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What do you do with a totaled car?

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2005-11-30 15:31:42
2005-11-30 15:31:42

If you actually, "own the car still" and the insurance didn't keep it, sell it for parts in your local trading post, sell it to a junkyard or buy another one and keep it for parts.

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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.

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Home equity loan perhaps. No bank is going to finance a totaled car.

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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.

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The insurance company tells you. The way they figure this out is by comparing the cost of repairs to the value of the car. If the cost is the same, or greater, the car is totaled.

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Some insurance companies will sell the car back to the owner. Others sell the totaled car to a salvage yard.

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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.

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A car is considered "totaled" if the cost of repairs is equal to, or greater than, the blue book value of the vehicle.

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The definition of a totaled car is when the repair cost of the vehicle exceeds the actual value of the vehicle. Hence, although it is unadvisable, it is possible for an auto body shop to fix a totaled car, depending on how severe the damage was.

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you will have to pay a debt and GET CAR INSURANCE

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The cost of damage to the car is greater then the street value of the car.

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It depends on why it was totaled. If it's cosmetic damage that totaled the car (like a shallow sideswipe) of course. If it's structural, like frame damage, maybe. If it was in a flood, it's probably not a good idea to fix it since quirky electrical problems will haunt the car forever. If it is repaired it would still carry a totaled title but it can be qualified with the brand 'totaled/reconstructed' on the new title.

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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.

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You can, but totaled means "not worth repairing". You will spend more money repairing a totaled car than you would buying a new one.

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Because the lender repossessed the car from where ever it was after being totaled.IF you had gotten the car back after it was totaled, it couldn't have been a repossession.

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No idea what you are asking. Get an interpreter!

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O_O nope. Is yours? O_o

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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.

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A car is not totaled in a chapter 13. A car may be totaled while the owner is in a chapter 13. If the car was fully exempted, nothing happens. If you need to buy a new car, you will have to get permission from the bankruptcy court after you file a specific purchase agreement (car loan) which should not seriously affect your plan payments. Why are you not asking your lawyer?

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It would depend on why the car was totaled and who's fault the accident was and what time of insurance do you have PLPD or Full Coverage

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get a good job............you will (assuming you are at fault for this loss) be require to pay for the totaled vehicle.........

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Once a car is totaled it is gone. Usually the insurance company takes the car for them to sell and get some extra money and if it is claimed as a totaled vehicle I would not recommend driving it on the street where you can hurt yourself or someone else.

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A vehicle that has been totaled can be sold for scrap and parts through junk yards or scrap metal yards. Also there are several businesses that will pay a small amount of money to take the scrap from a totaled car.

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That depends on what the car is and how much the insurance values it at.

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The insurance company will pay the finance company not you.

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The very first thing you do is report it to the police. Whether the car is "totaled" or not (a decision typically made by insurance adjusters), a police report is required for any automobile accident.


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