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Salvage Value of Car

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.

Auto Salvage Value

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. Essentially, you’re selling your totaled car to the insurance company for whatever amount they feel it’s worth.

ONLINE CAR VALUE CHECK

The second possibility is that you opt to keep your salvage car and sell it to DamagedCars.com. The act of keeping your car after an insurance company declares it as “totaled” is called owner retention or salvage retention.

In cases of owner retention or salvage retention, the amount of the check that the insurance company will give you would likely be different from the amount they give you if they keep the vehicle. This is because when the auto insurance company keeps the vehicle, they pay you an amount comparable to the car's pre-accident value, whereas when you keep the car, they pay you a salvage value, or the value of the car with the accident damage taken into account.
 

Sell Your Salvage Car To Us

If you have a totaled vehicle, you might be wondering why it would make sense to keep it when it has such extensive damage. The answer is that you can sell it to a company that specializes in buying cars that have been deemed by insurance companies as being totaled. You sell it "as is" and don't have to deal with the hassle and major expense of trying to get the car repaired or driving a damaged car that is probably unsafe. Plus, while you have a check from the insurance company for the salvage value, you can also get a check from DamagedCars.com by selling the car to us.

DamagedCars.com is a fast, easy and secure way to Sell Your Car online. Sell your wrecked car with body damage or mechanical issues to us. No problem! Get a guaranteed offer and see how much your car is worth.

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Car Scrap Value

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.

Auto Salvage Value Calculator and Depreciation Calculator

So, if there’s no easy salvage value calculation and you want to sell your damaged car, you may be asking yourself "where can I find auto salvage near me so I can sell my car"?
No need to find an auto salvage yard. We can help. At DamagedCars.com, we specialize in buying damaged cars and cars in less-than-perfect condition. We’ll give you a quote on what your specific salvage vehicle is worth. Our offers are guaranteed. There are 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? No need. You can sell your car and put both checks toward a new one. Can you profit by keeping your total loss car and selling it? Yep. The best solution is to sell your salvage car to DamagedCars.com, and we can help you do exactly that.

Why should you sell a wrecked or salvage car?

There are some clear benefits to selling your broken-down, wrecked or salvage car to DamagedCars.com.
  • 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
  • A repaired car can lose up to 30-percent of its never-damaged value.

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

Why sell your car to us and not someone else?
  • 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 a check 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: 2006
Make: Honda
Model: Accord
City: Kansas city
State: Missouri
Zip Code: 64133
Mileage: 110,000
Trim: EX
Cash Offer/Worth: $410.00

Year: 2008
Make: Toyota
Model: Yaris
City: Phoenix
State: Arizona
Zip Code: 85004
Mileage: 170,000
Trim: Base
Cash Offer/Worth: $800.00

Year: 2008
Make: Mazda
Model: CX-7
City: Greensboro
State: North Carolina
Zip Code: 27407
Mileage: 75,000
Trim:
Cash Offer/Worth: $1,150.00

Year: 2006
Make: Mercedes-Benz
Model: CLK Class
City: Bronx
State: New York
Zip Code: 10466
Mileage: 93,000
Trim: CLK350
Cash Offer/Worth: $500.00

Year: 2006
Make: Honda
Model: Civic
City: Morgantown
State: West Virginia
Zip Code: 26505
Mileage: 100,000
Trim: Hybrid
Cash Offer/Worth: $550.00

Year: 2004
Make: Toyota
Model: Sienna
City: Windham
State: Maine
Zip Code: 04062
Mileage: 220,000
Trim: CE
Cash Offer/Worth: $600.00

Year: 2001
Make: Toyota
Model: Highlander
City: Bayville
State: New York
Zip Code: 11709
Mileage: 191,000
Trim:
Cash Offer/Worth: $1,100.00

Year: 2008
Make: Honda
Model: Civic
City: North Reading
State: Massachusetts
Zip Code: 01864
Mileage: 104,000
Trim: EX
Cash Offer/Worth: $850.00

Year: 2006
Make: Honda
Model: Element
City: Oswego
State: Illinois
Zip Code: 60543
Mileage: 155,000
Trim: EX
Cash Offer/Worth: $650.00

Year: 2007
Make: Toyota
Model: Camry
City: Greer
State: South Carolina
Zip Code: 29651
Mileage: 169,000
Trim: LE
Cash Offer/Worth: $1,000.00

Year: 2006
Make: Toyota
Model: Corolla
City: Milwaukee
State: Wisconsin
Zip Code: 53213
Mileage: 142,000
Trim: LE
Cash Offer/Worth: $500.00

Year: 2005
Make: Toyota
Model: Camry
City: Catonsville
State: Maryland
Zip Code: 21218
Mileage: 170,000
Trim: XLE
Cash Offer/Worth: $510.00

Year: 2000
Make: Toyota
Model: Tacoma
City: Redlands
State: California
Zip Code: 92374
Mileage: 220,000
Trim: Base
Cash Offer/Worth: $500.00

Year: 2002
Make: Toyota
Model: RAV4
City: Rocklin
State: California
Zip Code: 95765
Mileage: 55,000
Trim: Base
Cash Offer/Worth: $650.00

Year: 2006
Make: Toyota
Model: Sienna
City: Easton
State: Connecticut
Zip Code: 06612
Mileage: 127,000
Trim: XLE
Cash Offer/Worth: $1,200.00

Year: 2009
Make: Toyota
Model: Corolla
City: Milwaukee
State: Wisconsin
Zip Code: 53212
Mileage: 110,000
Trim: LE
Cash Offer/Worth: $1,500.00

Year: 2006
Make: Toyota
Model: Sienna
City: Riverside
State: Rhode Island
Zip Code: 02915
Mileage: 163,000
Trim: XLE Limited
Cash Offer/Worth: $1,725.00

Year: 2006
Make: Toyota
Model: Sienna
City: Morganville
State: New Jersey
Zip Code: 07751
Mileage: 160,000
Trim: LE
Cash Offer/Worth: $700.00

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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.