Learn your options after totaling your vehicle in an accident.
If you have just recently totaled your vehicle, you already know that you were faced with the decision of having it towed to your home, to an auto shop, or straight to the salvage yard. If you chose to take it home with you, then you are now faced with some more decisions. What are you going to do with your totaled vehicle? Continue reading to learn some helpful and some lucrative options.
🚗 Dismantle It for Parts
You can have a mechanic dismantle your totaled car so that you can salvage its spare parts that still work. You can even do this yourself if you are handy in the automotive field. Once you have your car dismantled, you can either use the spare parts you saved for another vehicle, or you can sell them one by one for a profit. The downside to this option is the time and the cost. You have to pay a mechanic to dismantle your car if you cannot do it yourself; and since they charge by the hour, that can be expensive. However, you make most of the money back if you can successfully sell the parts. If you dismantle the vehicle yourself, it takes a long time and a lot of effort that many people are not enthusiastic to give.
🚗 Sell It for Cash
There are countless cash for cars companies out there that will pay you cash for your totaled vehicle. However, it is important to know which company to choose for the best service and highest profit. Choose a company that has experience in the industry, and that offers free services, like estimates, pickup, towing, and more. Most importantly, you want to find a company that pays cash on the spot so that you do not have to wait for your profit.
🚗 Keep It and Repair It
This is probably the most expensive and time-consuming option, but sometimes, it is also the most fun. If you are someone who enjoys automotive work and is in need of a challenging project, keeping and repairing your totaled car could be the best option for you. Just be sure to save all the spare parts that still work to save you some money!
Some Additional Options…
✓ Insurance Claim – Turn it into insurance and wait for your check.
✓ Metal Art – Turn it into a piece of unique artwork.
✓ Donation – Donate it to a junk yard or salvage center.
✓ Scrap Metal Recycling – Recycle it at a scrap metal center.