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What if your car was not wrecked but needs repair and the cost of the repair is more that the worth of the vehicle?
Wiki User
∙ 13y ago
Then you should sell the vehicle. If you cannot arrange a private party sale for the vehicle, you may want to consider selling it for scrap metal (contact local scrap and junk yards to see what price you can get for it).
Wiki User
∙ 13y ago
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What makes a motorcycled totaled?
When a vehicle covered by insurance gets wrecked, the insurance company looks at how much it will cost to repair. If repairing the bike costs more than it is worth, then the insurance company declares it totaled and pays for a replacement.
What do you do if it costs more to fix a wrecked automobile than the vehicle is worth?
If you have physical damage coverage on your policy and the cost to repair the vehicle is more than the value of the vehicle then the insurance company will total the vehicle. In the case of a total loss, the insurance company will pay you the actual cash value of the vehicle less any deductible you have. On all insurance policies, where you have physical damage coverage, the insurance company has the option to repair the vehicle, pay the actual cash value of the vehicle, or replace the vehicle. Companies never replace the vehicle.
If the cost of repair to a vehicle is more than the vehicle is worth do you have to pay for it like if their car is worth less than 1000 and you get charged 2200 and it was your fault?
i dont know. i asked you
Will my car engine last longer if I replace the cylinder head that is bad and knowing that the engine has 200k?
Yes, the engine probably will last longer but have your mechanic inspect the vehicle to see if the rest of the vehicle will last longer. It may not be worth the expense to repair the engine if the rest of the vehicle needs more $$$$.
What formula is used to determine if a vehicle is a total loss in Texas?
If the cost to repair is more than the vehicle is worth to replace then it is considered totaled.
What does the value of the repair has to be in order for the vehicle to require a salvage certificate. ?
The repair cost, has to be more expensive than the insurance company believes the car is worth.
What is considered totaled on a 2007 Ford Fusion?
Most insurance companies deem that if the repairs are 80% of the value of the vehicle it is a total loss. Hidden damage could easily drive the repair costs above what the car is worth. But, some companies total vehicles at 51% of its actual worth. So it depends on the insurance you have. They will pay you book value of the vehicle minus your deductible. The insurance company will then own the wrecked vehicle and will sell it to a salvage yard. You may be able to buy it back from them yourself if you so desire.
Is it worth fixing a blown head gasket and bad catalytic converter on my 1996 Chevy Astro Van which has 175000 miles on it?
General condition of vehicle? Can you replace vehicle for the amount of repair? Do you like vehicle?
What is a Snap on TQR-200 worth?
35 to 40 bucks. Obsolete. Likely needs sop parts, repair and recalibration.
HOW-TO REPLACE THE HEAD GASKET ON A ISUZU TROOPER 1989?
The intake manifold, exhaust manifold, and head must be removed. This is a major repair. On a 26 year old vehicle you might as well do a complete engine rebuild once you remove the head. The vehicle may not be worth the cost of the repair.
HOW TO REPLACE THE HEAD GASKET ON A ISUZU TROOPER 1989?
The intake manifold, exhaust manifold, and head must be removed. This is a major repair. On a 26 year old vehicle you might as well do a complete engine rebuild once you remove the head. The vehicle may not be worth the cost of the repair.
Turning Wrecked Cars Into Great Modes of Transportation?
Whether you are looking for a new vehicle or a second vehicle, there are affordable alternatives to paying top dollar for vehicles that you purchase from a dealership. Vehicles that have been involved in accidents or have engine problems can make great options to your vehicle needs. With a few repairs and replacement parts, you can turn wrecked cars into great driving automobiles that will provide you with the transportation that you need.Locating Wrecked Cars at Affordable PricesWrecked cars can be purchased at your local used auto parts location, online and in some cases, through auto dealerships. You can usually negotiated with the seller to get these vehicles for very low prices considering they are labeled as immobilized and are not very beneficial to the seller. When using the internet to located these vehicles you will find sites that specialize in cars and trucks that have been involved in automobile accidents. One thing that you will want to watch out for in these situations is vehicles that have bent frames. This can cause more problems than they are worth sometimes, especially if you do not have access to the equipment that can straighten out these problems for you. Another great way to find wrecked cars is to inquire with local car dealerships following sales that they may promote that allow car buyers to turn in vehicles for a certain amount of trade in value. Many dealers will have vehicles that are not running or have some damage that puts them in a category as a wrecked vehicle. Dealerships would rather make a deal with you to sell the vehicle instead of having to pay someone to tow the vehicle to a salvage yard.Salvage yards are the next place you can search for vehicles to turn into driving treasures. You can find vehicles that may have minor repair issues that can be replaced rather quickly and inexpensively. These places are also great for finding the replacement parts that you may need for your vehicle regardless of where you purchase it.Turning Wrecked Cars Into Great AutomobilesTo insure that you are getting a great deal, you will want to have a mechanic that you can trust inspect the wrecked cars that you want to purchase. This will help determine if the repairs that are needed will actually save you money over purchasing a new vehicle or put you into the driver’s seat of a money pit. It is important to remember you are dealing with vehicles that are not operating properly and only an educated and experienced professional can diagnose the problems that may be wrong with the vehicle. Try to find the replacement parts for your vehicle at places that specialize in used automobile parts. These places include salvage yards, automobile resale shops and through classified ads. You can also find inexpensive automobile replacement parts online through wholesale sites that will provide you with great results. When you are done you will find that by choosing to repair wrecked cars for your transportation needs will only cost you a fraction of the price you would pay for a new vehicle.
