Dealing with a Totaled Vehicle
After a car is totaled, the best it can do is get recycled. You will find so many cars which are subjected to this process, they make for a significant contribution to the steel used to make new cars. For those whose cars have been through an accident, here are the things you can do about the situation.
You can for one accept the settlement offer. An insurance company will determine a car to be totaled if they look at the cost of repairing it and find it to be around the halfway mark of its present value. The figure can differ, depending on the insurance company in question. In case yours is the victim in such a scenario, the insurance company will offer to pay you the value of the car. If you go with it, they will give you the cash as they keep the car.
You can also keep the car and try and fix it. The move works well for older cars, where the present value will not get you much if any from a settlement offer. You can keep the car and attend to its repairs. If you file a claim, it may end up with a salvage title instead. With that title, selling it in the future will be something you cannot do.
You can also keep the car and not do much about the repairs. If the car sustained superficial damage, and can still move as normal, you can keep on using it. A case of the car having a large scratch on the side and the insurance company being unwilling to do anything about does not prevent you from driving the car with that scratch present. The scratch will not affect how the car drives.
You can sell the car for salvage. When you find the offers from the insurance company are not worth it, you have the option to sell it as junk for cash. You can strip it for parts and sell them individually, or you can go with the option to sell it as a whole. You only need to let them know of the car and its condition, where they will make you an offer. Once you agree to it, they will come to tow the car, and leave you with the cash.
These options cover what you can do with a totaled car in diverse situations. You have the option to keep driving it if the damage is minimal, to selling it as junk for cash when the damage is extensive. In between you can consider what the insurance company has to offer, and see if it makes business sense.
You can turn to this website, to read more about the steps to follow when it is only about repairing the car.