- Published 06/05/2022
What to do if your car is totalled
If you are one of the many drivers who own a car that has been in an accident and declared as a total loss by your insurance company, you may be wondering what to do with your vehicle. You could sell it to a private buyer, but you may get a better deal by selling it to a salvager.
What to do when your car is totalled
When a car is totalled in an accident, the insurance company will usually declare it a total loss and give the owner a settlement. However, the owner is then faced with the decision of what to do with the car. Many people simply have the car towed away and forget about it, but there is actually value in salvaging a totalled car.
Car salvage companies recycled wrecked cars by selling them for parts or scrap metal. Salvagers are always looking for wrecked cars to recycle and resell parts from. When you sell your totalled car to a salvager, they will pay you for the car itself, as well as any scrap metal or other valuable materials inside it. This can add up to a lot of extra cash in your pocket, especially if your car was damaged beyond repair.
As a result, selling a totalled car to a salvage company can actually be quite profitable. The first step is to find a reputable salvage company. This can be done by searching online or asking for recommendations from friends or family. Once you have found a few potential companies, it is important to get quotes from each one.
How to salvage a car for cash
While the exact process will vary depending on the insurer, the general steps are as follows: first, the car owner will need to find a licensed car salvage company that is willing to purchase the vehicle, such as Motorwise. The salvage company will then provide a quote. If you choose to accept the quote, the salvage company will reach out to you within a few hours and confirm a suitable collection date and payment method.
Motorwise can provide you with the best price for your car so you can focus on what’s important—getting back on the road. Contact us today for a quote.