Wrecked Car Damaged Vehicle Blog

RSS Grab DamageMAX RSS Feeds

Was your Car Totaled? Should you keep the vehicle?

Joseph Coupal - Friday, November 23, 2012

"Owner retained" is a term you've probably never heard. Of the 4 million vehicles totaled every year in the United States, 1 million are "retained" by the "owner". They choose to actually keep the wrecked car rather than sending it to the scrap heap. Why? The owner knows the car better than the insurance company and thinks it can be either repaired or sold at a profit.

If the owner is automotive savvy, this is often the case!

Below is a typical situation:

  • You've been in a car accident
  • The insurance adjuster estimates damage of $8,500
  • Your vehicle's pre-crash value (ACV) is $10,000
  • Your state has an 80% damage threshold for declaring vehicle a total loss
  • At 85% ($8,500/$10,000), your vehicle is declared a total loss by your insurer
  • The insurance company estimates your vehicle is worth $500 post-crash (salvage value)

You have 2 options:

  • Take the $10,000 less your deductible ($1,000) and pass title to your insurer
  • Take the $10,000 less your deductible ($1,000) and salvage value ($500) and keep your car (with a salvage title)

In the second option, you are essentially taking the settlement and buying your damaged car from the insurance company. You may choose to repair the car or sell it. If you choose to sell it, DamageMAX will buy it - you pocket the profit!

How does DamageMAX pay you more for your owner retained vehicle than your insurer? Your insurer wants to settle the claim quickly and usually discounts your "owner retained" vehicle to encourage you to settle. This can be your advantage - contact DamageMAX to find out how much we will pay for your "owner retained" vehicle.

DamageMAX pays MAXimum Value for your Damaged Car!

Call 888-629-2137 24 hours / 7 days for a free quote on any damaged vehicle

Recent Posts


buy a car buyer of wrecked cars damaged vehicle purchases cash offer on any damaged vehicle cars for cash salvage title vehicle Sell DamageMAX your wreck car parts and components sold buys wrecked cars selling totaled vehicles wrecked your vehicle sell your wrecked car wrecked vehicles reduction of resale value liability only Branded title vehicles car into cash how to sell a damaged car auto insurance coverage trade-in fix the vehicle high mileage vehicle trade their damaged car repairs E15 engine damaged vehicle Inoperable vehicles car buying business repair an old or worn out vehicle sell junk cars selling flood damaged vehicles damaged vehicles damaged by collision sell damaged cars selling a wrecked car settlement check sell it online repairing the car tow charges Problem vehicles industry insider title processing procedures CarFax Reports broken vehicles repairing the wrecked car cash out car is wrecked buys any wrecked car buys your wreck selling a damaged car replacement vehicle buy your vehicle cash for the car We buy damaged vehicles post-crash value insurance company consumer awareness legal for less Call DamageMAX now! damaged vehicle sell your damaged wrecked truck repair your car sell your car car for sale buy damaged vehicles buy any car sell a car problem truck old junker Chicago Selling your wrecked vehicle cash out of your wrecked vehicle used vehicle collision repairs selling a vehicle car parts damaged vehicle for cash wrecked car repair bills Body shops Sell your wreck check for your wreck repair your vehicle free price quote wrecked your car repair providers buy damaged cars administrative fees sell your high mileage vehicle repairing your wrecked car buy any wrecked vehicle junk cars selling a damaged vehicle selling your wrecked car selling flood damaged cars DJ Harrington DamageMAX vehicle for trade-in car accident with no insurance retained by the owner wrecked auto vehicle's value junk Used vehicle values Donate Your Wrecked Vehicle DamageMAX Difference damaged vehicle world Trade-in Program AAA repair your wrecked vehicle sell a damaged car old car money for damaged vehicles CarBUYERUSA.com buy salvage title vehicles sell the vehicle Honda car parts for cash we buy any car owner retained sell the car buy your wrecked vehicle Sell your wrecked vehicle buy a broken vehicle buys any car cash for your vehicle value repair the vehicle repaired Damaged Car call DamageMAX sell vehicles retail value wrecked vehicle flood damaged cars damaged cars diminished value trends trade flood vehicles car for top dollar leaking fluids sell a wrecked vehicle pre-cash value cash for your wrecked vehicle repair a vehicle Maximum Value for damaged vehicle car is not totalled vehicle value buy your car for cash un-repaired collision inoperable cars Top Dollar sell DamageMAX.com immediate cash offer Dr Harrington High mileage vehicles top dollar for your damaged vehicle CarFax sell your Honda for Top Dollar selling their damaged car storage or tow yard buying a used car fix your car recycle Dr. Harrington buy vehicles wrecked car experts average tow & storage bill We Total Any Car repairing the vehicle repair the wrecked car damaged vehicle to sell Clean-Break TIP selling their wrecked cars selling your damaged vehicle broken vehicle sell your wrecked car online sell junk car insurance check D.J. vehicle for cash fast buy your car wreck free quote damaged vehicle replacement CarbuyerUSA cash offer negative carfax reports towing company salvage value selling any vehicle diminished value sell your old car cash only problem vehicle Sell your car FAST sell the wrecked vehicle vehicle wrecked wrecker services CAR-Diologist sell your damaged vehicle car's value wreck your vehicle trade-in value value of the vehicle sell your Honda accident with no insurance auto body collision repair trade in wreck your car wrecked vehicle, problem vehicles 12% in diminished value Collision damaged vehicles buy your wreck car buyers value of your vehicle sell damaged vehicles owner retained vehicle car buyer repair check sell car parts vehicle values buy your wrecked car how much it costs sell your vehicle collision repair value for your Damaged vehicle sell your vehicle as-is buy the damaged vehicle buy wrecked cars sell online repair orders Diminished Vehicle Value sell to damageMAX buyer of damaged vehicles



    Does your car have body damage ?

    Number of airbags blown?

    Do you have a collision estimate?

    What is your insurance deductible?

    Is your car drivable?

    Do you have the car’s title?

    Does the vehicle have a salvage or rebuilt title?

    Does the vehicle motor run?



    Fair market value prior to accident $

    Sell my damaged vehicle
    Check for my vehicle AS-IS

    This represents a cash offer for the vehicle as described by the seller.

    Net Repair Check

    Proceeds for repairs that can be used for purchasing a replacement vehicle.

    Deductible Payment

    Amount you save if you sell the car now

    Cash Toward a New Vehicle
    Out of Pocket Expenses