Getting the Best Deal for Your Junk Car: An Insider’s Advice

Posted on September 1, 2023 by junkcars17

When it comes to getting rid of that old, rusty heap of metal sitting in your driveway, you might think it’s a lost cause. But believe it or not, that junk car of yours holds more value than you might imagine. With a well-informed approach, you can turn that so-called “junk” into a worthwhile payout. As a seasoned insider in the industry, we are here to guide you on how to get the best deal for your junk car, ensuring you get your junk car’s actual cash value. So, get ready junk car owners. It’s about to get profitable!

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How to Get the Best Deal for a Junk Car

Find a Reliable Junk Car Buyer

The first step to getting the best deal for your junk car is researching reliable junk car buyers. It’s important to evaluate potential buyers on their experience and customer service ratings, as these factors can help you get the most out of your junk car sale. Additionally, make sure that the buyer is licensed in your state—this will ensure that they are legitimate and will give you the best deal in the safest way possible.

Get Your Documents in Order

After finding a reputable junk car company, you’ll need to gather all the paperwork related to your vehicle. This includes your title, registration, and any other documents that prove ownership of the car. Having this information on hand before negotiating will help build trust with potential buyers, as they will feel secure buying from you. Plus, if you have any proof of maintenance, it can potentially get you a higher payout!

Be Ready to Negotiate an Offer

Once you’ve done the research and have all your paperwork together, it’s time to negotiate with potential buyers. Before entering negotiations, take the time to determine what your junk car is worth by researching its actual cash value (ACV). This will help ensure that you aren’t taken advantage of or offered an unfair price. When negotiating, make sure to be confident and honest with your buyer; the more information you provide, the better deal you will get for your junk car.

Here’s a few extra tips to consider when selling your junk car:

Make sure to check for any recalls related to your model year; this can help you get a higher payout for your junk car.

If your vehicle is able to drive, take it for an inspection. This will give potential buyers peace of mind and help you get the best price.

Before selling, consider if any parts can be salvaged from the vehicle. This could make you even more money!

Don’t forget about the tax implications. You may be eligible for a tax deduction if your junk car sale goes through.

Always remember to shop around and compare prices; this will give you an idea of what other buyers are offering, so you don’t settle for less than your junk car is worth.

Final Thoughts

If you follow these steps and remain persistent, then it’s almost guaranteed that you’ll get a great deal for your junk car! With an informed approach and a professional buyer, you can turn that forgotten heap of metal into something much more valuable. Now that you’re aware of the insider tips, get out there and start turning your junk car into cash!

Are you excited to sell a junk car and make a great profit? Contact GC’s Junk Cars at 317-608-2188 to sell a junk car for cash in Indianapolis, Indiana. We offer free towing with our in-house tow truck, so all you have to do is call and accept our offer!

What Factors Go into Calculating a Junk Car’s Actual Cash Value?

Posted on July 19, 2023 by junkcars17

When it comes to selling your junk car, one of the most important things you need to know is its actual cash value (ACV). This is the amount of money that you can expect to receive when selling your vehicle for scrap or parts. But how exactly do you calculate a junk car’s actual cash value? There are several factors that go into this calculation and understanding them will help you get the best price possible for your unwanted vehicle. Let’s take a look at what goes into calculating a junk car’s actual cash value. Continue reading to get started.

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How to Determine the Actual Cash Value of a Junk Car

Scrap Metal Prices

One of the main factors that affects a junk car’s actual cash value is the current scrap metal prices. The price of scrap metal fluctuates over time, and this can have a big impact on how much money you will get from selling your vehicle for parts or recycling its components. It’s important to check current prices periodically to make sure you’re getting a fair offer for your vehicle.

Junk Car Appraisal

Another factor that goes into calculating a junk car’s actual cash value is an appraisal from a professional junk car buyer. This person can assess the condition of your vehicle and determine its true market value. They will also take into account any additional costs associated with removing and disposing of the vehicle. A professional appraisal will give you an accurate assessment of your car’s actual cash value, so it’s important to obtain one before making a final decision about selling your junk car.

Age and Condition

The age of your vehicle and its condition are also important factors to consider when calculating its actual cash value. Older cars tend to be worth less than newer ones because they generally have fewer working parts that can be salvaged for scrap or resale. Additionally, vehicles in worse condition may be worth far less than those in better condition because there is less salvageable material.

Location

In some cases, junk cars that are located in challenging locations, such as bodies of water, underbrush, and junk piles, might have a reduced value due to the difficulty of access. Tow truck operators must be able to use reasonable wrecker equipment and strategies to obtain junk cars in hard-to-reach spots, thus increasing the cost to do business – and this cost is deducted from the cash for cars offer.

Demand

In other cases, junk car buyers and salvage yards might be picky about which vehicles and motorized equipment they are willing to accept. Factors that can affect this decision at a junkyard include demand for automotive parts and pieces, difficulty of breakdown for recycling, and scrap metal demand. Overall, you can expect all cash for cars companies and auto scrappers to accept any make or model vehicles, but beware that this is sometimes a factor at play when selling a junk car.

Get the Most Cash for Junk Cars in Indianapolis

By taking into account all these factors, you can get an accurate estimate of what your junk car is worth and what you should expect to receive when you sell it. Knowing the actual cash value of your vehicle upfront will help you make an informed decision about how much money you can get for it, so make sure to do your research before selling your junk car for cash in Indianapolis. With these tips in mind, you’ll be better equipped to calculate the actual cash value of your junk car and get the best price possible.

Are you ready to learn how much your junk car will get you? Contact GC’s Junk Cars at 317-608-2188 to sell your junk car in Indianapolis, Indiana for cash on the spot! We provide free junk car removal, so we come to you!

What You Need to Know Before Taking Your Old Vehicle to a Junkyard

Posted on June 15, 2023 by junkcars17

Do you have an old car that’s seen better days? Are you considering taking it to a junkyard and getting rid of it once and for all? Doing so can be a great way to make some extra cash, but before you do, there are some important things you need to know. First off, the process of selling your junk car can vary depending on where you take it. Different junkyards will offer different prices for cars in various conditions. It’s also important to check local laws and regulations regarding what paperwork is required when selling a vehicle.

In this blog post, we’ll cover everything you need to know about how junkyards work, what paperwork is necessary when selling your vehicle, and tips for finding the best deals on junk cars. Read on to learn more!

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You Can Sell an Old Vehicle to a Junkyard for Cash on the Spot

At first glance, it may seem silly to think that junk cars could have any value. However, the truth is that even seemingly worthless vehicles can still hold some worth. Junk cars can be repurposed for parts, or even scrapped for their raw materials. On top of that, certain car enthusiasts may be interested in purchasing old cars and car parts for restoration projects. While it may not be a huge amount of money, getting some cash back for a vehicle you thought was completely useless can be a nice surprise. So, before you write off your old clunker as completely worthless, consider the alternative uses and potential value it may hold. An auto salvage junkyard wants your old vehicle!

Junk Car Selling 101

▶ Old Car Value

When it comes to junkyards, most will accept any type of vehicle in any condition. However, the value of your car is based on its condition and the current market conditions for scrap metal. The more intact the car is, the more likely you are to get a better deal from a junkyard. It’s also important to make sure that you have all of the necessary paperwork when selling your vehicle, including titles and registration documents.

▶ Auto Salvage Yards

Before choosing an auto salvage yard, do some research online and read reviews from previous customers. This will give you an idea of what kind of service they provide and how much they typically pay for junk cars. Additionally, it’s always wise to call ahead and ask for a quote before making the trip. That way, you’ll know exactly what to expect when you arrive at the junkyard.

▶ Car Selling Costs

Finally, don’t forget to factor in other costs associated with selling your car. These can include paying for transportation to the junkyard, as well as any fees or taxes that might be required by local laws. Understanding all of these costs will help ensure that you get the best deal possible when selling your old vehicle. You can avoid any and all costs to sell a junk car by choosing the right Indianapolis junk car buyer.

Reputable and professional cash for cars companies will provide free junk car removal, regardless of age, make, model, or location. Other auto salvage yards will secretly deduct a towing fee from the offer they originally gave you, or just flat out charge you for haul away service upfront. Others will send an ambiguous check in the mail that might take weeks to arrive – and when it does, it is lower than the offer they quoted you. If you are selling a junk car to a junkyard, you should be the only one getting paid.

In Summary

By following these tips and doing some research beforehand, you can make sure that taking your old car to a junkyard is an easy and profitable experience. With the right knowledge, selling a junk car doesn’t have to be stressful or complicated.

So where can you find a junkyard business that provides all these services and beyond? Contact GC’s Junk Cars at 317-608-2188 to sell an old vehicle for cash in Indianapolis, Indiana. We offer free towing with our in-house tow truck, so all you have to do is call and accept our offer!

How to Diagnose Common Truck Transmission Problems

Posted on May 1, 2023 by junkcars17

Trucks are powerful and reliable vehicles, but they can also suffer from transmission problems just like any other vehicle. These issues can range from minor to severe, but it’s important to diagnose them quickly so you can get your truck back on the road as soon as possible.

In this blog post, we’ll discuss how you can diagnose common truck transmission problems such as slipping gears, rough shifting, and difficulty starting in gear. We’ll also provide some tips on when it might be time for a transmission repair or replacement. Continue below to learn more about diagnosing and fixing truck transmission issues!

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Quick Guide to Troubleshooting Truck Transmission Problems

Low Fluid Levels

The first step in diagnosing truck transmission problems is to check the fluid levels. Make sure that your vehicle’s transmission fluid is full, and if not, replace it with the correct kind of lubricant. If there is a leak in the system, you will also need to repair or replace any seals or gaskets as needed. This should be done before taking additional steps.

Slipping Gears

If the fluid levels are good but you notice slipping gears when shifting, this may indicate a bigger issue, such as worn synchronizers or internal damage to the transmission. You can check for these issues by inspecting the clutch and flywheel for wear and tear. If you find signs of wear or damage, it may indicate that a transmission repair or replacement is necessary.

Rough Shifting

Rough shifting can be an indication of a worn clutch or other internal damage to the transmission. You may also experience difficulty starting in gear, which could indicate a problem with the starter motor or clutch plate. It’s important to have these issues checked out by a qualified mechanic as soon as possible, as they could potentially lead to more serious problems down the road.

All or None of the Above

In some cases, it may be difficult to diagnose truck transmission problems yourself and you may need assistance from a professional mechanic. A good technician will be able to identify any underlying issues and recommend repair or replacement options that are right for your vehicle.

Seek Truck Transmission Repair Service

Overall, diagnosing truck transmission problems can be a tricky process, but it’s important to take the time to identify any underlying issues before they become more serious. Make sure to check fluid levels and inspect the clutch and flywheel for signs of wear or damage as part of your routine maintenance checks. If you experience difficulty starting in gear or shifting roughly, have your vehicle inspected by an experienced mechanic who can diagnose and repair any potential issues. Knowing how to diagnose common truck transmission problems is essential for keeping your vehicle running smoothly!

When You Cannot Afford to Repair Your Truck

Replacing, and even just repairing the transmission in a truck can be a costly undertaking, but the exact cost can vary depending on a few key factors. Firstly, the type of truck and the transmission model will play a role in determining the price. Additionally, mechanics will typically charge labor costs for the time it takes to remove the old transmission and install the new one. On average, you can expect to spend in the ‘thousands of dollars’ range, whether you need a repair or an entire replacement.

If you cannot afford to repair the transmission, or the cost to repair it exceeds the current market value for the truck, it may be deemed a total loss vehicle by the insurance or state. In this case, you can choose to scrap it for an instant cash payout. Indianapolis junk car buyers will accept any and all vehicles, regardless of age, make, model, or condition. Just be sure to choose a reputable Cash for Cars Company in Indianapolis to get free junk car removal and cash paid on the spot.

If this sounds like a great plan to you, don’t wait any longer! Sell your total loss truck to us! Give GC’s Junk Cars a call at 317-608-2188 and get started on the junk car selling process in Indianapolis, Indiana. Our auto scrappers pay cash upfront for all vehicles no matter their condition, plus free junk car removal! No extra fees or hidden charges ever!

The Pros and Cons of Replacing a Catalytic Converter on an Older Vehicle

Posted on March 29, 2023 by junkcars17

If you have an older vehicle, chances are you’ve thought about replacing the catalytic converter. Replacing a catalytic converter can be expensive, so it’s important to weigh the pros and cons before taking on such a project. In this blog post, we will discuss the costs associated with replacing a catalytic converter as well as some of the benefits that come with having a new one installed in your car. We will also provide some tips for making sure your replacement is done correctly and efficiently.

By understanding both sides of the coin, you can make an informed decision about whether or not replacing your catalytic converter is right for you.

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Average Cost of Catalytic Converter Replacement

The first thing to consider when looking into catalytic converter replacement is the cost–the total cost. Depending on your make and model of vehicle, replacing a catalytic converter in an older car can range anywhere from $300 to $2,000, not including labor, which can add up to $250 or more to the total bill.

This price tag may seem intimidating at first, however, it’s important to remember that the cost of not replacing a busted catalytic converter could be much higher in the long run. If you don’t replace a broken catalytic converter, you run the risk of damaging other components in your vehicle including your engine or exhaust system. By replacing yours now, you can avoid having to pay for costly repairs later down the road.

Benefits of a New Catalytic Converter

On top of saving money in the long run, there are also some benefits to having a new catalytic converter installed in your car. A new catalytic converter can improve engine performance as well as reduce emissions, allowing you to be more fuel efficient. Additionally, replacing a broken or aged catalytic converter may help increase the resale value of your vehicle should you decide to sell it later on down the road.

Catalytic Converter Installation

When it comes to replacing a catalytic converter, you want to make sure that the job is done correctly and efficiently. To ensure that this happens, seek out an experienced mechanic who specializes in replacement parts and ask plenty of questions about their process and experience with similar jobs. Ask for a quote up front so you know exactly what you’re getting into before agreeing to any work being done. Finally, make sure to keep all records related to the replacement, including receipts and warranties.

Do Your Research Before Replacing a Broken Catalytic Converter

Replacing a catalytic converter can be expensive and intimidating, but understanding the pros and cons of such a project can help you make an informed decision about whether or not it’s right for you. By weighing the cost versus the potential benefits, you can ensure that your investment is well-spent and that your car will be running at its best in no time. With a bit of research and caution, replacing your catalytic converter can be an easy process.

What To Do if the Cost To Repair Your Car Exceeds the ACV

If you’ve come to the realization that repairing your car will cost more than what it’s actually worth, it may be time to cut your losses and move on. In insurance jargon, your vehicle would be called a ‘total loss’ vehicle. You may want to sell your vehicle as-is in order to get back some of its value – and there are a variety of ways to do so. Regardless of the condition of your car, you could contact a local Indianapolis junk car buyer and sell them your totaled car for cash on the spot. Most Cash for Cars Companies offer free junk car removal too! Knowing when and how to cut your losses can be difficult but by following these steps, you’ll be sure to maximize the actual cash value (ACV) of your vehicle.

Ready to make some fast cash by selling your totaled vehicle so that you can place it toward a newer car? Contact GC’s Junk Cars at 317-608-2188 to get started with the junk car selling process in Indiana. We serve all of Central Indiana, including Edinburgh, Westfield, Plainfield, Zionsville, and more with free junk car removal!

How to Cut Down on Costly Car Repair Bills

Posted on February 20, 2023 by junkcars17

Do you dread taking your car to the repair shop because of expensive, unexpected bills? Many drivers experience this dilemma and are looking for ways to reduce their auto repair costs. Fortunately, there are some easy steps you can take that will help cut down on costly car repair bills. By following these simple tips and keeping up with regular maintenance checks, you’ll be able to save money on costly car repairs in the long run!

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Good Auto Maintenance Can Lower the Risk of Expensive Car Repair Bills

Taking good care of your vehicle is essential in order to keep it running smoothly and avoid expensive repairs. Regularly scheduled maintenance such as oil changes, tire rotations, brake inspections, and engine tune-ups can all help prevent bigger problems from occurring later on. In addition, being aware of warning signs like strange noises or smells can alert you to potential issues so they don’t become more serious down the road.

Research Budget-Friendly Auto Mechanics

When it comes time for necessary car repairs, be sure to do your research. Shop around and compare prices from different auto repair shops in order to get the best deal. In addition, you can find a lot of useful information online about car troubleshooting and potential solutions. If a repair seems too difficult or intimidating, consider talking with a friend or family member who may have more experience in this area. This way you can save money on labor costs and avoid expensive mistakes that often come with DIY repairs.

Safe Driving Helps to Avoid Expensive Car Repairs

Finally, don’t forget about preventative measures such as driving safely at all times and avoiding risky driving conditions whenever possible. Doing so will help reduce costly car repair bills by preventing accidents or other damage caused by poor driving habits.

By following these tips and staying up to date on regular car maintenance, you can save money on costly car repair bills in the long run. Taking good care of your vehicle will help ensure it runs smoothly for years to come!

When Car Repair Costs More Than Your Car

If the cost of repairing your vehicle exceeds the actual cash value, it can be deemed as a total loss. An inspection by a certified accredited mechanic must take place to properly evaluate how much the cost of repairs would be versus how much the total loss figures are. It may be feasible that extensive repairs need to take place but, in some sense, it leads to a conclusion that the vehicle is altogether beyond comprehension and any form of repair is impossible or impractical due to financial constraints. Therefore, economic points concerning actual cash value calculations and car repair bills positioned side by side should eventually conclude if it falls from its belief into precedence as a total loss.

Is the cost to repair your car more than the actual market value of your vehicle? This means your ride is totaled. Contact GC’s Junk Cars at 317-608-2188 to speak with a licensed and qualified junk car buyer in Indianapolis who pays cash on the spot for totaled car and trucks in Indianapolis, Indiana. We provide free phone quotes and junk car removal!

Is It Better to Donate or Sell a Junk Car?

Posted on February 7, 2023 by junkcars17

If you have an old or damaged car that’s taking up space in your driveway, you may be wondering if it’s better to donate or sell it. The answer depends on several factors, including the condition of the vehicle, how much cash you need right away and whether you want a tax write-off. Selling your junk car for cash is one option but donating it might make more sense in some cases. Here are some pros and cons to help determine which route is best for you.

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Junk Cars: Better as a Donation or Sale?

Selling Your Junk Car

When it comes to selling a junk car, the biggest pro is that you can get cash right away. You can either sell your vehicle to a local junkyard or place an ad online and wait for buyers. If you choose this option, be sure to check out what similar cars sold for in the area so you know how much you should be asking.

The downside to selling your car is that it can take some time and effort. You have to make sure the vehicle is in a condition that someone will want to buy, which may require you to spend money on repairs or spruce up the exterior. Keep in mind that when you sell the car, you will be responsible for assisting with the title transfer and other paperwork.

Donating Your Junk Car

Let’s take a look at the other hand. If you donate your car, you can get a tax deduction. To qualify for the tax benefit, make sure to donate your vehicle to an IRS-approved charity. The amount of your deduction will depend on factors such as the condition of the car and the charity’s use of it.

The downside to donating a car is that you won’t get any money from the transaction. Your tax deduction will have to be enough incentive for you to donate instead of selling. Additionally, some charities might not accept cars that don’t run or need extensive repairs, so make sure to check their requirements before donating.

Retain Proof of Sale or Donation

No matter which option you choose — selling or donating your junk car — make sure to check with cash for cars services, junk car buyers and local charities to get the best deal. Whichever route you decide upon, be sure to get a receipt from the charity or buyer so that you can have proof of the transaction for tax purposes.

Making a Decision to Sell or Donate Your Old Car

Ultimately, the best option for you will depend on your personal situation and preferences. Selling a junk car can provide cash right away but donating it could potentially offer a greater overall financial benefit in the form of a reduced taxable income. Consider both options carefully before making your decision.

Are you ready to trade your clunker in for cash on the spot? Contact GC’s Junk Cars at 317-608-2188 to connect with a certified Indianapolis junk car buyer for details on how to get started! We offer free junk car removal and accept all old or broken auto parts!

The Rising Costs of Owning a Vehicle

Posted on November 14, 2022 by junkcars17

If you’re a driver, then you know that the costs of auto repair can be pretty high. But what you may not realize is that the total cost of owning and operating a vehicle can be even higher. In fact, according to a new study from AAA, the average cost of owning and operating a vehicle in the United States is now $8,849 per year.

That’s right – the average cost of owning and operating a vehicle in the United States is now over $8,000 per year. And that number is only going to go up as the years go by. So, what’s driving up the cost of owning a car? Well, there are a few factors. Let’s scroll down to continue exploring this intriguing topic.

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Cost Breakdown For Car Ownership

Gas Prices are Insane

For one, the cost of gasoline has been on the rise in recent years. In fact, according to AAA, the average price of gasoline in the United States is now $2.64 per gallon. That’s up from $2.51 per gallon just a year ago. And as gas prices continue to rise, and so too will the cost of owning and operating a vehicle.

Car Insurance Isn’t Getting Cheaper

Another factor driving up the cost of car ownership is the cost of auto insurance. According to AAA, the average cost of auto insurance in the United States is now $1,555 per year. That’s up from $1,503 just a year ago. And as the costs of auto insurance continue to rise, so too will the cost of owning a car.

Auto Maintenance is Pricey

Finally, the cost of vehicle maintenance and repairs is also on the rise. According to AAA, the average cost of maintaining and repairing a vehicle in the United States is now $1,049 per year. That’s up from $1,021 just a year ago. And as the costs of vehicle maintenance and repairs continue to rise, so will the cost of owning a vehicle too.

Reconsider Buying a Car That is Brand New

So, what does all this mean for you? Well, if you’re thinking about buying a new car, you might want to think twice. The cost of owning and operating a vehicle is only going to go up in the years to come. And that means that your monthly car payment is only going to get higher and higher.

How to Save Money on Car Ownership Expenses

But don’t worry, there are still ways to save money on your vehicle ownership costs. For one, you can always buy a used car instead of a new one. Used cars are often much cheaper to own and operate than new cars. And they can still get you from point A to point B just as easily as a new car can.

You can also save money on your car ownership costs by shopping around for the best deals on auto insurance. There are a number of different auto insurance companies out there, and each one offers its own set of rates and discounts.

Do you have a car that is not worth investing any more money into? Would you like to make fast cash by selling your junk car? Contact GC’s Junk Cars at 317-608-2188 to get started on the car selling process, today! Our Indianapolis IN junk car buyers pay cash on the spot for all vehicles, no matter the condition! Plus, we offer free junk car removal! No hidden fees, ever!

How Long Do Vehicles Last?

Posted on November 3, 2022 by junkcars17

How long do cars last? It’s a question we hear a lot, and unfortunately, there’s no easy answer. Cars are complex machines with many different parts, and each part has its own lifespan. So, when it comes to figuring out how long a car will last, it really depends on a number of factors.

Continue below to learn which factors impact the total lifespan of a car or truck, from the date it is manufactured to the time it has driven its very last mile. Stick around to the end for a bonus tip on how to make the most out of a junk car that is no longer worth repairing!

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Factors That Impact the Lifespan of a Car or Truck

What influences the number of years a car or truck will last after it is built and sold to its first owner? Well, there are a number of variables to consider when estimating this automotive timeline. The first factor is the quality of the car. A high-quality car that’s well-made and uses high-quality parts is likely to last longer than a lower-quality car. The second factor is how the car is used. A car that’s driven gently and regularly serviced is likely to last longer than a car that’s driven hard and not serviced as often.

The third factor is the environment. A car that’s driven in a hot climate is likely to have a shorter lifespan than a car that’s driven in a cooler climate. And finally, the fourth factor is luck. Some cars just seem to last forever, while others have problems early on and don’t make it to their full potential.

So, when you’re wondering how long a car will last, keep these factors in mind. There’s no easy answer, but with a little bit of knowledge, you can get a better idea of what to expect from your vehicle. With that being said, at some point in time your vehicle will be totaled, meaning its current market value is below the cost to maintain it as an operational vehicle. In the automotive insurance industry, this is referred to as a total loss vehicle.

Total Loss Vehicles and Insurance Standards

A total loss vehicle is one that is so damaged, it’s not economical or safe to repair. When a car is totaled, the insurance company pays you the market value of your car minus the deductible on your policy. If you still owe money on the car, the lender will get paid first from the insurance payout. You may be able to buy back your totaled car from the insurance company, but it’s usually not worth it. Total loss claims are one of the most common claims made on auto insurance policies.

If your vehicle is not insured, you can choose to scrap it at a local Indianapolis auto salvage yard and get paid for its actual cash value. You can then put your earnings toward a new vehicle purchase. Not only junk car sales profitable for you as the junk car owner, but it is also a magnificent effort toward one of the most critical global efforts to preserve our natural resources, create jobs, boost the economy, and much more. Just be sure to choose a qualified and reputable Cash for Cars Company in Indianapolis to get the best payout, the most convenient amenities, and assurance that your junk car will be recycled responsibly.

What You Need to Know About Your Fire Damaged Vehicle

Posted on September 26, 2022 by junkcars17

If your car catches fire, there are some things you need to know about insurance coverage and the claims process. Since there are different scenarios that can cause a car to catch fire, you can expect to come across different limits of coverage and procedure for each. Continue reading to learn some basic information about car insurance claims and coverage in the case that a vehicle is burned down in a fire.

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Not All Car Fires Render a Totaled Car

Car fires will clearly do a lot of damage to a vehicle. In most cases, cars are rendered a total loss after an engine or chassis fire. Fortunately, most insurance policies offer additional coverage for fires. This is called “comprehensive coverage”, and it will cover damages caused by a fire regardless of how the blaze occurred. However, this type of coverage must be purchased before a fire occurs. Some of the most common causes for automotive fires include car accidents, engine fires, garage fires, and arson.

Motor Vehicle Accidents

Motor vehicle accidents are one of the most common causes for car fires. Serious vehicular collisions and accidents can damage fuel lines and fuel tanks, which leads to gasoline leakages. A tiny spark from metal colliding together is all it takes for combustion to happen. This is often the reason why fires break out after a car accident.

In terms of insurance coverage, the answer can be complex. Depending on how the blaze occurred and the parameters of your coverage, the damage could fall under comprehensive or collision. It is necessary to discuss this with your insurance adjuster to learn the details pertaining to your particular policy. If you do not have collision coverage insurance, there is still a possibility that it could be covered under comprehensive.

Garage Fires

In the case of garage fires, which are more common than you think, vehicles can experience a severe amount of damage. Most of the time, they are rendered totaled. Because garage fires are commonly caused by a household hazard or malfunction, people tend to assume that homeowners’ insurance will cover the damages to their vehicles; but the truth is that homeowners’ insurance never covers vehicles. Instead, cars damaged in garage fires are only covered under comprehensive coverage.

Engine Fires

Engine fires generally result in a total loss vehicle. That is because the cost to purchase and install a new engine is often close to the actual cash value of the vehicle. In this case, comprehensive coverage will cover engine fires. However, it is important to know that car insurance policies do not typically cover mechanical defects in car engines. Fires are the exception to this rule. Whether a vehicle is a total loss or not, a car insurance policy will likely pay the actual cash value of the vehicle minus the owner’s insurance deductible.

Arson

There’s not much to say about the criminal act of arson, except that it does happen to vehicles and the damages can be covered by car insurance policies. Comprehensive coverage covers vandalism, so if a vehicle is intentionally set on fire, the damages are covered so long as a police report is made.

Sell a Burned Car in Indianapolis for Cash on the Spot

If your car is damaged in a fire, you likely have a total loss vehicle on your hands. Sell your totaled car for cash on the spot to a local junk car buyer. They will pay you cash for the actual cash value of your vehicle. This is sometimes more than what you can get from your insurance company!

Not sure which Cash for Cars Company in Indy to trust for the highest junk car payout? Contact GC’s Junk Cars at 317-608-2188 to speak with a licensed and qualified junk car buyer about scrapping a burned vehicle in Indianapolis, Indiana. We provide free phone quotes and junk car removal!