What Is My Wrecked Car Worth?

What Is My Wrecked Car Worth?

In its current damaged condition, your wrecked vehicle's value will be determined by how much a salvage service is willing to pay for it.

In general, the value of a wrecked car will come to 10 to 50 percent of what it was worth prior to the wreck. A car worth $5,000 prior to an accident may only be worth anywhere from $500 to $2,500, depending on the severity of the damage.

If it’s declared a total loss, the amount of money your insurance will pay for it is whatever the wrecked car was worth before the damage occurred.

Use our car value calculator to see how much money you can get for your wrecked vehicle. Just answer a few questions, provide some pictures and get its value in less than 2 minutes!

Places That Buy Wrecked Cars

If repairing your broken car is not an option there are plenty of places that buy wrecked cars for its metal and parts.

Some of those include:

• Online marketplaces. With this option you’ll be able to find dozens of buyers who are willing to negotiate wrecked car prices. Such options include sites like Craigslist, Facebook Marketplace, eBay Motors and more.

• Junkyards and salvage yards. At these businesses, wrecked car prices are determined by the weight of the vehicle, so don’t expect a high offer. Rarely will car sellers be able to negotiate a better price with a local junk or salvage yard.

• Dealerships. While dealerships make selling and trading in vehicles convenient, they also don’t offer great prices for wrecked cars. At the end of the day, dealerships try to maximize their profits and if you’re not experienced with haggling, you’ll walk away with a low-ball offer.

Turn that wreck into a check! Selling a wrecked car is quite easy with WeBuyJunkCarsFast. Just give us a call to get a quick quote.

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How to Sell Your Wrecked Car

In order to get the most cash for your wrecked car you will have to get a few quotes from different places to see which one returns the highest offer.

Remember that some places are willing to negotiate, so take that into consideration when choosing who to sell your wrecked car to.

Once you’ve chosen who to sell your car to, the process of handing over the vehicle should look something like this:

1. Accept the cash offer

2. Prepare your vehicle’s documents (such as the title)

3. Schedule when the car should be picked up

4. Get your cash!

Selling your wrecked car to WeBuyJunkCarsFast is fast and easy. Fill out the form and get a cash offer in less than 2 minutes!

Should You Fix or Sell A Wrecked Vehicle?

Depending on your vehicle’s age and level of damage, you’ll have several options on how to deal with your wrecked car.

• Scenario 1: If your vehicle is over 5 years old and has high mileage (i.e. ~100K miles) the cost of repairs may actually exceed what the car is worth. At this point you’re better off selling it.

• Scenario 2: If your vehicle is around 5 years old, is high-end and the wreck caused light damages, you’ll probably be better off fixing it.

• Scenario 3: If your vehicle is under 5 years old, with low mileage, and the wreck only caused some light to moderate damage, you’re likely better off repairing your car.

• Scenario 4: If your vehicle is severely damaged, regardless of its age and mileage, you also have the option to scrap it for parts.That said, scrap car values tend to be low, but it is a quick way to get a wrecked car off your hands.

It’s important to take into account maintenance costs when considering what to do with your wrecked vehicle.

Once vehicles get close to the 100,000 mile mark and wear-and-tear becomes an issue, costs start to accumulate.

It might be in your best financial interest to get rid of a car like that, instead of pouring more and more money into it.