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Multiple factors impact the value of your car. For example totaled car value will differ from a scrap value of a car. Scrap value depends on the scrap metal prices which in recent years went sharply down. The good news is that the salvage value of your car may be much higher than local scrap car prices.

Did you know?

Your car can lose up to 30% of its value if it's repaired after an accident, no matter how good the repair is. Save yourself the time and hassle of fixing your car and sell it as-is to We'll give you a guaranteed offer for your wrecked car, fast.

Get paid for your car in as little as 24 to 48 hours. Free Towing. No FEES!

Calculate Salvage Value of My Car

What is a Salvage Value?

Salvage Value of My CarAfter your car is damaged from an accident, 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 salvage value definition 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 resale worth of the car) or can’t be sufficiently repaired. A car in this situation is often referred to as a salvage car or salvage vehicle.

Auto Salvage Value

Totaled Car Value Calculation Process

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.


Avoid loss of car value after an accident. Don't fix it. Sell it.

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

How to Calculate Salvage Value of a Car?

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 car values of pre-accident automobiles, 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 Title 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 for cash that have been deemed by insurance companies as being totaled. In fact, we do work also directly with insurance companies to unload some of their salvage title cars. Don't settle for car scrap prices. 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 by selling the car to us. 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.

How to Sell a Salvage Title Car?

Enter vehicle details

By filling out our form with accurate information on, we can give you an instant offer on some vehicles or contact you with a guaranteed offer shortly after you click “Submit for Offer.”

Accept your Offer

Happy with the offer? Provide proof of ownership and we will schedule the pick-up of your car and deliver payment at the same time.

Get paid!

We will hand you a check during the car pick up.


Car Scrap Value

If you do opt to keep your salvage title car, the insurance company will use a depreciation method to calculate the residual 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, the 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. You'll have a lot to consider before you scrap your car.

Is there an Auto Salvage Value Calculator or Depreciation Calculator?

There isn’t a standard auto salvage value calculator, and the straight line depreciation method depends on that. But you still want to sell your damaged car. You may be asking yourself “where can I find an auto salvage yard near me so I can sell my car”?

No need to find scrap yards around you. We can help. At, 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

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Do you know the salvage value of your wrecked car?

With 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, and we can help you do exactly that.

Can I keep my car when it is a total loss?

If your car has been determined to be a total loss, then your car will be sold as salvage. In most states, you can retain salvage as the owner of the car. The insurance company will deduct the salvage value from your total loss settlement amount (the actual cash value). You can then sell the car as salvage on your own.

Why should you sell a wrecked or salvage car?

There are some clear benefits to selling your broken-down, wrecked or salvage car to

  • 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

Why sell your car to us and not a private party?

  • 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 today.

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

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Who is DamagedCars?

DamagedCars buys cars in less-than-perfect condition. We make the process easy and convenient by picking up your car without any charge to you. DamagedCars has over seven years of buying salvage cars, junk cars and even late-model cars, trucks, ...

What kind of cars does DamagedCars buy?

DamagedCars will purchase damaged vehicles of any type, including vehicles with physical or mechanical damage as well as junk cars.

Testimonials from Real Clients

I was skeptical of Damaged Cars because it was a company I was not familiar with and they pay with a check which I was uncomfortable with in a world where everyone is trying to screw you but after a lot of research and speaking with their kind reps I saw that it was a legit company with phenomenal reviews and A+ BBB rating.
Mike S. Los Angeles, CA
Damagedcars gave me a fair price for my wrecked car. I called for an estimate and in less than a week the car was towed and a check was in my hand. A great service and I highly recommend it for anyone that needs to sell a wrecked car quickly.
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I was very surprised at the ease of doing business with damaged cars. com. Super fast and they worked around my schedule. They even upped the sale price when i pointed out some positive features of the car I was selling. Very impressed. I would recommend them to anybody looking too get rid of a car.
Joe F. Miami, FL

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