WHAT MECHANICAL DAMAGES ARE MORE COSTLY TO FIX THAN THE VEHICLE IS WORTH IN THE STATE OF TEXAS
If you’ve been in a car accident or your car shows the obvious signs of wear and tear, the estimate from your mechanic might make your jaw drop. You’re left staring at those numbers and wonder if it’s really worth it or you’re better off just getting rid of it.
To help you make up your mind, you should contact JUNK CAR AUSTIN at 512-789-2177 to get a quote on your car as-is, before you even think of making any repairs. Should you invest more money in a wrecked car or sell it and put the money towards a new car?
The most costly damages to a car
There are certain problems, like a blown engine or a busted transmission, that are so expensive it really doesn’t make sense to put that kind of money in your old car. Why pay for repairs that cost more than the value of your car?
The same goes for a bent frame or replacing the catalytic converter. In most cases, the cost of the repairs are so high it’s simply not worth the trouble.
Repair the car or junk it?
You need to look at the numbers. What is the cash value of your car? Maybe you’ve had it for a few years and you could get something like $5-6,000 if you tried to sell it, after you fix it. Should you pay a few thousands to get it fixed? It’s value will still be $6,000 at the most.
Or should you put all that money into it, use it for another couple of months only to watch it break down again? What’s the point?
To put it simply, when you’ve come to a point where the repairs needed cost more than 50% of your car’s cash value, you’re better off just getting rid of it.
What if the car is totaled
When you’ve been in a serious car accident and your vehicle is badly damaged, the insurance company might label it as a total loss. A totaled care is beyond repair or maybe you could still fix it but the repairs would end up being far more costly than the cash value of the car.
Such a car might be unsafe for the road even if you decide to fork out the money to fix it. Once a car has been totaled by insurance, in order to be able to drive on public roads again you will have to go to the DMV and have the title re-branded as a rebuilt car. That’s if they approve of the repairs and deem them car safe enough. If they don’t, you’re left with a car you cannot drive on public roads and all that money was spent for nothing.
If your car was totaled by insurance, you can decide to sell it yourself. In the state of Texas, your best option is JUNK CAR AUSTIN, where you get-free towing, quick pick up of the wrecked vehicle and cash in hand.