There are a couple factors that go into cash value determination when you are looking to get cash for your junk car and your car is totaled. The most obvious one is the cost of the car when it is brand new, minus depreciation. However, there are other factors that are taken into the account as well. For example, what kind of damage did the car get when it was totaled? What was damaged when the car got totaled.. and other similar questions.
Additionally, if your car has aftermarket parts or accessories, those will be deducted from the cash value as well. For example, if you’re planning to sell your junk car for cash to 114 Auto Salvage, if you have an aftermarket catalytic converter we will deduct about $50-$100 dollars off your car’s original scrap price.
Your insurance company will also let you know how much it would cost to repair the car, and whether or not those repairs would be worth making. If it’s not worth it, it will probably be best to get cash for your junk car at 114 Auto Salvage.
In some cases, a totaled car may be worth more than its actual cash value to a yard like 114 Auto Salvage. This could happen if, for example, the car is very rare or has a high resale value. More likely than not, your car will probably be worth a lot less, especially if something like the engine or alternator was damaged. Make sure you have your insurance company and a trusted mechanic access the damage as well before junking your car for cash.
If you have a totaled car, it’s important to know what your options are. You may be able to get cash for the car from a junk car company like 114 Auto Salvage. We offer cash for junk cars of all types, and we’ll pay you top dollar for your vehicle.