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


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



    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