Before trading or selling your car after a major accident or natural disaster, you might want to find out how much it is worth as salvage. On a scale of 1 to 5, a serious accident that would rate as a 5.0 on an older automobile might rate as a 1.0 on a newer model with a higher price tag. Frequently, a serious collision or body damage from a natural disaster can spell the end for your beat-up commuter car if its value is less than the cost of repairs or the damage qualifies it as a total loss.
Natural calamities can also wreak havoc on a car, seriously damaging both the outside and interior. Following a natural disaster, such as a flood, hurricane, hailstorm, avalanche, or forest fire, for example, salvage title automobiles are fairly prevalent. You might wish to check to see whether your car has a salvage title.
Serious auto accidents occur frequently and can cause front-end collision damage, side impact damage, or rear impact damage, the latter of which may cause the vehicle’s steel structure to flex. Once the vehicle’s frame is bent, it will no longer operate as it was designed to and may experience severe tire, shock absorber, braking, and alignment problems for the remainder of its life.
Sadly, one serious car accident can turn a brand-new car into one with a salvage title. Insurance companies typically send salvage cars straight to the junkyards, but on occasion, owners who do not want to part with their cherished car may receive a salvage title, which can then be sold at auction or rebuilt to nearly factory standards and sold again to the general public.
Salvage Value of A Car
Calculating the salvage value of a car is simpler than you may think. The salvage value of any vehicle will vary depending on the state as well as the year, make, model and condition of the car. The following are the key elements for estimating the salvage value of your car:
- Use an industry resource to look up the retail and wholesale value of your vehicle.
- Add retail and wholesale value, then divide the sum by two to get the car’s current market value.
- Contact your auto insurance company for the percentage of market value that it uses for determining salvage value. The percentage can vary depending on the insurance company but, it is typically 75 % of market value.
- Multiply the car’s current market value determined earlier by 0.25 (1.00 minus 0.75) to find the salvage value of your car. Note, the result of this calculation will always be lower than the current market value of the car.
Sell Your Salvage Car
ZZ Auto Wreckers is among the greatest places to sell your salvage car for cash if you’re prepared to part with it. Our vehicle buyers offer some of the best salvage car cash offers in the country thanks to their years of expertise and current understanding of the local auto salvage market. Even though you can sell your salvaged car to a junkyard or other buyer, why would you want to deal with cleaning and towing your car? Cash For Cars handles all the paperwork and will make you a reasonable offer for your car’s salvage value.
If you are in Ballajura, Western Australia 6066, and looking to sell your car, below is the best way to visit us.
Contact Us
ZZ Auto Wreckers
55 Christable Way
Landsdale WA 6065
0481 202 202