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


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



    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