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| Totaled Vehicle |
Being involved in a car
accident can be traumatizing and leave you wondering what to do with a totaled
car. When you add to it the stress of working with insurance carriers to figure
out what to do next, you will likely feel overwhelmed. There are a few different
options when your car is completely totaled and you may need to junk your car.
Cash for Junk Autos NJ would
like to offer some advise and options to dispose of your vehicle:
Take the Money
After an auto accident; your insurer or the driver at fault will let you know the value of the vehicle. Once the company knows the value of the car and the cost to make all the necessary repairs, the company will decide whether or not to deem the car totaled. The insurance company will write a check for the value of the car or the amount it will cost to fix the vehicle.
Every company has its own formula for declaring a car as totaled. All totaled cars aren’t what you may picture — smashed flat or burned to a crisp. Older cars with minor body damage may actually cost more to repair than the value of the car. You want to be aware of the insurance companies' policy, if they pay out the cost of the vehicle, do they let you keep the car? Each insurance company has their own policies - some dispose of the cars themselves, others just consider it a loss and let the customer keep the vehicle.
After an auto accident; your insurer or the driver at fault will let you know the value of the vehicle. Once the company knows the value of the car and the cost to make all the necessary repairs, the company will decide whether or not to deem the car totaled. The insurance company will write a check for the value of the car or the amount it will cost to fix the vehicle.
Every company has its own formula for declaring a car as totaled. All totaled cars aren’t what you may picture — smashed flat or burned to a crisp. Older cars with minor body damage may actually cost more to repair than the value of the car. You want to be aware of the insurance companies' policy, if they pay out the cost of the vehicle, do they let you keep the car? Each insurance company has their own policies - some dispose of the cars themselves, others just consider it a loss and let the customer keep the vehicle.
Keep the Car and Repair It
If your car can still be driven safely or towed to a repair shop, it might be smart to repair the vehicle. You don’t have to file an insurance claim. You can instead drive it with some damage and make necessary repairs on your own dime. This is especially smart if you have an older car where a claim likely won’t get you money you need to buy something that’s more reliable. Often at this point you should weigh your options of repair vs. junk your car Essex County NJ.
If your car can still be driven safely or towed to a repair shop, it might be smart to repair the vehicle. You don’t have to file an insurance claim. You can instead drive it with some damage and make necessary repairs on your own dime. This is especially smart if you have an older car where a claim likely won’t get you money you need to buy something that’s more reliable. Often at this point you should weigh your options of repair vs. junk your car Essex County NJ.
Sell Your Car to Junk Car Buyers NJYou can get cash for your totaled car if you sell it to junk car buyers. Make sure you find a junk car buyer that is licensed and will tow your car for free. Also take the time to learn the value of the car – some junk car buyers don’t pay top dollar. Here at Cash for Junk Autos NJ we pride ourselves on paying top dollar for junk cars Newark NJ.
Donate the Vehicle
Sometimes a scratch on the side of a car that you can barely see will require a paint job that costs thousands of dollars to look right. If your car runs okay and you can keep driving it because it has only cosmetic damage, you may opt to go ahead and donate the vehicle.
Cash for Junk Autos NJ partners with the American Children's Society and can provide a substantial tax write off depending on the vehicle. Give us a call at 973-699-6005 to learn more about donating your vehicle.
Saying good-bye to your car can be hard but you can still come out financially on top. Each of these options has pros and cons, so do your research before you decide what to do with your totaled car.
Cash For Junk Autos NJ -
Your Trusted Junk Car Buying Service in NJ - Providing Free Cash For Junk Cars
Quote in NJ.
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