Here’s What To Do With A Car That Has Been Totaled

If your car has recently undergone an accident and it has been damaged or declared totaled by the insurance company then you can scrap your car for parts or sell it to a dealership. You can also sell your totaled vehicle to a junkyard or a salvage yard for cash. Junkyards often take all types of cars and offer cash for cars no title in Denver or cars that have been totaled.

If you have a vehicle in your possession that has been totaled then here is what you can do with your damaged vehicle.

Salvage your car

When the car has gone through an accident first find out if it is totaled in the first place. To do so contact your car insurance service provider to inspect the vehicle to determine if it is totaled. Once it is declared totaled, you can sell the car to the insurance company making it a salvage car. Some insurance companies buy the car and salvage it themselves, which means you don't have the right to sell it.

Now that the car is a salvage car, you can get a new title for the car by bringing it to the DMV office. After you receive the salvage certificate you can sell the car.

You can sell to a dealer

Selling your salvaged car to a dealership is probably the easiest way to sell your car. Find a car dealership in your area that deals with these types of cars and they will offer you cash in return. Dealerships often buy salvaged cars and use them for different purposes like resale, parts or sell them at auctions.

Junkyard 

The best way for selling a junk car in Colorado is to sell it to a junkyard. Even if your car is not in a running condition, you can still sell it to a junkyard and earn some quick cash. To sell a totaled vehicle to a junkyard vehicle you will need to have a salvage certificate. Look around a couple of junkyards to find a one that offers the best offer along with a towing service.

Sell to a private buyer

You can also sell your salvaged car to a private buyer as well, although this is not the easiest way to go about it. A lot of people are a little skeptical about buying cars with a salvage title and often are of the opinion that a salvaged car will never run right and is unsafe to drive. While this isn't necessarily true but it is hard to explain it to someone who has made up their mind about the car.

Sell for parts

You can also sell your car for parts. Take an inventory of all the salvageable parts in your car, anything that can earn you a couple of dimes. You can then take to eBay or similar sites to sell the parts or sell them to a local repair shop or salvage yard as well.

Try fixing it

Sometimes it happens that repairing a totaled vehicle is the best way to go about it, although you should count in factors like the value of your car, the deductible amount and the cost of repairs.

Say, for example, your car value is $5000 and your deductible amount is $1500, in such a case it may not make sense to claim insurance as the deductible will take away a big amount of money from the payout. In such a case, you want to check the repair costs and if it seems affordable then instead of claiming for insurance, pay for the repair yourself and beginning stowing money for your next car. This is a good option for those who have older model cars.

Donate to charity

If you are not looking for any cash compensation then you can consider donating it to a charity. But before you donate your car to a charity make sure to do your research as there many scam artists and third party scammers out there.

Donating your car to charity can add to tax deduction depending on the type of charity and the value of the car.