You can get rid of a totaled car by letting your insurance company take the vehicle, selling it, or donating it to a charitable organization. Once your vehicle has been declared a total loss, you may have the option to keep it, but the process of repairing a totaled car is expensive and difficult. Most states have strict regulations on totaled vehicle repairs, and getting the vehicle road-legal again is often not worth the time and money.
Ways to Get Rid of a Totaled Car
1. Let your insurance company take the vehicle.
If you caused an accident that totaled your car, you may be able to receive the actual cash value (ACV) of your totaled car from your insurance company if you have comprehensive or collision insurance. If they do pay out the ACV, you likely will need to sign the vehicle’s title over to the insurer, and they will become the legal owners.
If you were not at fault, the at-fault driver’s insurance company will cover your vehicle’s value. They will also take ownership of the car if you accept the ACV payment.
2. Sell the totaled vehicle.
If you don’t have comprehensive or collision insurance, or you choose to keep your totaled car, you can likely sell your vehicle to a dealership or junkyard. Be aware that you’re unlikely to get the actual cash value of your car this way. Rather, you will probably get however much the vehicle is worth in scrap or parts.
3. Donate the totaled vehicle.
Many charities accept vehicle donations because they can then sell the vehicle themselves for more funds. Additionally, you may be eligible for a tax deduction in exchange for your donation, depending on where you live.
To learn more, check out WalletHub’s guide to totaled cars.
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