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


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



    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