Just because a car is totaled doesn’t mean that it can never be repaired again. Anything can be repaired if you are willing to invest enough time and money.

The big question is; Is it worth repairing? Another thing to ponder is whether the car will ever run properly again after restoration services. Or will hidden issues keep surfacing as time goes on?

We realize that you loved your ride but there are some times when it is better to simply let go rather than cling to something again.

Let’s take a look at what it means to scrap a car and what to do when your car has been deemed unfixable.

What Does it Mean to Total a Car?

When a car is “totaled” it usually means that the car is damaged to a point where the restoration costs will exceed the current value of the car.

Insurance companies use two common methods to determine when a car should be written off.

First, they will evaluate whether the damage exceeds a certain percentage of the actual cash value of the car. This figure may vary for different insurance companies. Usually, when the cost of repairs is about 75 – 90% of the car’s actual cash value, it will be declared as totaled.

There are some cases when the car still looks pretty good but the integrity and safety have been compromised. This usually includes frame damage, flooding damage, or fire damage. In these cases, the car might be totaled regardless of the cost of repairs.

What To Do After Totalling Your Car

Once your insurance company (or you if your car wasn’t insured) deemed the car a total loss, you will have several options to consider.

Claim from Insurance Company

If you are insured, you can claim the actual car value from the insurance company. The ownership of the totaled car will need to be transferred to the insurer and you can buy a new car with the payout fee.

Keep The Totaled Car

Some insurance companies will allow you to keep the totaled vehicle in exchange for a reduced settlement amount. They will usually deduct the salvage value from the settlement and you will be able to keep and do what you like with the damaged car.
Naturally, you will also keep your old car if you were never insured to begin with.

Buy Back and Repair or Resell Your Car Wreck

Insurance companies often allow you to negotiate and buy back your totaled vehicle after they settle the claim. In this case, you can choose to repair your totaled vehicle or resell it to see if you can make some more profits.

The Best Way To Sell A Totalled Car in Melbourne

If your car wasn’t insured or if you do decide to buy it back from the insurance company then the best alternative is to sell it.

Selling a car wreck can, however, be quite a challenge. Not too many people are willing to buy damaged

cars, especially since they will still need to take all the legal ownership transferring and registration steps even though the car is a non-runner.

The best way forward is to sell the car wreck to a scrap metal company or car wreck buyer. These types of companies will pay you based on the weight of the metal or based on the condition of the car.

Take Action and Move On

If it is time to move on then you should give Cash 4 Cars Melbourne a call. Our car wreck buyers are happy to buy your old car from you no matter how damaged it might be. We pay high rates for damaged cars and also offer free removal services and will come and collect the damaged car from your property.