?

There are several groups that buy totaled cars. They include insurance companies, junk car buyers, salvage yards, auto part buyers, auto enthusiasts, mechanics, and individual buyers.

Sell Your Totaled Car to Your Insurance Provider

Who buys totaled cars? Your insurance company does. If you file an insurance claim because of an accident, the insurance company may label your car a total loss. When this happens, they will cut you a check for the actual value of your car. This may be the best option if your car has a high value. However, older models would obviously have a lower value to insurance companies, so owners might have better options.

Sell Your Totaled Car to Junk Car Buyers

Junk car buyers like Sell My Car Online will take care of all the hard work for you. If you want to remove the totaled car from your property and receive the best value for it, we will do it all for you and pay you cash the same day. Junk car buyers are interested in the recyclable materials on a totaled car. They provide decent rates and generally remove the vehicle at no additional cost to you.

Sell Your Totaled Car to a Salvage Yard

When wondering who buys totaled cars, one the first few things you may have thought of was a salvage yard. Depending on the car’s condition, the demand for it, and the number of working parts on it, a salvage yard may be willing to negotiate a price for you. Keep in mind though that it probably won’t be as much as the actual car value. If it’s undrivable, you will also have to pay for towing, which can lessen your profits.

Sell Your Totaled Car to a Used Auto Part Buyer

There are auto part buyers that are looking for popularly used parts. If the mechanical parts of your totaled car are in working order, you may be able to sell your junk car piece by piece. Search online for used car part buyers or contact your local junkyards to see if they need certain car parts.

Sell Your Totaled Car to an Auto Enthusiast

It’s difficult to get an average Joe to buy a totaled car as insurance and repair would be difficult. However, you’ll find more likely buyers in auto enthusiasts. They can fix it up or use some of its components to enhance a car they’re already working on.

Sell Your Totaled Car to a Mechanic

Mechanics are experts at car repairs, and those that seem costly to you may be a breeze for a mechanic. They can often repair and resell the totaled car at a profit or use the functional parts on another vehicle.

There is no shortage of options when it comes to finding buyers of totaled cars. If you’re looking to get rid of your totaled car, the above options are available to you. Be sure to do a comparison to see which is the most efficient, lucrative choice.

Decided that you’d rather sell your totaled car for cash to a junk car buyer near you? Give Sell My Car Online a call today at (855) 929-0828 for a quick estimate.