How to check my car value if it is damaged
How to check my car value if it's damaged
You are driving and making a legal turn on the corner, suddenly someone in rush shows up out of nowhere from the corner and bombes into your car. After having a car accident that damaged your vehicle you start wondering about its new value and what to do, how to fix it or replace it or if it is the right time for you to let your car goes with the totaling option, we are here to supply you with the best option available to your case.
First let us look at the new A, C, S and N categories that classify the damage of your car, Here are what they mean and the precautions you should take …
- Category A, or 'Scrap' cars:
You cannot repair your car at this point because it is badly damaged, you can only crash it for scrap.
- Category B, or 'Break' cars:
Even though yours is still badly damaged at this point but maybe some of its parts can be salvaged and recycled if they are still in a repairable condition.
- Category S, or 'Structural' cars:
We can repair and re-sold cars in this category even if they are highly damaged to their structural frame
- Category N, or 'Non-structural' cars:
Not everything seems to be great from the outside or should be the same inside out, such as these cars in this category, which seem not suffered damage to its structural frame but there may still be safety-critical parts that will need replacing, so try to check it carefully with the help of an expert.
Now if you have insured your car, you might wonder if the insurance company will ensure the repairing fees and when they do and don't do that, the answer to your questions might be longer than you think, so here is a specific detail based on your case:
1- WHICH INSURANCE COMPANY SHOULD I USE?
If the accident you have been through was your fault, the insurance company will not cover the repairing fees and you are going to have a hard time trying for nothing, never the less if it was the at-fault driver fault then he will pay from his insurance and sometimes the insurance company itself will deduct from the at-fault insurance.
2- WILL MY CAR BE REPAIRED OR TOTALED?
If the cost of the repairs approaches the car value then the totaling would be the best option for the insurance company.
3- WHAT IS THE VALUE OF MY TOTALED CAR?
The value of your totaled car would be the same as selling it on the used market a day before the accident, so search and ask about the value of your car. If the insurance company did not pay you fair enough, then fight them by finding similar available cars for sale on the used market at a higher price, we routinely see insurance companies increase their offers for totaled vehicles by this way.
4- IF I REPAIRED MY CAR WITH AN ORIGINAL PART, WILL I STILL LOSE ITS VALUE?
Unfortunately yes, even if you repaired your car at a dealership with authorized original parts you will suffer from a diminished value once fully repaired, and here is an example that will explain the reason why to that:
let's say you found two cars of the same year, make, model, equipment and have similar miles, but one has damage reported while the other does not. You would expect to pay less for the one with the damage but you find a small gap between the prices of both cars, which one would you choose then? The new one for sure, right?
Same as all people who are hesitant to purchase cars that were in an accident because they never know what kind of secondary problems may pop up down the road.
Now we know that you are wondering whether you should sell your car or fix it. However, the answer to this is simple. If your vehicle having a serious problem such as motor blowing, blown transmission, badly damaged frame, deployed airbags (more than one), or hybrid car battery, then in these cases, the repairing fees are equal to the car value or even more. So, it is better to sell it and save the money for your new car.
otherwise, if you are having these problems: bad head or tail light, dead battery, and a bad alternator, then it is not necessary for you to sell your car and you can put it back on the track within a low budget.
Accidents are not the only thing that diminishes your car value. The poor heedfulness can also lead you to the same struggle leaving your car looking old and dirty. In order to avoid that, try to clean your car weekly to keep it new, also be careful to scratch it,
simply treat it as if it was your precious and it will treat you the same.
Hoping that we met your needs and helped you to get a clearer full image.