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When repair costs exceed 50-75% (depending on the state you live in) of the car's actual cash value before the accident.
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∙ 16y ago
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What is considered totaled in a car accident?
A car is considered "totaled" if the cost of repairs is equal to, or greater than, the blue book value of the vehicle.
How much do repairs have to cost for the car to be considered totaled?
When the damage is more than the bluebook value.
Will you owe taxes on a totaled car?
Not if you notify you local PVA that the car is totaled and not longer in service. You will pay taxes up to the day it was totaled.
When is your car totaled?
Your car is considered totaled when it would cost more to fix it than it is worth. when your insurance company says it is or it cost more to fix than it's worth == When the repair costs exceed 50-75% (depending on what state youre in) of the actual cash value of the car.
How do you finance buying back a totaled car?
Home equity loan perhaps. No bank is going to finance a totaled car.
What if your car is totaled?
Get a new car. == If someone hit your car you will be paid the actual cash value of the car. If you totaled the car and had collision coverage you will be paid actual cash value, too.
If your car is totaled can you legally drive it?
No.
How do i totaled my car?
drink driving
Can you register a totaled car in Texas?
no
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.
What happens if you Car title loan in default and car is totaled?
Typically you need a car with insurance to get a title loan. If your car is totaled, the loan company are entitled to that money since they hold the title for your car.
What do you do if you totaled a car and it wasn't insured?
cry
