What Is the Salvage Value of My Car?
If your car has suffered a serious breakdown or natural disaster, you may need to know the salvage value of your car before trading or selling it. On a scale between 1 and 5, a serious wreck categorized as a 5.0 on an older car, may very well be a 1.0 on a newer model vehicle with a higher value. A major accident or body damage caused by a natural disaster can often mean the end of your beater commuter car if its value is below the cost of repairs or the damage makes it a total loss.
Natural disasters can also ruin a vehicle, causing serious damage to the exterior and interior of any vehicle. Salvage title vehicles are very common after natural disasters including floods, hurricanes, hailstorms, avalanches and forest fires to name a few. Recently, we have had a series of natural disasters every year in Coastal cities throughout the United States. You may want to find out if your vehicle is a salvage title car.
It is not uncommon for automobile accidents to result in serious damage - including bending a car's steel frame due to front-end collisions, side impacts, and rear impacts. Once the vehicle’s frame is bent the vehicle will not perform as originally intended and may cause severe tire, shock absorbers, brake and alignment issues for the remaining life of the vehicle.
Check out to get Impressed:
Junk Car Buyer in Dayton Ohio Top Dollar
Cash Your Scrap Car in Ohio, History of Salvage Yard You Didn’t even Know
Auto Salvage Yards Dayton Ohio, Junk Car Removal
Used Cars Dayton Ohio under $3,000 between $5,000 and $10,000 for Sale
Who Buys Junk Cars Near Me Dayton Ohio?
Unfortunately, that’s a fact that, a new vehicle can be converted into a salvage title vehicle with one major auto accident. Usually, salvage vehicles are sent directly to scrap yards by the insurance companies, but sometimes a salvage title can be obtained by drivers who do not wish to part with their beloved vehicles. They may be sold at auction or repaired to near-factory specifications and resold to the general public.
Salvage Value of A Car
Calculating the salvage value of a car is a simple process, but you may think it in a hard way. The salvage value of any vehicle will vary depending on the state as well as the year, make, model and condition of the car. The following are the key elements for estimating the salvage value of your car:
- Use an industry resource like the Kelly Blue Book and National Automobile Dealers Association Used Car Guide to look up the retail and wholesale value of your vehicle.
- Add retail and wholesale value, then divide the sum by two to get the car’s current market value.
- Contact your auto insurance company for the percentage of market value that it uses for determining salvage value. The percentage can vary depending on the insurance company but, it is typically 75 % of market value.
- Multiply the car’s current market value determined earlier by 0.25 (1.00 minus 0.75) to find the salvage value of your car. Note, the result of this calculation will always be lower than the current market value of the car.
Cash for Junk Cars Top Dollar Dayton Ohio
Sell Your Salvage Car
If you are ready to part with your salvage car, Cyrus Auto Parts is one of the best places to sell your salvage car for the most cash. Our car buyers have years of experience and up to date local auto salvage industry knowledge to help provide some the best salvage car cash offers in the nation! Although you can sell your salvage vehicle to third party or other middle dealerships, why would you want to go to this hassle when you can have a no obligate quote free towing your vehicle? Cyrus Auto takes care of all of the paperwork and will provide a fair offer for the salvage value of your car.
Call: (937)250-6982
Address: 5518 W Third St, Dayton, OH 45417