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In some cases you can buy your car back from the insurance company or from the scrapyard if the vehicle is totaled. You will need to check your insurance policy to see what type of stance they take on this purchase.
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∙ 9y ago
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Can a 17 year old buy a car from a private seller that has mechnical problems get there money back after the car is totaled?
No
Does insurance help with buying a new vehicle if your car gets totaled?
Yes, they will help, but they won't buy you a new car. Once your car is deemed totaled, the insurance company will usually pay you the value of the car before the accident minus your deductible. You can either buy back the totaled car and repair it or use the money towards a new car.
If insurance declares a car totaled can you cancel the claim and keep the car?
You can accept the claim and then buy back the car. This way you get money for the claim and you get to keep your car. The price for the car will be way lower at the totaled price than what you will receive in the claim.
Can a minor buy a car from a private seller that has mechanicl problems get there money back after the car is totaled?
If you had not wrecked the car the answer would be yes. But you totaled the car so that makes it more complicated. If the mechanical problem caused the wreck you may have a case. If you are just trying to get your money back because you totaled the car then you have no morals and character. On the other hand if the mechanical problem caused the wreck then seek the advice of a lawyer.
Do you get to keep the car after its been totaled?
Only if you buy it.
How do you finance buying back a totaled car?
Home equity loan perhaps. No bank is going to finance a totaled car.
Your car was recently totaled by insurance company can you buy it back from the insurance company?
I totaled my Mustang and was able to buy it back from the insurance company. They gave me the Blue-Book value less my $500 deductable. They would not insure it after I repaired it, I had to switch insurance carriers to get coverage.
Do you sign on the back of the title for a totaled car?
usually
If you trade a car in for a new car and the new car gets totaled can you get the money back?
Certainly. If you buy a new car from a dealer and then wreck it, the dealer will be happy to give you back your old car and promptly return all of your money, and take back the ruined new car.
What happens if your car is totaled and you have full coverage?
You will get actual cash value for the car and will sign the title and car over to the insurance company, unless you wish to buy it back for a reduced payout.
What happens to a totaled car after the insurance co pays you for it?
Some insurance companies will sell the car back to the owner. Others sell the totaled car to a salvage yard.
If car was totaled does signing title back to lienholder give you relief from upside down loan?
If the leinholder agrees to give you relief, then I suppose yes. But when you borrow money from someone you have to pay them back, even if what you bought isn't worth what you owe! If you want to protect yourself when your car is totaled, you need to buy good insurance.
