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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: 2004
Make: Toyota
Model: Camry
City: Orlando
State: Florida
Zip Code: 32837
Mileage: 245,000
Trim:
Cash Offer/Worth: $550.00

Year: 2006
Make: Honda
Model: Odyssey
City: Greentown
State: Maryland
Zip Code: 20876
Mileage: 120,000
Trim: EX-L
Cash Offer/Worth: $1,500.00

Year: 2010
Make: Mercedes-Benz
Model: E Class
City: Easton
State: Pennsylvania
Zip Code: 18040
Mileage: 57,000
Trim: E350
Cash Offer/Worth: $7,150.00

Year: 2006
Make: Toyota
Model: Corolla
City: Belleville
State: New Jersey
Zip Code: 07109
Mileage: 102,000
Trim: CE
Cash Offer/Worth: $525.00

Year: 2005
Make: Honda
Model: Civic
City: Moreno valley
State: California
Zip Code: 92557
Mileage: 189,000
Trim: LX
Cash Offer/Worth: $450.00

Year: 2007
Make: Mercedes-Benz
Model: C Class
City: Montclair
State: California
Zip Code: 91763
Mileage: 100,000
Trim: C230
Cash Offer/Worth: $825.00

Year: 1998
Make: Toyota
Model: Tacoma
City: Cave creek
State: Arizona
Zip Code: 85331
Mileage: 170,000
Trim: Base
Cash Offer/Worth: $1,250.00

Year: 2002
Make: Honda
Model: CR-V
City: Chattanooga
State: Tennessee
Zip Code: 37404
Mileage: 290,000
Trim: EX
Cash Offer/Worth: $485.00

Year: 2005
Make: Toyota
Model: Sienna
City: Plymouth
State: Massachusetts
Zip Code: 02360
Mileage: 174,000
Trim: LE
Cash Offer/Worth: $625.00

Year: 2007
Make: Honda
Model: Accord
City: Pemberton
State: New Jersey
Zip Code: 08068
Mileage: 284,000
Trim: EX
Cash Offer/Worth: $500.00

Year: 2007
Make: Honda
Model: Pilot
City: West union
State: West Virginia
Zip Code: 26456
Mileage: 150,000
Trim: EXL-NAVI
Cash Offer/Worth: $1,350.00

Year: 2004
Make: Toyota
Model: Camry
City: Mulberry
State: Florida
Zip Code: 33860
Mileage: 150,000
Trim: LE
Cash Offer/Worth: $500.00

Year: 2003
Make: Toyota
Model: Camry
City: Bluffton
State: South Carolina
Zip Code: 29910
Mileage: 130,000
Trim: XLE
Cash Offer/Worth: $500.00

Year: 2006
Make: Honda
Model: Accord
City: Anoka
State: Minnesota
Zip Code: 55303
Mileage: 250,000
Trim: LX
Cash Offer/Worth: $500.00

Year: 2003
Make: Toyota
Model: Matrix
City: Cordova
State: Tennessee
Zip Code: 38016
Mileage: 170,000
Trim: Base
Cash Offer/Worth: $500.00

Year: 1994
Make: Toyota
Model: Pickup
City: Covina
State: California
Zip Code: 91724
Mileage: 151,000
Trim: Base
Cash Offer/Worth: $500.00

Year: 2002
Make: Toyota
Model: Camry
City: Chattanooga
State: Tennessee
Zip Code: 37415
Mileage: 125,000
Trim: LE
Cash Offer/Worth: $675.00

Year: 2001
Make: Toyota
Model: Highlander
City: Elmont
State: New York
Zip Code: 11003
Mileage: 199,000
Trim: Base
Cash Offer/Worth: $1,350.00

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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.