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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: 2002
Make: Mercedes-Benz
Model: CL Class
City: Nashville
State: Tennessee
Zip Code: 37214
Mileage: 138,000
Trim: CL500
Cash Offer/Worth: $900.00

Year: 2004
Make: Toyota
Model: Camry
City: Acton
State: California
Zip Code: 93510
Mileage: 180,000
Trim: LE
Cash Offer/Worth: $675.00

Year: 2008
Make: Mazda
Model: Tribute
City: Royal Palm Beach
State: Florida
Zip Code: 33411
Mileage: 100,000
Trim: i
Cash Offer/Worth: $1,000.00

Year: 2006
Make: Honda
Model: CR-V
City: Grayslake
State: Illinois
Zip Code: 60030
Mileage: 187,000
Trim: SE
Cash Offer/Worth: $1,650.00

Year: 2006
Make: Toyota
Model: Tundra
City: Fort washington
State: Maryland
Zip Code: 20744
Mileage: 230,000
Trim: SR5
Cash Offer/Worth: $650.00

Year: 2008
Make: Honda
Model: Fit
City: Southwick
State: Massachusetts
Zip Code: 01077
Mileage: 165,000
Trim: Sport
Cash Offer/Worth: $1,000.00

Year: 2006
Make: Toyota
Model: Camry
City: Schaumburg
State: Illinois
Zip Code: 60194
Mileage: 150,000
Trim: LE
Cash Offer/Worth: $800.00

Year: 2005
Make: Toyota
Model: Camry
City: St Cloud
State: Minnesota
Zip Code: 56304
Mileage: 223,000
Trim: XLE
Cash Offer/Worth: $650.00

Year: 2002
Make: Toyota
Model: Camry
City: Jefferson
State: Georgia
Zip Code: 30549
Mileage: 195,000
Trim: XLE
Cash Offer/Worth: $650.00

Year: 2004
Make: Toyota
Model: Camry
City: Medina
State: Ohio
Zip Code: 44256
Mileage: 225,000
Trim:
Cash Offer/Worth: $450.00

Year: 2004
Make: Toyota
Model: Corolla
City: Charlotte
State: North Carolina
Zip Code: 28262
Mileage: 123,000
Trim: CE
Cash Offer/Worth: $500.00

Year: 2006
Make: Toyota
Model: 4Runner
City: Duxbury
State: Massachusetts
Zip Code: 02332
Mileage: 176,000
Trim: SR5
Cash Offer/Worth: $2,600.00

Year: 2005
Make: Toyota
Model: Camry
City: Irmo
State: South Carolina
Zip Code: 29063
Mileage: 99,000
Trim:
Cash Offer/Worth: $700.00

Year: 2005
Make: Toyota
Model: RAV4
City: Willingboro
State: New Jersey
Zip Code: 08046
Mileage: 297,000
Trim: Base
Cash Offer/Worth: $700.00

Year: 2001
Make: Toyota
Model: Highlander
City: Cedar rapids
State: Iowa
Zip Code: 52402
Mileage: 180,000
Trim: Base
Cash Offer/Worth: $500.00

Year: 2005
Make: Toyota
Model: Camry
City: Fort worth
State: Texas
Zip Code: 76133
Mileage: 186,000
Trim: SE
Cash Offer/Worth: $600.00

Year: 2007
Make: Toyota
Model: Prius
City: St. Augustine
State: Florida
Zip Code: 32086
Mileage: 175,000
Trim: Standard
Cash Offer/Worth: $850.00

Year: 2004
Make: Toyota
Model: Sienna
City: South lancaster
State: Massachusetts
Zip Code: 01523
Mileage: 186,000
Trim: LE
Cash Offer/Worth: $900.00

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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.