How Much is My Wrecked Car Worth?

After your car is involved in a crash, your first thought might be to have it repaired. But if the total cost to repair your vehicle exceeds its actual market value, you might be better off taking the insurance check or selling it to a scrap yard. Continue reading to learn how much your wrecked car might be worth, and where you can sell it for cash on the spot.

Sell Us Your Wrecked Vehicle Today
Sell Us Your Wrecked Vehicle Today! 317-450-3721

Diminished Value in Cars

All vehicles begin to reduce in value as soon they are sold and driven off the lot, but the rate at which a vehicle diminishes in value depends on a wide range of factors. Often referred to as “diminution of value”, a vehicle’s diminished value is calculated by comparing the value of the car before the accident, to the value of the car after the accident. It is important to understand the difference between diminished value and depreciation, as they are not the same thing when it comes to cars. Depreciation refers to how much a car loses value over time.

There are three types of “diminution of value”, which include inherent, immediate, and repair-related. The most common type is inherent diminished value, but for car accidents, you will want to focus on immediate diminished value.

✅ Inherent Diminished Value – Loss of value as a result of damage over time.

✅ Immediate Diminished Value – Loss of value directly after damage occurs.

✅ Repair-Related Diminished Value – Loss of value following improper repairs.

How to Sell a Wrecked Car in Indianapolis

Earn fast cash for junk cars in Indianapolis by calling 317-450-3721 right now! You can reach a friendly office attendant anytime, day or night. Selling a junk car for cash is good for the environment, makes you money, and gets unsafe vehicles off the road. There are several advantages to selling a junk car, but let the cash tempt you the most! Request a free phone quote, today.

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Can I Sell My Junk Car in McCordsville, Indiana?

When you choose a junk car buyer who has a well-established and successful Indiana Cash for Cars Company, you really don’t have to worry about your area code when comes time to sell your junk car. As for McCordsville, there is a simple solution for getting paid the most for a junk car, and all it takes is a simple lift of a finger!

Continue reading to learn how to sell a junk car in McCordsville, Indiana.

McCordsville Junk Car Buyer 317-450-3721
McCordsville Junk Car Buyer 317-450-3721

Cash for Junk Cars in McCordsville, Indiana

As mentioned, your only real duty is to find a reputable cash for junk cars company in McCordsville, Indiana to work with. If you do, you can enjoy a wide range of customer amenities and conveniences that make the junk car selling process simpler than going grocery shopping! With just one phone call, you can receive a free offer, accept the offer, schedule a pickup time, and get your profit rolling!

You see, a good McCordsville junk car buyer will have a well-established complex and fleet of trucks, which means they can provide pickup and haul-away service for junk vehicles, free of charge. Many other junk car buyers will deduct a certain amount of money from their offer if they have to collect a junk car themselves. But this should never be the case! Simply choose a reputable business and never worry about how fair your profit is and how much effort you have to put into the process.

So Who Can You Trust for Junk Car Sales in Central Indiana?

Indianapolis Cash for Cars is your solution to fast, honest, and easy junk car sales in Central Indiana. As a division of Zore’s Inc., our family owned and operated umbrella company that started out as one singular towing and auto body business back in 1927, and has grown into the reputable and committed, multi-division enterprise we are today.

Our grounds are home to several sectors, including scrap metal recycling, towing and recovery, public auto auctions, auto parts store, and of course, an auto salvage yard. We have several convenient locations throughout Central Indiana, but if you can’t come to us, we’ll come to you! We provide FREE same-day pickup and haul away service for anyone who wishes to sell junk cars in McCordsville, Indiana! And best of all, getting started is simple!

How It Works:
➀ Acquire the Title
➁ Call 317-450-3721 or 1-888-U-Junk-It
➂ Get a Free Phone Quote
➃ Schedule a Time for Pick Up or Drop Off
➄ Upon Arrival, You Sign Over the Title
➅ Get Paid in Cash on the Spot!

Get Your Free Offer Today!

Call us at 317-450-3721 to receive your free offer for cash for cars in McCordsville, Indiana. You can reach a friendly office attendant anytime, day or night. Selling a junk car for cash is good for the environment, makes you money, and gets unsafe vehicles off the road. There are several advantages to selling a junk car, but let the cash tempt you the most! Request a free phone quote, today.

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What is a Car Title?

As a car owner, you need proof that you in fact own your vehicle. This is exactly what a car title does. It is a legal document that serves as evidence and proof of ownership of a vehicle. In some states, a car title is referred to as a pink slip. Continue reading to learn some pertinent facts about Indiana car titles, including how to replace a lost or stolen car title, and what your options are for selling a car without one.

Sell a Totaled Vehicle
Sell a Totaled Vehicle 317-450-3721

Source of Car Titles

Car titles are regulated and distributed by the Department of Motor Vehicles (DMV). You can visit a local branch of the Department of Motor Vehicles, also known as a Bureau of Motor Vehicles (BMV) when you need drivers’ license, registration, and car title services. There are dozens of locations in your city, so finding one is never a problem. Any major road-approved vehicle can be given a car title, including cars, trucks, SUV’s, vans, recreational vehicles, motorcycles, and even boats.

Title Transfers

When a car owner decides to sell their vehicle, they must transfer the car title over to the buyer once the transaction has been completed. This is referred to as signing over a car title, or more formally, a car title transfer. If you wish to sell your car, but you do not have a car title, you could run into some delays. A private buyer who intends on operating the vehicle will want a valid car title. Car titles also make your car worth more, so having one is best if you plan to sell for a profit.

To replace a lost or stolen car title, you will have to get in touch with your local drivers’ license branch. There, you will receive all the instructions needed to complete the paperwork, requirements, and deadlines. There is usually a fee for this process, so be prepared to send in a check or money order when filing for a duplicate car title. See our blog, “How to Replace a Lost Car Title” to learn the steps for getting started.

Rebuilt and Reconstructed Car Titles

In the case that your vehicle has been deemed totaled by the insurance company, it will be given a new titled called a salvaged title. Now, in the case that you wish to pay to have the vehicle repaired back to a non-totaled, road-approved condition, the DMV would issue a rebuilt car title, also known as a reconstructed car title. If you have a totaled car that was not covered by insurance, you might not be able to afford repairs in such a major way. In this case, you could sell your junk vehicle to an automotive salvage yard, even without a car title. It is possible for junk car buyers to accept other forms of documentation to prove ownership of a vehicle, such as the registration, insurance policy, or lien.

Where to Sell a Totaled Car in Indiana

You can sell a totaled car in Indianapolis in as little as one day! Simply call 317-450-3721 and ask for Bill if you want the best deal for your junk car. As a family owned and operated company that has done business in Indiana since 1927, you can trust that we offer the fairest and most honest returns for junk cars and vehicles!

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Is a Junk Car Worth More if it’s Heavier?

The profit you receive for your junk vehicle will depend on all sorts of factors, one of which being the current market value for the metals your junk car contains. Accordingly, the more metal in a car, the more it’s worth once it’s deemed a total loss. Although the market values fluctuate regularly, sometimes even daily, making it hard to predetermine how much a junk car is worth, you can count on the fact that the more metal in a junk car, the more value it has. This is especially true for junk cars that contain all its parts.  

Continue reading to learn how metal quantity can influence the money you make from selling a junk car.

Indianapolis Junk Car Buyers
Indianapolis Junk Car Buyers 317-450-3721

Valuable Metal in a Junk Car

Metals like copper, aluminum, and iron are present in junk cars. They are also high in demand, and less available in today’s mining economy, making their values higher than before. Precious metals are also high in economic value. The two most abundant precious metals found in a vehicle are gold and platinum. However, there are a few others in trace quantities.

A vehicle that still retains a catalytic converter is more valuable than one that does not because catalytic converters are primarily compounded of platinum. It also contains traces of other precious metals and valuable alloys, such as palladium, rhodium, cerium, manganese, and nickel. As for gold, you can find it in any vehicle that contains a computer or circuit board.

How Much Can You Get

Professional junk car buying companies do not use a concrete formula to appraise junk vehicles. Instead, junk car appraisers will use specific factors as well as the current metal prices to determine how much a car is worth and how much they can pay someone for it. One of the most influential factors is the amount of metal in a vehicle.

Typically, vehicles that are larger and weigh more have more metal, thus making them worth more money at a salvage yard. However, the process of determining how much a junk car is worth can be complicated since values vary depending on several other factors, such as the make and model of a vehicle, a vehicle’s location, a vehicle’s condition, and the current market prices for metal.

How to Learn More About Selling Junk Cars

Call 317-450-3721 to speak with our friendly Indianapolis junk car buyers about selling your totaled car, today! We are the reputable and reliable junk car removal company you are searching for! We have been in business for over 25 years and will give you best return for your junk vehicle or motorized commodity. We accept anything with a motor, regardless of age or condition. Just call 317-450-3721 to get started!

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Most Affordable Solutions for Car Engine Problems

The engine inside your car is basically the heart of the vehicle. Without a properly functioning engine, the rest of the systems within the car will slowly begin to fail, one by one, and then all at once. It is in your best interest to ensure your car engine is well maintained, otherwise, you might face the consequence of having to repair it or replace it, both of which will come with a hefty price tag. In fact, because engines are one of the most expensive automotive parts in a car, in some cases, a vehicle is deemed totaled by the insurance company because the cost to repair or replace the engine is more than the car’s current market value.

Continue reading to learn some helpful tips for resolving car engine problems on a budget.

Sell Us Your Totaled Car
Sell Us Your Totaled Car! 317-450-3721

Car Engine Repair

The amount of money it will cost to have your car engine repaired will depend on many factors, all of which will make the entire process stressful and inconvenient, from start to finish. Such factors include the car’s make and model, extent of damage or repaired needed, the cost of parts required for the repair, mechanic fees, and more. On average, the cost of car engine repair falls between $1000 and $4000, which is why so often, cars are deemed a total loss after suffering engine failures or defects.

Car Engine Replacement

Replacing a car engine can also be expensive, especially if you own a newer car and wish to buy a brand new engine. On average, you can expect to pay anywhere between $3,000 and $4,000 for a car that is 10 years old. Newer cars will be more, older cars will be less, and luxury and commercial-use vehicles are virtually twice the price. These costs do not even include the price you have to pay for installation and service. To save money, you can consider buying a used or rebuilt car engine.  Not only are they are less expensive than a brand new engine or vehicle, they are also just as reliable as a brand new one, and often times, still comes with a warranty. 

Totaled Cars

In the case that you cannot afford either of these options after discovering car engine problems, or your insurance company deems your car a total loss but offers you a tiny settlement, you might want to consider scrapping your vehicle for cash. In many cases, this can be quite profitable, and the best option for those experiencing serious engine troubles or high repair costs. Just be sure to choose an established and reputable company to do business with in order to get a fair deal.

How to Learn More About Totaled Cars

Call 317-450-3721 to speak with our friendly Indianapolis junk car buyers about selling your totaled car, today! We are the reputable and reliable junk car removal company you are searching for! We have been in business for over 25 years and will give you best return for your junk vehicle or motorized commodity. We accept anything with a motor, regardless of age or condition. Just call 317-450-3721 to get started!

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Have Questions About Selling a Junk Car?

Do you have questions about selling your junk car in Indiana? If so, you have come to the right place. We are junk car buying professionals who have served the Central Indiana areas with responsible and honest cash for cars service since 1927! Continue below to review some common questions our past clients have had about our services, and junk cars in general. After all, the more you know, the better prepared you are, which can mean more money in your pocket!

Indianapolis Junk Car Buyers 317-450-3721
Sell Us Your Junk Vehicle Today! 317-450-3721

What are Junk Cars?

A junk car is a total loss vehicle, which is a car that is so damaged that the cost to repair it is higher than the actual cash value at the time of the loss. However, this can apply to more than just vehicles. Any motorized vehicle can also be sold to a junk car buyer, such as motorbikes, motorcycles, ATVs, mopeds, tractors, lawn mowers, construction equipment, watercrafts, boats, jet skis, farming equipment, trailers, and anything that ran on fuel. Many buyers also accept automotive parts.

Here at Zore’s Inc., our Indianapolis Cash for Cars division accepts all make and model vehicles, regardless of age, condition, or amount of remaining parts. We also accept all other motorized commodities mentioned above!

Do I Need a Title to Sell a Junk Car?

Although having a title is not necessary, it does make a vehicle worth more because of the potential to resell. But a missing car title is nothing to worry about. You can replace a lost, stolen, or damaged car title by applying for a duplicate. If you looking for your title but can’t seem to find it, that’s not a problem for Zore’s Inc. Indianapolis Cash for Cars! Our junk car buyers may be able to verify ownership using alternative methods. Contact us directly at 317-450-3721 to learn more.

How Do I Sell a Junk Car?

Here at Zore’s Inc. Indianapolis Cash for Cars, we make the process of junk car selling easy, convenient, and most importantly, FREE. All you have to do is give us a call and tell us the make and model of your vehicle, and we can provide a free over-the-phone quote! If you accept our offer, we will schedule our in-house tow service to pick up your vehicle. We even offer same-day pickup at no extra charge. Once our driver arrives, you will sign over the title to us, and then we will pay you the previously agreed upon price. You will then need to cancel the registration and return the license plate (if applicable).

How Much is My Junk Car Worth?

The worth of a junk car largely depends on the current scrap metal prices. Our junk car buying complex houses advanced technologies and state-of-the-art analyzing equipment that allows us to read the type of metal in a vehicle, and the quantities present. We also look up the make and model vehicle to determine the specific percentage of metals and non-metals, then implement the proper mathematical calculations to remove the non-metal percentage from the final quote.

Get Started Right Now With a Free Quote!

Our Indianapolis Cash for Cars division is open 24 hours a day, 7 days a week, and 365 days a year, so there is never any trouble getting in touch with a friendly and knowledgeable associate. Furthermore, we provide FREE same-day pickup and haul away service for anyone who wishes to sell junk cars in Indy! And best of all, getting started is simple! Just contact us at 317-450-3721 for a free quote.

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How to Junk a Car in Kokomo Indiana

Are you a Kokomo, Indiana resident who is tired of an old junk car taking up valuable space on your property? If so, you have found the absolute best solution for getting rid of a junk car. Not only does this solution offer the upmost convenience, you will also make some instant cash when it is all said and done! Continue below to learn how you can junk a car this way in Kokomo, Indiana!

Cash for Cars Indianapolis.com Serves All of Kokomo, Indiana and its Surrounding Counties!

Cash for Cars Indianapolis will pay you the highest price for your junk vehicle in Kokomo, Indiana. We are professional junk car buyers who are committed to delivering fair and honest disbursements for all junk vehicles and commodities.

We pay CASH ON THE SPOT for anything motor-powered, regardless of make, model, age, or condition. That includes vehicles, motorbikes, watercrafts, boats, planes, construction equipment, farming equipment, and all other motorized commodities.

Even if it doesn’t run, its missing parts, or you don’t have a title, we will still buy it. You can make FAST CASH with one simple phone call. Simply request a quote and accept our generous offer! We will provide complimentary haul-away service, and schedule it at a time that’s convenient for you!

Get Started With a Simple Phone Call

Call our friendly Kokomo junk car buyers at 317-450-3721 to sell a junk car or motorized asset in Central Indiana. We give the highest payouts for junk cars, boats, motorcycles, boats, and anything else that runs on fuel! When you want hassle-free cash on the spot, call us to get rid of your junk car! Regardless of condition, make, or model, we will pay you cash for cars in Kokomo! Request a free quote, today.

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Looking for a Cicero Junk Car Buyer?

A junk car is only as valuable as the Cicero junk car buyer you choose to do business with. There are too many dishonest, unethical, fly-by-the-night junk car buyers out there that can take advantage of you and make the process harder than it has to be. If you are looking for a reputable and professional cash for cars company to sell a junk car to in Cicero, look no further.

ZORE’S INC. WILL PAY YOU CASH ON THE SPOT, TODAY!

Our Cash for Cars division is standing by, 24 hours a day and 7 days a week, to haul away old motorized vehicles and pay Hoosiers cash in hand. Not only do we accept junk cars, regardless of age, make, model, or condition, we also accept anything else that was designed to run on fuel! This includes farming equipment, construction equipment, lawn care equipment, motorcycles, golf carts, scooters, boats, jet skis, wave runners, and much more.

How to Get Started

Here at Zore’s Inc. Cash for Cars, not only do we make it easy to sell a junk car in Cicero, we make it very convenient. All you have to do is give us a call, tell us about your asset, and accept our offer, and the rest of up to us! Here is a guide on how to get started with selling a junk car in Cicero, Indiana:

❶ Find the title of the car.
❷ Contact us at 317-450-3721 or 1-888-U-Junk-It.
❸ Tell us about your car and we will give you a free phone quote.

If you accept our offer…

We schedule a time for our tow truck to pick up your car. When we arrive to collect your junk car, you will simply need to sign over the title. Then we pay you the quoted price in cash, right there on the spot! As an added convenience, there is never an additional charge for us to haul away a junk car. This means you lose nothing whether you request a quote or accept an offer!

Get Your Free Junk Car Quote Today

Call Indianapolis Cash for Cars division at 317-450-3721 and ask for Bill if you want the best deal for your junk car. We will provide all the information you need on the junk car selling process, current market values for metal, alternative junk car options, and more. As a family owned and operated company that has done business in Indiana since 1927, you can trust that we offer the fairest and most honest returns for junk cars and vehicles.

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Top 5 Factors Used to Determine the Total Loss Value of a Car

When you total a car that is insured, your insurance carrier will use their own proprietary software, along with state and federal requirements, to calculate the actual cash value of your vehicle. Actual Cash Value (ACV) refers to the real amount of cash your vehicle was worth at the time of loss. Unless you have a classic car that is covered under an “agreed value” policy, your insurer will likely use several factors, in addition to their own business model formula, to determine the total loss value of a junk car.

Continue reading to learn the top 5 factors used to make this determination, as well as, where you can get paid top-dollar for your totaled car in Indianapolis.

Totaled Car Buyers 317-450-3721
Totaled Car Buyers 317-450-3721

Total Loss Vehicles

A total loss vehicle is a car that is so damaged that the cost to repair it is higher than the actual cash value at the time of the loss. Although every insurance company has their own formula for calculating the actual cash value of a totaled car, all carriers will use these five factors to start their estimation:

❶ Year
❷ Make
❸ Model
❹ Mileage
❺ Condition

For instance, a 1984 Chevy Camaro with 200,000 miles that has been submerged underwater for several years will be worth much less than a 2016 Chevy Camaro with 45,000 miles that has just recently been totaled in a collision.

Totaled Car With No Insurance? Or No Title?

If you total a car that is not covered under an insurance policy, your best option is to sell it to a local Indianapolis Cash for Cars Company. They will use a combination of electronic weight scales, XRF analyzers, and proprietary software to calculate the actual cash value of your vehicle now that it is a total loss. You will need the car title to sell a totaled car for cash to a junk car buyer in Indiana, so read our blog “How to Replace a Lost Car Title” if yours is lost or destroyed.

Where to Sell a Totaled Car in Indianapolis

Call 317-450-3721 to sell a totaled car in Indianapolis, Indiana for cash on the spot. We will buy your junk vehicle regardless of its condition, and pay you the fairest return in town! For more than 75 years, our company has been a trusted source for junk car selling, so you can trust us too! Call 317-450-3721 to request a free estimate for Indianapolis cash for cars, today.

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The Difference the BMV and the DMV

In the English language, there is no single definitive authority, which means we often make our versions of vocabulary, slang, dialects, and more. As a result, we are also known to use words interchangeably, such as “business” and “company”, or “store” and “shop.” So when it comes to our state’s government agencies that issue drivers’ licenses and register vehicles, the same language practices apply. Many people are confused by the acronyms, “BMV” and “DMV”, and the less common, “RMV.” The truth is, these are all interchangeable terms that essentially mean the same thing.

Continue reading to learn a more detailed description of each driving agency acronym.

Sell Us Your Junk Vehicle Today! 317-450-3721
Sell Us Your Junk Vehicle Today! 317-450-3721

State Motor Vehicle Agencies

In the United States, our government has appointed official agencies that regulate the registration of vehicles and the issuing of drivers’ licenses on a state level. They also enforce federal and state laws regarding all motor vehicles. The names of these agencies vary from state to state, but their roles and responsibilities are the same across the board.

The common acronyms used for these state-level government agencies include BMV, DMV, and RMV. The acronym used depends on the state and their unique government language preferences. See below:

BMV – Bureau of Motor Vehicles

DMV – Department of Motor Vehicles

RMV – Registry of Motor Vehicles

The most common acronym used for government agencies that issue drivers’ licenses and register vehicles is DMV, or Department of Motor Vehicles. As you can see, the terms “bureau”, “department”, and “registry” are used interchangeably to describe the same type of agency. Interestingly, Massachusetts is the only state that uses RMV, but is now administered by the Massachusetts Department of Transportation (MassDOT). All other states use either DMV or BMV. Here in Indiana, we use both.

How to Sell a Junk Car Without a Title

Call 317-450-3721 to sell a junk car without a title in Indianapolis, Indiana. We will buy your junk vehicle regardless of its condition, and pay you the fairest return in town! For more than 75 years, our company has been a trusted source for junk car selling, so you can trust us too! Call 317-450-3721 to request a free estimate for Indianapolis cash for cars, today.

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