{"id":508,"date":"2020-03-31T21:10:21","date_gmt":"2020-03-31T21:10:21","guid":{"rendered":"https:\/\/www.cashforcarsindianapolis.com\/blog\/?p=508"},"modified":"2020-03-31T21:10:21","modified_gmt":"2020-03-31T21:10:21","slug":"how-much-is-my-wrecked-car-worth","status":"publish","type":"post","link":"https:\/\/www.cashforcarsindianapolis.com\/blog\/how-much-is-my-wrecked-car-worth\/","title":{"rendered":"How Much is My Wrecked Car Worth?"},"content":{"rendered":"\n

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

\"Sell
Sell Us Your Wrecked Vehicle Today! 317-450-3721<\/figcaption><\/figure>\n\n\n\n

Diminished Value in Cars<\/h1>\n\n\n\n

All vehicles begin to reduce in value as soon they are sold\nand driven off the lot, but the rate at which a vehicle diminishes in value\ndepends on a wide range of factors. Often referred to as \u201cdiminution of value\u201d,\na vehicle\u2019s diminished value is calculated by comparing the value of the car\nbefore the accident, to the value of the car after the accident. It is\nimportant to understand the difference between diminished value and\ndepreciation, as they are not the same thing when it comes to cars. Depreciation<\/em>\nrefers to how much a car loses value over time.<\/p>\n\n\n\n

There are three types of \u201cdiminution of value\u201d, which\ninclude inherent, immediate, and repair-related. The most common type is\ninherent diminished value, but for car accidents, you will want to focus on\nimmediate diminished value.<\/p>\n\n\n\n

✅ Inherent Diminished Value \u2013 Loss of value as a result of damage\nover time.<\/p>\n\n\n\n

✅ Immediate Diminished Value \u2013 Loss of value directly after damage occurs.<\/p>\n\n\n\n

✅ Repair-Related Diminished Value \u2013 Loss of value following improper repairs.<\/p>\n\n\n\n

How to Sell a Wrecked Car in Indianapolis<\/strong><\/h3>\n\n\n\n

Earn fast cash for junk cars in Indianapolis by calling 317-450-3721<\/strong> right now! You can reach a friendly office attendant anytime, day or night. Selling a junk car<\/a> 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.<\/p>\n\n\n\n

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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 … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":509,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[182,181,183,64,20,180],"class_list":["post-508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wrecked-vehicles","tag-car-depreciation","tag-car-value","tag-diminished-value","tag-junk-car-buyers","tag-junk-cars-2","tag-wrecked-car"],"_links":{"self":[{"href":"https:\/\/www.cashforcarsindianapolis.com\/blog\/wp-json\/wp\/v2\/posts\/508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashforcarsindianapolis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashforcarsindianapolis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashforcarsindianapolis.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashforcarsindianapolis.com\/blog\/wp-json\/wp\/v2\/comments?post=508"}],"version-history":[{"count":1,"href":"https:\/\/www.cashforcarsindianapolis.com\/blog\/wp-json\/wp\/v2\/posts\/508\/revisions"}],"predecessor-version":[{"id":510,"href":"https:\/\/www.cashforcarsindianapolis.com\/blog\/wp-json\/wp\/v2\/posts\/508\/revisions\/510"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cashforcarsindianapolis.com\/blog\/wp-json\/wp\/v2\/media\/509"}],"wp:attachment":[{"href":"https:\/\/www.cashforcarsindianapolis.com\/blog\/wp-json\/wp\/v2\/media?parent=508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashforcarsindianapolis.com\/blog\/wp-json\/wp\/v2\/categories?post=508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashforcarsindianapolis.com\/blog\/wp-json\/wp\/v2\/tags?post=508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}