If your car meets with an accident and the amount of damage is beyond repair, then your car is considered in the ‘wrecked’ category. If you want to sell damaged cars, there are a lot of things that you need to focus in order to get a significant amount of money out of it. Your analysis would involve in measuring the damage of the car to finding the best stores that deal in buying damaged cars.
This article contains three major factors which you need to consider before actually selling your damaged car and it will also help you in deciding whether you can earn any profit in selling the wrecked car –
- Analyzing the amount of damage your car has suffered
- Analyzing the cost involved to repair the damages
- Analyzing the value, you would obtain from selling the wrecked car
Analyzing the amount of damage your car has suffered
This would be a critical step from your end, wherein you have to analyze the damages and whether they can be repaired. If there are chances of the damaged to be repaired to a significant extent, we would advise you to repair the car. In order to proceed to repair the car, you must have to ensure that it covers your insurance policies.
Firstly, it is crucial for you to have the car insured to deal with situations like these. If an accident occurs leading to severe car damage, it is necessary for you to first contact your car insurer and make sure to get the declared asset from your insurer. The process is easy from the insurer’s end as the insurer will send an executive who is responsible for analyzing the present situation of the car and determining the money is required to be spent for repairing purposes. If the amount of money required for repairing purposes is more than the price of the car, then the client would receive the significant amount of money from the insurer and the car is considered to be declared as totaled. The damage level declared by the insurer depends from organization to organization. All these processes will help you to determine the actual damage caused to your car.
Analyzing the cost involved to repair the damages
Once the insurer comes to your place and determines the actual costs, we would advise you to take your car to the nearest service centers and seek their advice. If you are not willing to sell your wrecked car and wish to repair it, do not claim the insurance amount. Usually, most of the insurance companies do not process the total declared claims, due to several reasons. If you wish to get the repaired using your money, with the assumption that the money you receive from the insurer’s end would not help you in buying a new car, probably consulting a local mechanic would be a better option for you. Analyzing the cost involved in repairing your car damages is also equivalently important for you to focus. You must know what type of damages your car has suffered and whether the same part can be replaced. If you are not looking to buy a new car and use your old car, ought to get it repaired.
Analyzing the value, you would obtain from selling the wrecked car
If you are looking to sell the car, it becomes important for you to understand the level, the damage your car has suffered and whether you can repair it to some extent, to sell it. It’s important for you to contact the relevant set of people or dealers who deal in selling wrecked cars. They would help you in determining an approximate estimate if you are looking to sell your wrecked car. They can also help you in getting in touch with people who buy these types of car to use them for several other purposes.
If your car is severely damaged, you have to sell your car to any junkyard in scrap to obtain some good amount of money. The wrecked car dealers can also assist you in finding some of the best junkyard dealers who are in search of buying wrecked cars. You can also research from your end to contact junkyards or second-hand cars buying companies or licensed dealerships to get an estimate. You can search for licensed car dealerships who deal with these types of damaged cars by searching on the website link provided. Upon getting an estimate, you can decide whether to sell your car or keep it with you without repairing it. Not necessarily all the dealers dealing with the wrecked cars would give you a reasonble estimate, so it is important for you to analyze the price of your wrecked car as per the current market standards.
