What to Do With a Heavily Damaged Car in an Accident
Letting go of your “baby” is almost like letting go of an actual child for some car lovers out there. It’s understandable to be so attached to something that has participated in major moments and milestones in your life. Even it wasn’t a very pretty car or had a history of adversity, it’s extremely hard to simply start over from scratch with a new car. What if your car survived an accident, but received more damage than those who were inside? Is it worth latching onto your car when the Blue Book value and the cost of repairs do not add up?
If you’re asking yourself this question, then the vast majority of the time that answer is going to be a resounding “no”. If your car gets into an accident and is towed, you should be prepared to sell it off. Here is some advice on avoiding any more loss towards your investment.
Keep your Papers in Order
By keeping records of all the work you have had done to the car, you can get a better determination of how much value is left in the car after a major accident that renders the repair bill outside of your budget. This is extremely important, whether you salvage your car or take it to a mechanic for inspection. If your car does get towed right away at an accident, it will help you get a fair shake, rather than you taking whatever offer is given.
Is Your Car “totaled”?
Insurance companies deem a car “totaled” if the cost of repair exceeds the current market value. In all actuality, that limit is placed a bit under the car’s value, for good measure. When your car is in a wreck, your insurance provider may find it in their best interest to inspect the car and determine what they want to do with it. In some cases, the insurance company may want to cut you a check and salvage the car themselves.
If the car is deemed totaled, the best situation for you is to sell it to a wrecker directly, as the insurance company wants to make a profit themselves. Plus, the towing fees will be waived if you sell it to them, as well. What you never want to do, however, is to sit on a damaged car that cannot be driven and start losing money on storage fees.
To sum everything up, if you keep your paperwork in order, don’t panic in the event of a car wreck. Count your blessings that you or anyone else did not get seriously hurt, but do not procrastinate by wringing your hands over the loss of your beloved vehicle.
The best case scenario would be you having someone with you who is well-versed with cars and can recognise what is and isn’t salvageable with your car. If you do not have anyone who you can bring with you, then you must rely on the insurance company salvaging the car for you. Don’t hand over your title without finalising the sale. Once insurance guys have done their part, just call a wrecker and they will remove your car for free and if there is still any life left, they will pay cash for that car.
You can always reach out the car wreckers who care for you and are always ready to help you out in any way possible. We at Rapid Car Removal, we provide free advice to all who are in distress and don’t know what to do in the time of crisis.
Just give us a call and we will guide you step by step on how to recover from this loss.
About Rapid Car Removal
We are Melbourne’s largest car wreckers, we buy cars for cash throughout Melbourne region including Geelong and Mornington Peninsula. If you want to sell your car for cash and get free car removal then give us a call at 0438 942 754