3 Ways To Dispose of a Wrecked Vehicle
If you’ve been in a car accident that resulted in the total loss of your vehicle, you are probably already frustrated about having to go through the process of purchasing a replacement. Getting rid of your wrecked car is just one more hassle on top of an already stressful situation. Fortunately, there are multiple ways you can dispose of your vehicle. These are three of them.
1. Sell Your Vehicle
There are two main options for selling a wrecked vehicle. You can sell it as car salvage for cash Saint Louis MO to a salvage yard or you can sell it to an individual or shop that wants to buy it for parts. Either way, the buyer will likely strip-down whatever is good off of your car and sell it as replacement parts and then sell the rest of it as scrap metal. Be aware that most states have specific rules regarding the handling of titles for salvage vehicles.
2. Let the Insurance Company Take the Vehicle
If another driver was at fault for the accident and their insurance company is paying you a total loss settlement or your own insurance company is paying for the damages under your policy, they will probably want to take the vehicle and sell it as salvage. In exchange, the insurance company will pay you the total value of the vehicle at the time the loss occurred.
3. Donate Your Vehicle
If you don’t want to mess with selling your car, you may be able to find a charitable organization in your area that will accept it as a donation. They will usually then sell the vehicle for salvage. As a bonus, you can probably take a credit for the salvage value of the vehicle on your taxes.
Dealing with a serious car accident can be a frustrating experience. Fortunately, there are multiple ways to dispose of your wrecked vehicle.