Disastrous Crash: Should You Scrap Your Car?

After a serious car accident, your car can be severely damaged. This begs the question of whether you should repair it or opt to scrap it instead. While the answer may not be the same for everybody, let’s look at some good reasons why it may be best to get rid of your car as opposed to repairing it.

The Insurance Company Declares It a Total Loss

If your car insurance company declares your car to be a total loss, they will write you a check for its current value. In the event that this amount is more than what you owe on the car, you may want to consider getting a new vehicle. However, should you owe more than that amount or think that the insurance company isn’t offering you true market value, you may want to get a second opinion. It also may be a good idea to talk to Toledo car wreck lawyers about a possible personal injury case if another driver caused the crash.

The Car Suffered Frame Damage

Cars that have a rebuilt frame may not be as sturdy as those who still have their original frames. In addition, the car will not be worth nearly as much after a serious accident even if there isn’t any work done to the frame. Therefore, it may the better decision from both a financial and safety standpoint to get a new car.

How Old Is the Car?

If your car is more than a few years old, it may be a good idea to scrap it and get a new one. However, it may be best to at least get some repair estimates if you are driving a vintage automobile or a luxury vehicle regardless of its age. In such a scenario, it may be worth your time and money to restore it if you really like the car.

How Valuable Are the Parts?

There are times when selling the parts to a car individually nets more than selling the car as a whole. If you can salvage some of the car’s components, you may want to think about getting rid of the car and selling those components online to raise money for a new vehicle.

If you have been in a serious accident, the most important thing is to make sure that you and others involved are OK. However, once you have gotten yourself checked out, it’s time to decide what to do with your damaged vehicle. Talking to your insurance company or with a trusted mechanic may help you decide what the best option is for you.

Carsurfer Admin

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