22 Lessons Learned:

What to do With a Totaled Car

This is the right place for anyone looking to learn more about the uses of a totalled car. When they total their car, most people panic since they do not know what to do with them. It is possible to raise funds for a new car from your totalled car even though you may not be able to drive it. Insurance companies will always do a flow up to see how much to offer in compensation for a totalled car. Insurance is not the only source of money as you can sell your car for more money. On this site, you will read more about this product and how you can make use of a totalled car. See here for more info.

Notify your insurance company. Your insurance company is likely to compensate you for the losses and you should, therefore, check with them if your car gets totalled. First, they analyse the situation to find the total cost of repairs and if they are going to repair it or if it is going to cost more than the value of the car. The total amount you getting compensation is determined by how your vehicle was totalled. Without collision coverage, the insurance company will not too much for you if you get into an accident. The first option that insurance companies will take is repairing your car, but they do prefer replacements if repairs are not possible. The compensation does not cover any loans you may have had on the car and paying them off is your responsibility.

Scrap the vehicle for cash. There is no easy way to get money for a totalled car than this. If scrapping a car is your only option, a company stops over to haul it for you. The company then melts your vehicle and makes money from selling the metal. Scrapping your totalled car should always be your last resort since you are not going to get much money from it.

Sell the car to an auto company. It is better to sell your car to an auto company as compared to scrapping it. Many different projects totalled cars are used for by auto companies. You can sell your car to a company that offers a good amount instead of being lowballed by a scrapyard. The size or shape of your car does not matter as there are some parts that auto companies can remove. While the company will get parts for other projects, they will pay you a better amount leaving both parties satisfied.