Usually it means that the cost of returning the vehicle to street-legal running condition would be higher than the cost of replacement (vehicle value when wrecked). Once a car is declared totaled it may not legally be registered and driven, and is supposed to be salvaged for parts.
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.
Home equity loan perhaps. No bank is going to finance a totaled car.
It means the car was totaled by an insurance company and rebuilt (to hopefully roadworthy standards!)
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.
no
No.
drink driving
Some insurance companies will sell the car back to the owner. Others sell the totaled car to a salvage yard.
A car is considered "totaled" if the cost of repairs is equal to, or greater than, the blue book value of the vehicle.
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.
cry
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.