Wrecked Car Damaged Vehicle Blog

Rent-a-Car Companies Don't Repair their Wrecked Vehicles - Should You?

Joseph Coupal - Monday, December 31, 2012

Car Rental Agencies, Leasing Companies and Manufacturers only repair cosmetic damage to vehicles in their fleet. These repairs are generally under $2000. Vehicles that have more significant damage are sold instead of repaired – especially if there is structural damage. Why? Because the pros know that a damaged vehicle's value is permanently diminished, even if it is expertly repaired. Factor in the cost and time associated with repairing the vehicle, it is a no-brainer for these large institutions - sell the vehicle immediately after the wreck - TIME IS MONEY!

If the "smart money" vehicle pros are selling instead of repairing - YOU SHOULD TOO! Just like the stock market, the big banks and multinational companies always seem to make the right move - and you are left holding the bag. DamageMAX can't help you with your stocks, be we can give you the advantage the big guys have had for years - we will pay top dollar for your wrecked car AS-IS. Don't drive that subcompact rental waiting around for the body shop to fix your car - take the cash from DamageMAX now and buy a new car.

Big institutions have been selling their wrecked cars for years - it is time for a paradigm shift for the wrecked vehicle consumer. Just as you would not repair a broken television, clock or microwave, don't repair your wrecked vehicle. Sell it to DamageMAX and let us worry about what to do with your wrecked car. We buy damaged vehicles every day and specialize in your once-in-a-lifetime problem. DamageMAX lets you be an insider!

It’s your right not to repair your vehicle. You may request the settlement check and not repair the vehicle. If you wrecked your car and simply just don't feel comfortable driving the car again, please consider selling your damaged vehicle to DamageMAX. DamageMAX will buy your wreck and you keep the insurance check! Why repair an old or worn out vehicle?

DamageMAX will buy your wreck and you keep the insurance check!

DamageMAX pays MAXimum value for your Damaged vehicle

Call 888-629-2137 or email info@damagemax.com for an instant quote! 

Don't Drive your Wrecked Car off the Fiscal Cliff

Joseph Coupal - Friday, December 28, 2012

DamageMAX buys your WRECK and you keep the insurance CHECK!

Fiscal cliff” is the popular shorthand term used to describe the conundrum that the U.S. government will face at the end of 2012, when the terms of the Budget Control Act of 2011 is scheduled to go into effect.

Among the laws set to change at midnight on December 31, 2012, are the end of last year’s temporary payroll tax cuts, the end of certain tax breaks for businesses, shifts in the alternative minimum tax that would take a larger bite, the end of the tax cuts from 2001-2003, and the beginning of taxes related to President Obama’s health care law. At the same time, the spending cuts agreed upon as part of the debt ceiling deal of 2011 will begin to go into effect. According to Barron's, over 1,000 government programs - including the defense budget and Medicare are in line for "deep, automatic cuts."

Big multinational companies are rushing to pay dividends and sell assets by the end of 2012. The smart money is on selling - don't be left behind. In the 2008 financial crisis the little guy got left holding the bag while Wall Street got bailed out. Used vehicle values are at an all time high - don't be fooled again – sell now, before vehicle values take a dive.

If you own a wrecked car, now is the time to sell. Don't add insult to injury by driving off the fiscal cliff. DamageMAX will buy your wreck and you keep the insurance check! DamageMAX specializes in damaged/wrecked, inoperable and problem vehicles.

DamageMAX pays the MAX!

Call 888-629-2137 or email info@damagemax.com for an instant quote! 

 

How CARFAX kills Wrecked Vehicle Resale Value (WVRV)

Joseph Coupal - Wednesday, December 26, 2012

Vehicle history reports such as CarFax and AutoCheck are a critical part of the used vehicle transaction. If you are selling a vehicle with a "Bad CarFax" you can expect to see up to a 16% reduction in selling price - and this is after you've sunk the money into repairing your wrecked car!

Nearly a quarter of a billion (250 million) vehicle history reports are purchased every year in the United States. That's one for every car on the road. However, that statistic is somewhat misleading - the average car for sale has 4-5 vehicle history reports pulled - by multiple potential buyers (consumers and dealers). An independent consumer study indicated that 3 out of 4 used car buyers bought a vehicle history report as part of their research.

What do these incredible statistics mean? Even if you repair your car after a collision, there is no way to hide the accident from potential buyers. Even if the car was repaired to your manufacturer's specifications, its value is impaired permanently because virtually every buyer will know it was wrecked and they assume the worst. This is called STIGMA history - a scarlet letter for the wrecked vehicle owner.

It is time for a PARADIGM SHIFT on handling your vehicle post accident. Just as you would not repair a broken television, clock or microwave, don't repair your wrecked vehicle. Sell it to DamageMAX and let us worry about what to do with your wrecked car. We buy damaged vehicles every day and specialize in your once-in-a-lifetime problem.

It your right not to repair your vehicle. You may request the settlement check and not repair the vehicle. If you wrecked your car and simply just don't feel comfortable driving the car again, please consider selling your damaged vehicle to DamageMAX. DamageMAX will buy your wreck and you keep the insurance check! Thought you could not have your cake and eat it too? Not so with DamageMAX!

DamageMAX will buy your wreck and you keep the insurance check!

DamageMAX pays MAXimum value for your Damaged vehicle

Call 888-629-2137 or email info@damagemax.com for an instant quote! 

The Sum of the Parts are Usually Worth More than the Whole, Especially in the Damaged Vehicle World

Joseph Coupal - Monday, December 24, 2012

DamageMAX announces education series for consumer awareness.

The sum of the parts are usually worth more than the whole, especially in the damaged vehicle world.

Here are some great examples:

  1. The Engine from a 2006 Nissan Maxima is worth about $500
    • FALSE – an complete engine assembly sells for $1500 on average
  2. The Right Front Door from this car is worth:
    1. $250
    2. $500
    3. $650
    4. $850 – if you guessed $850 you are correct
  3. The transmission from this vehicle is worth:
    1. $500
    2. $750
    3. $1500
    4. $2000 – yes, on average the transmission will fetch $2000

2/3rds of all accidents are front end collisions which creates demand for those parts from the windshield, forward. That includes the engine and the transmission in almost all configurations. If your vehicle has a good engine and transmission and the miles are below 85,000 it has significant value left that you can convert to cash. Sell your wrecked vehicle to DamageMAX and get a head start on a replacement vehicle.

DamageMAX will buy your wreck and you keep the insurance check!

DamageMAX pays MAXimum value for your Damaged vehicle

Call 888-629-2137 or email info@damagemax.com for an instant quote!

Don’t Fix your Wrecked Car – Sell It Now

Joseph Coupal - Tuesday, December 18, 2012

Selling a repaired vehicle will cost you up to 12% in diminished value

One in six cars in the U.S. shows an accident history on record according to a recent study by CarGurus. Even a professionally repaired vehicle is worth up to 12 percent less than those of comparable cars without an accident history.

CarFax and other vehicle history reports are your friend if you are a buyer, but can really hurt your wallet if you are a seller.

It is your right not to repair your vehicle. You may request a settlement check and not repair your vehicle. If you wrecked your car and simply just don't feel comfortable driving the car again, please consider selling your damaged vehicle to DamageMAX. DamageMAX will buy your wreck for top dollar and you keep the insurance check! Thought you could not have your cake and eat it too? Not so with DamageMAX!

Sell your wrecked car to DamageMAX today! Take the DamageMAX check and your repair check and buy a new car tomorrow. DamageMAX will deal with the headache that WAS your car.

DamageMAX will buy your wreck and you keep the insurance check!

DamageMAX pays MAXimum value for your Damaged vehicle.

Call 888-629-2137 or email info@damagemax.com for an instant quote!

Been in an Accident?

Joseph Coupal - Friday, December 14, 2012

Don't be a victim twice - sell your wrecked car for top dollar NOW!

It's the worst day of your life. You've been in a serious car accident. Thank goodness the airbags saved you from serious injury. Now you've got to deal with the insurance adjuster and the body shop. Talk about adding insult to injury - your car's going to be in the shop for a month and you'll be driving a subcompact rental. But that's just the way it is.

Correction - that's the way it was! It is your right not to repair your vehicle. You may request the settlement check and not repair the vehicle. If you wrecked your car and simply just don't feel comfortable driving the car again, please consider selling your damaged vehicle to DamageMAX. DamageMAX will buy your wreck and you keep the insurance check! Thought you could not have your cake and eat it too? Not so with DamageMAX!

Don't drive that subcompact for a month. Sell your wrecked car to DamageMAX today! Take the DamageMAX check and your repair check and buy a new car tomorrow. DamageMAX will deal the headache that WAS your car.

DamageMAX will buy your wreck and you keep the insurance check!

DamageMAX pays MAXimum value for your Damaged vehicle

Call 888-629-2137 or email info@damagemax.com for an instant quote!

What Your Auto Insurer Doesn't Want You to Know

Joseph Coupal - Wednesday, December 12, 2012

Industry Secret #2

"State Minimum Coverage"

"Legal for Less"

"Liability Only"

You stretch to make ends meet… you're a great driver, why pay for all that extra insurance? You've never even filed an insurance claim before...

Until now! Just when you think nothing else could go wrong, you’re in an accident. You looked down for one second to see who texted you - and now your car is wrecked.

You call your insurer hoping for help - but they can't - you were at fault and you are not carrying collision or comprehensive coverage. You can't even get reimbursed for a rental until you sort things out. Now your car won't move and you can't afford to repair it. How are you getting to work tomorrow? What should you do with your wrecked car?

If you are lucky, your insurance company already has a custom referral program with DamageMAX and we will buy your total loss car. If not, don't despair - DamageMAX is now open to the public. DamageMAX buys wrecked cars, all over the USA.

If you wrecked your car and simply just don't feel comfortable driving the car again, please consider selling your wrecked car to DamageMAX. DamageMAX will buy your wreck “AS-IS"!

DamageMAX pays MAXimum value for your Damaged vehicle

Call us 24/7/365 at 888-629-2137 or email info@damagemax.com for an instant quote!

You just wrecked your vehicle?

Joseph Coupal - Monday, December 10, 2012

How to deal with the storage / tow yard

You just wrecked your car… your vehicle is blocking traffic, leaking fluids everywhere and the rubberneckers are glaring at you - some honking as they steer around accident debris and speed off. You wish you could do the same, but you have no choice but to wait for the police to come and sort things out. You are now a victim of “the process” and have no control over what happens next.

Upon arrival at the scene, the police officer will call for medical assistance (if necessary) and dispatch tow equipment to clear all vehicles from the roadway. He is going to follow procedure which means the towing company is pre-selected by the jurisdiction over that thoroughfare at the scene of the accident.

The police do not care about who picks up your car, where it is towed or how much it costs. One thing for certain, they are not going to wait for AAA and your tow bill will be 3 to 4 times what you would normally pay, in fact, the rates may not even be regulated. In some cities the average tow & storage bill is close to $1,000.

Unscrupulous impound yards and body shops often pay tow truck drivers a bounty to deliver them wrecked cars. Once the car is there the impound yard or body shop begins charging daily storage - anywhere from $20 - $75 per day plus an administrative fee (blue sky for services not rendered). We have seen administrative fees as high as $175 tacked on to tow & storage bills which in many jurisdictions is illegal!

All these charges can build quickly and some yards will demand “cash only” to get your vehicle released. In some cities like Chicago, this is quite common. If you can't pay, they demand the title for your vehicle!

Body shops will often waive or reduce this charge if you repair the vehicle at their facility. Seems like a nice gesture, right? Yes and no. If the body shop is reputable and performs quality repairs, you should be fine. If not, they will hold the storage and tow charges over your head to bully you into repairing the car there, even if you don't feel comfortable with the shop.

You may not even feel comfortable repairing the car. You just want to sell it and get a new vehicle. If this is the case, you must act quickly to stop the storage charges. The faster you can get your car out of storage, the more you save –especially if your insurance company wont cover these costs. DamageMAX will buy your car, pay off the storage/tow charges and you keep the insurance check. We can't help you if you don't call though. The faster you call us, the more money that will be in your pocket.

It’s your right not to repair your vehicle. You may request the settlement check and elect not to repair your vehicle. If you wrecked your car and simply don't feel comfortable driving the car again, please consider selling your damaged vehicle to DamageMAX. DamageMAX will buy your wreck and you keep the insurance check! Thought you could not have your cake and eat it too? Not so with DamageMAX !

DamageMAX will buy your wreck and you keep the insurance check!

DamageMAX pays MAXimum value for your Damaged vehicle

Call 888-629-2137 or email info@damagemax.com for an instant quote!

I Just Wrecked My Car!

Joseph Coupal - Wednesday, December 05, 2012

What should you do?
 
Repair it?  Maybe.  Accidents with less than $2000 in damage can be quickly fixed with minimal down time and rental vehicle expense.  IMPORTANT:  vehicles with less than $2000 in damage most likely have superficial(cosmetic) damage rather than structural repairs which affect vehicle integrity and market value.
 
Moderate to severe collision damage (more than $2000) will take your vehicle off road for several weeks.  Before you make the decision to repair your vehicle look at the following:

  1. Model Year – if it’s older than 2009, it makes good sense to trade out now
  2. Miles – more than 80,000 miles and the red flag should be up – do you really want to put money into a car with limited life left in it?
  3. Market Value – if the damage on your car is greater than 20% of the BOOK VALUE – do not fix the car!

Sell your junk car to DamageMAX for TOP DOLLAR and pocket the repair check.
 
Take both checks and buy a new car or upgrade to a nicer pre-owned vehicle.  
 
DamageMAX pays MAXimum dollar for your junk car.
 
Even damaged, your vehicle has valuable parts and components that can be resold here in the US or abroad.  Today, the carcass of a vehicle can be sold by the pound to nations where steel is scarce and in high demand.
 
DamageMAX will buy damaged vehicles AS-IS and we pick up for free!  Consumers stuck with a damaged vehicle can get quick cash to put toward a replacement vehicle.  If you can't or won't have your car repaired, simply pocket the insurance claim check and DamageMAX will pay you to walk away from the vehicle.
 
Call 888-629-2137 or email info@damagemax.com for an instant quote!




GET A MORE PRECISE OFFER

Does your car have body damage ?

Number of airbags blown?

Do you have a collision estimate?

What is your insurance deductible?

Is your car drivable?

Do you have the car’s title?

Does the vehicle have a salvage or rebuilt title?

Does the vehicle motor run?

YOUR CASH OFFER!

CASH OFFER FOR YOUR
DAMAGED VEHICLE

$
Fair market value prior to accident $


Sell my damaged vehicle
Check for my vehicle AS-IS

This represents a cash offer for the vehicle as described by the seller.

$
Net Repair Check

Proceeds for repairs that can be used for purchasing a replacement vehicle.

$
Deductible Payment

Amount you save if you sell the car now

$
Cash Toward a New Vehicle
$
Out of Pocket Expenses
($0)