: A branded title significantly lowers the car's future market value.
: They also determine the Salvage Value (what they expect to get for the car at a junk yard or auction).
: The insurer calculates the Actual Cash Value (ACV) of your car (what it was worth right before the accident).
: In most states, the insurance company will notify the DMV, and your clean title will be branded as a Salvage Title . Steps to Buying Back Your Totaled Car
: Once the settlement is finalized, you are responsible for moving the car from the storage lot or repair shop to your home or a mechanic. Pros and Cons
Do you have a or repair estimate you'd like to run the numbers on?
: Some states have strict regulations on whether certain "severely damaged" vehicles can be sold back to owners.
: Compare the repair estimates against the settlement check you’ll receive after the salvage value is deducted.
