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


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



    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