Sometimes, fixing the car costs more than it’s worth—this is what they call “totaled.” If that happens, how much money I get back depends on myinsurance coverage details. Keeping good records is crucial here. Photos and notes can make a big difference later if there’s a dispute or...
After a car accident, you may need to take additional steps, such as calling a tow truck, working with your insurance company or consulting a lawyer. Call a tow truck Depending on the severity of the crash, you may have a severely damaged or totaled car that’s in no shape to drive ...
Even reliable cars are more likely to break down as they age, and many times, that’s after the warranty expires. Common problems associated with Volvos are transmission shifting issues and transmission failure. Costs vary depending on the make, model, and mechanic, but to give you a quick ...
this means that the cost of the repairs was 50% or more of the vehicle’s value. You may also hear this referred to as a “totaled” vehicle. In some states, a salvage title can mean the car
new car purchases increased in the third quarter of 2024 while used vehicle purchases remained the same. This may be due to a shortage of used cars, which has inflated their prices. In some cases, buyers’ monthly payments on new cars are marginally higher compared to what they would pay ...
No one's injured, but my car is a totaled. What do I do? Role card 1A Agent 57 Explain what the first steps are in making the insurance claim. Role card 2A Caller I had an accident yesterday. It wasn't my fault, and I've already filed a report, but I want to know what I ...
the interest rate and length of the loan can change. Ask your auto insurance company what they'll pay if the car is declared a total loss. If that amount is less than you owe, consider adding gap coverage to the new loan to protect the car in the event that it is totaled in an ac...
Salvage title cars have been totaled from an insurance perspective. It may be challenging tosecure financingwith a lender if you want to buy one. If you do, it’s likely that you could be charged a high interest rate on your loan. ...
Contact local auto repair shops, salvage yards, and scrapyards to inform them about the theft. Provide them with the details and request that they keep an eye out for any vehicles matching the description. Stolen cars are sometimes brought to these establishments for repairs or to be scrapped ...
Both cars are 1992 Miatas, but they’re not the same vehicle. And so, obviously, the person who really loves it and maintains it is probably going to get more for that because it’s worth more and they have the documentation. So, I like to think of it as you do your part and kee...