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Vehicle Value Guidebooks and Your Wrecked Car

Joseph Coupal - Tuesday, January 22, 2013

Your car has been in an accident and you need to sell your wrecked car.

How do you sell your wrecked car? Where do you start? The experts at DamageMAX can tell you where NOT to start…

Don't start with Kelley Blue Book - KBB's values are inflated specifically for Auto Dealers to use on window stickers for their used vehicle inventory. Kelley is notorious for very high retail figures that the dealer can discount deeply and make the customer feel better about the purchase price (like they got a better deal). Consider this…would you PAY Kelley Blue Book Price for a used car on a dealers lot? No! Then why would you ask Kelley Blue Book for your used car? Why emulate a process that you seek to avoid? Start high & work down? Car dealers get a bad rap for this same exact sales tactic but the average everyday person presumes to resort to the same strategy?

Folks the process is broken and due for an overhaul…

NADA Retail is more realistic and a guidebook that utilizes transactional data that comes from New Car Dealers in the US. That said, NEVER use retail as a starting point for pricing any damaged vehicle because that vehicle will never be CLEAN again, nor will it be RETAIL material.

CARFAX will show vehicle history that the vehicle has been in an accident. This is called STIGMA history and it is indeed derogatory.

Car Dealers will not want your vehicle for trade-in, and they will unfortunately avoid giving you a trade-in figure at all costs. They will have no choice but to tell you it is better to sell on your own, because the number they are forced to give you will be so low, you will most likely leave the dealership incensed. Is this the dealers fault? No. Did they treat you unfairly? Absolutely not. Your vehicle is no longer worth what it was after a collision and it never will be. No matter how much you owe, or how attached you are to your car, it's worth at least 30% less after the repairs. This is proof that DIMINISHED VALUE exists and can be substantiated in every state.

Whether your wrecked vehicle is repaired or not, the best way to trade-in the vehicle is with a firm offer from DamageMAX – the damaged vehicle experts. Our Clean-Break TIP (Trade-in Program) lets you walk away from your wrecked car and ride today in a new vehicle at any new or used vehicle dealer in the USA!

It's your right not to repair your vehicle. You may request the settlement check and not repair the vehicle. If you wrecked your car and simply just don't feel comfortable driving the car again, please consider selling or trading-in your damaged vehicle to DamageMAX. DamageMAX will buy your wreck and you keep the insurance check and ride today in a new car!


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