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


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



    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