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


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



    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