How Do I Know If My Car is Totaled?

Posted on November 18, 2022 by cashforcars

If you have been in an accident, or if your car has sustained major damage due to another unforeseen issue, you may be wondering if it is a total loss. Determining whether a car is totaled is an important step in the insurance claim and repair process, so it’s essential to accurately identify this status before proceeding. To determine if a car is totaled, you’ll need to consider the cost of repairs in comparison to the market value of your vehicle.

Continue below to learn more about these considerations, plus what you can do with your totaled vehicle if you do not have auto insurance coverage in Indiana.

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What Makes a Car Totaled?

If the cost of repairing your car exceeds its market value, then it is likely to be considered a total loss. This means that the insurance company will not cover the repair costs because it would not make financial sense to do so. Instead, you will receive a payout from the insurance company that is equivalent to the market value of your car prior to its damage.

Evaluating a Total Loss Vehicle

In order to determine if your car has been totaled, there are several steps you can take. First, contact your auto insurance provider and inquire about the claims process for total loss vehicles. Your provider will likely be able to provide you with an estimated value of your car as well as information about the claims process.

It is also important to have a mechanic inspect any damage your car has sustained. This will help determine the extent of the repairs necessary, and it could potentially reduce repair costs in some cases if applicable. Once you have received an estimate from your mechanic, compare the estimated cost of repairs to the market value of your vehicle.

Ultimately, if the cost to repair your car is greater than its total value, it will be considered a total loss and you will receive a payout from the insurance provider. Remember to also take into consideration any salvageable parts that could reduce the cost of repairs.

Tips For Dealing With a Salvaged Car

By following the steps above, you can determine if your car is a total loss and begin the insurance claim process accordingly. Knowing whether or not your car can be salvaged will help you make an informed decision about how to proceed with any necessary repairs. As always, we recommend consulting with a professional before making any decisions about your automobile.

Don’t have insurance? Or you just don’t wish to claim your totaled vehicle under your insurance? Choose to sell it to a local Indianapolis auto salvage yard for cash on the spot. Contact Zore’s Inc. Cash for Cars division at 317-450-3721 to get a free, over-the-phone quote from an honest and reputable Indianapolis junk car buyer. We serve all of Central Indiana with free junk car removal!

Common Automotive Damages That Can Total a Car

Posted on April 27, 2020 by cashforcars

When it is time to have a vehicle repaired, one might have some anxiety about the amount of money it will take to get it fixed. This is especially true for those who know they are dealing with some major mechanical damages. In fact, there are some car repairs that are so major and intensive, they often cost more than what the car is actually worth. In this case, the vehicle would be deemed a total loss.

Continue reading to learn some of the most common automotive damages that total a car, as well as, how you can recoup some profit from a total loss vehicle.

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Engine Failure

There are all kinds of things that can go wrong in a car engine. From filters and head gaskets, to cylinder heads, timing belts, transmissions, and more, the list of possible mechanical breakdowns is long. Although many engine repairs are moderate or straightforward, such as spark plug replacement and tune-ups, there are others that can wreck a person’s budget, and even total the car altogether. Examples of engine failures that can total a car include engine replacement, major engine work, engine rebuilds, and ignition system replacement.

Frame Damage

In the case of a collision, a vehicle can sustain a massive amount of cosmetic and structural damage. When a car’s frame or chassis is damaged to the point that it requires a complete reset, the cost can be equivalent to buying another car. If the cost of repairing a damaged car frame or chassis exceeds the current resale value of a vehicle, the insurance company will deem it a total loss.

Fires and Floods

If a car catches fire, or is submerged in water for a period of time, the cost to repair it back to its original conditions prior to the fire or flood damage is typically astronomical. In fact, the cost is so high, the only time people really have their vehicle’s repaired after such damage is if it is a company vehicle needed for business, such as an ice cream truck or delivery truck, or it is a classic car or collectible. For standard vehicles, fire and flood damage will almost always render them totaled. See our blog, “Can I Sell a Car That Has Been Submerged in Water?” for more details regarding this topic.

Transmission Failures

Just like a car engine, the transmission is a critical system in which many mechanical issues can arise. In the case that a transmission needs to be replaced, the cost can sometimes exceed the current resale value of the vehicle. Similar transmission damages that can total a vehicle include major transmission work like rebuilds and replacements, as well as, driveline repair and differential repair.

How to Get Money Back for a Totaled Car in Indiana

You really 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!

Most Affordable Solutions for Car Engine Problems

Posted on November 25, 2019 by cashforcars

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.

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!

When is a Car Totaled?

Posted on April 21, 2017 by cashforcars

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No one enjoys seeing the aftermath of a car accident. When a vehicle is involved in a collision or accident, the damages can sometimes look a lot worse than what they actually are. So in some lucky cases, a vehicle is not always a total loss after an accident. But how is a total loss determined? And who determines this? For answers to these questions and more, continue reading and learn what makes a vehicle a total loss following a motor vehicle accident or collision.

Calculating a Total Loss

The most common question asked after an accident is if a car is totaled or not. This is understandable considering most people want to have their vehicles repaired as soon as possible so they can get back on the road and back to their lives. So we always want to know right away, if repair is a possibility or if a vehicle is just totaled. Many times, cars and trucks can be fixed with the services of an auto body repair shop. Licensed mechanics can really do some incredible work. But in other cases, vehicles are just too far gone, so collecting a total loss settlement from insurance is best.

The guidelines for a totaled vehicle vary from state to state, but most insurance companies follow the general guideline of 75 percent. This means that a car or truck is considered totaled if it has 75 percent or more damage than the actual cash value of the vehicle. So if a car that was worth $2,000 has more than $1,500 worth of damage done to it, it is a totaled vehicle. It would cost more than the actual value of the vehicle to repair it. In this case, it would be advised to take the insurance settlement for a totaled car.

Many people also ask about airbags, and if a deployed airbag means a vehicle is automatically totaled. The truth is, a vehicle is not always totaled if the airbag deploys. Take into consideration the cost of the damages to the vehicle, plus the cost of replacing the airbag with a new dealership-grade airbag. If this total cost is more than what the vehicle is actually worth, then yes, the car is totaled. But this is usually the case for older vehicles. A new car that has had the airbag deploy, but didn’t sustain serious damage to other parts of the vehicle, can simply have the airbag and dash repaired, and the cosmetic damages fixed. It simply all depends on the cost of repairs, the amount of damage, and the value of the vehicle.

How to Get Paid Cash for Your Totaled Car

Junk Car Buyers 317-450-3721

Call Indianapolis Cash for Cars at 317-450-3721 to get paid fast cash for your junk car or truck. They also buy auto parts and any other motorized commodities. Just call and request a quote, and they will schedule a time for their in-house tow truck to collect your vehicle and pay you cash on the spot! Call 317-450-3721 to request a free estimate for your junk car, today.

Can a New Car Be a Junk Car?

Posted on April 21, 2016 by cashforcars

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Who doesn’t love the feeling you get when you pull out onto the road in your brand new vehicle? That new car smell coupled with the excitement of getting to know your new ride are some of the best parts to buying a new car or truck. In fact, the high we get from owning a new car can mask the liability that comes along with it. Because no matter how solid your automotive insurance is, it is possible for your new vehicle to not have proper coverage need for major accidents and traffic collisions. In this case, you could be stuck with a brand new car that can no longer serve a purpose. Continue reading to learn just how a new car can turn into a salvaged car overnight.

Auto Accidents and Insurance Coverage

When you buy a brand new vehicle, you instantly get it covered by your choice insurance carrier. Unfortunately, many people fail to read the fine print that explains they do not replace totaled vehicles at full value. Some insurance policies do not covered totaled vehicles at all if they are damaged in a certain way. Whether you drive your new car into a lake, or mistakenly smash into a telephone pole, a new vehicle that has been totaled may or may not be covered by auto insurance.

In these cases, your new car becomes a junk car since the cost of repair would exceed the value of the vehicle in whole. If your insurance carrier provides coverage for totaling a new car, then you can simply replace it with the money you get in return. However, if your insurance carrier does not, or your policy does not have that feature, you are stuck paying a portion out of pocket for ANOTHER brand new vehicle. A good option for this situation would be to sell your totaled vehicle to a junk car buyer.

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