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Salvage Value - How to Calculate Salvage Value

What is Auto Salvage Value?

After your car is damaged from an accident, it’s logical that it’ll be worth less than it was before the collision. But, it still has some value, which is known as its salvage value. The definition of auto salvage value is the value of a damaged car that isn’t going to be repaired because it’s a total loss (the cost of repairs outweigh the value of the car) or can’t be sufficiently be repaired. A car in this situation is often referred to as a salvage car or salvage vehicle.

When your car is declared to be a total loss or totaled by your insurance company, there are a couple of scenarios that can play out. First, the insurance company can pay out a settlement check for the actual cash value of the car pre-accident less any deductible. In that case, the insurance company takes ownership of your car. The second possibility is that you opt to keep your salvage car and sell it to DamagedCars.com.

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Salvage Value Formula

If you do opt to keep your salvage car, the insurance company will calculate the salvage value of your car and reduce any settlement payout by that amount. You’re essentially buying your salvage car from the insurance company.

Is there a clear salvage value formula? Well… no. There’s no easy, clear-cut formula for calculating a car’s salvage value, as there are quite a few variables at play. Pre-accident condition of your car, extent of damage, year, make, model, mileage, demand for parts from your car and your location will all have an impact on your car’s salvage value.

Salvage Value Calculator and Depreciation Calculator

So, if there’s no easy salvage value calculation, what’s your salvage car worth? At DamagedCars.com, we specialize in buying damaged cars and cars in less-than-perfect condition. Fill out the form on the left, and we’ll give you a quote on what your specific salvage vehicle is worth. There’s no fee for a quote and no fees if you choose to sell your car to DamagedCars.com.

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Do you know the salvage value of your wrecked car?

With DamagedCars.com you can keep your insurance check and sell your wrecked car for its full salvage value. Are you concerned about making extensive repairs? Can you profit by keeping your total loss car and selling it? The best solution is to get rid of your car by selling it to DamagedCars.com.

Why should you sell a wrecked or salavage car?

- Avoid expensive, lengthy repairs
- No worries about driving a wrecked and repaired car
- Sometimes taking the salvage value and your insurance check are a better value than selling a repaired car

Why should you sell a wrecked car to DamagedCars.com?

- Our professional staff will make you a great offer within hours
- We make all the arrangements for pick up at no cost to you
- You get rid of your car “as is” and get money for it on the spot

With convenient locations throughout the continental US, and our professional approach, we are able to make you an offer, take care of car removal and pay you within days of your decision to sell your car, so stop worrying about whether to repair your car. Get your full salvage value by contacting DamagedCars.com today.

To get a free quote just enter the basic information in our vehicle submission form.


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Recent Cash Offers & Salvage Cars Purchased:

Year: 2003
Make: Audi
Model: TT
City: Cary
State: North Carolina
Zip Code: 27511
Mileage: 136,000
Trim: Coupe Quattro
Cash Offer/Worth: $1,000.00

Year: 2008
Make: Honda
Model: Civic
City: Fayetteville
State: Texas
Zip Code: 78940
Mileage: 310,000
Trim: EX
Cash Offer/Worth: $700.00

Year: 2005
Make: Toyota
Model: Avalon
City: Poca
State: West Virginia
Zip Code: 25159
Mileage: 76,000
Trim: XLS
Cash Offer/Worth: $1,850.00

Year: 2008
Make: Mazda
Model: 3
City: Trophy Club
State: Texas
Zip Code: 76262
Mileage: 90,000
Trim: S
Cash Offer/Worth: $675.00

Year: 2005
Make: Mercedes-Benz
Model: E Class
City: Oxnard
State: California
Zip Code: 93033
Mileage: 142,000
Trim: E500
Cash Offer/Worth: $1,050.00

Year: 2009
Make: Mazda
Model: CX-7
City: harahan
State: Louisiana
Zip Code: 70123
Mileage: 132,000
Trim: Sport
Cash Offer/Worth: $2,050.00

Year: 2010
Make: Honda
Model: Civic
City: Indianapolis
State: Colorado
Zip Code: 46202
Mileage: 57,000
Trim: LX
Cash Offer/Worth: $2,650.00

Year: 2003
Make: Toyota
Model: Corolla
City: Escondido
State: California
Zip Code: 92025
Mileage: 215,000
Trim: CE
Cash Offer/Worth: $615.00

Year: 2002
Make: Toyota
Model: Camry
City: Santa ana
State: California
Zip Code: 92704
Mileage: 170,000
Trim:
Cash Offer/Worth: $850.00

Year: 2005
Make: Honda
Model: CR-V
City: Allendale
State: New Jersey
Zip Code: 07401
Mileage: 150,000
Trim:
Cash Offer/Worth: $1,020.00

Year: 2007
Make: Mazda
Model: MazdaSpeed6
City: Rohnert park
State: California
Zip Code: 94928
Mileage: 85,000
Trim: Grand Touring
Cash Offer/Worth: $1,600.00

Year: 2003
Make: Honda
Model: Pilot
City: Dalton
State: Ohio
Zip Code: 44618
Mileage: 187,000
Trim: EX
Cash Offer/Worth: $725.00

Year: 2005
Make: Toyota
Model: Camry
City: Lake mary
State: Florida
Zip Code: 32746
Mileage: 189,000
Trim: LE
Cash Offer/Worth: $1,250.00

Year: 2002
Make: Toyota
Model: Camry
City: Harbor city
State: California
Zip Code: 90710
Mileage: 255,000
Trim: LE
Cash Offer/Worth: $550.00

Year: 2005
Make: Honda
Model: Civic
City: Lebanon
State: Pennsylvania
Zip Code: 17042
Mileage: 196,000
Trim: Si
Cash Offer/Worth: $550.00

Year: 2011
Make: Toyota
Model: Highlander
City: Anaheim
State: California
Zip Code: 92804
Mileage: 63,000
Trim: Base
Cash Offer/Worth: $4,750.00

Year: 2003
Make: Toyota
Model: Corolla
City: Cleveland
State: Ohio
Zip Code: 44118
Mileage: 125,000
Trim: S
Cash Offer/Worth: $585.00

Year: 2011
Make: Toyota
Model: Prius
City: Brooklyn
State: New York
Zip Code: 11235
Mileage: 180,000
Trim: Two
Cash Offer/Worth: $2,500.00

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Frequently asked questions

How does DamagedCars.com decide the value or worth of my vehicle?

DamagedCars.com takes into account a variety of factors when making you an offer for your vehicle. For example, the wholesale value of your car pre-accident, the extent of damage or mechanical and electrical problems, the current market demand for your vehicle and its parts, its make, model, mileage and age all play a part of deciding the value of your vehicle.