Can I Sell My Car After an Accident?
Have you been in a recent accident? Were you planning on selling your car, truck or SUV? You may have thought that your chances of selling your car for more than parts has gone down the drain. You may have wondered – can I sell my car after an accident – and the answer is yes. Learn more about how to sell a damaged vehicle with a current insurance claim with this quick guide created by The Car Depot in the Huntsville area.
How To Sell a Car After an Accident
The Car Depot wants to buy your car – no matter what condition it is in – and yes that means cars that have been in an accident. Damaged cars, trucks and SUVs will have diminished value when you choose to sell – but the value will depend on the extent of the damage. Vehicle values can go down as much as 50% after an accident where the vehicle is totaled – but in most cases, you can expect a decrease in value of about 30%.
Do you have an unsettled insurance claim for your car, truck or crossover? You can sell a car with an unsettled claim – but it is best practice to wait until the insurance claim is finalized. Automotive insurance claims take about 30 – 45 days to settle – depending on the circumstances around your insurance claim, roadside assistance claims and liability claims. Here is a quick look at what you need to know when you sell your car after an accident.
- It is not recommended to sell your car prior to the settlement of your insurance claim. Your insurance carrier will need to survey and calculate the damage to your vehicle prior to a settlement and that is an important part of your open insurance claim.
- Do not sell a damaged car, truck or SUV prior to the conclusion of any insurance investigation. We know you want to sell your car and sell it fast, but if you sell before the investigation is complete, you may not be eligible to receive damages.
- It is important to understand that your damaged vehicle will lose some value after an accident – but you may be able to file a diminished value claim in select cases to regain some of the loss.
READ MORE: Can You Get Your Car Appraised Online at The Car Depot?
Can you sell your car after an accident? It is an important question to ask – and we are here to help at The Car Depot. Find out how to sell a car, truck or SUV you still owe money on and much more when you choose The Car Depot in Birmingham, AL!