Wrecked Car Damaged Vehicle Blog

Sell a Wrecked Honda

Joseph Coupal - Wednesday, March 26, 2014

Honda owners are discriminating, loyal and proud of their vehicle regardless of age or miles. That said, most Honda's are kept in excellent condition by their owners and they keep performing, delivering impeccable fuel economy for many miles and years of use. Because of their strong resale value, rarely is a Honda "scrapped", they just keep getting resold and refurbished or "re-purposed" by another Honda lover.

If you wreck your Honda and can't or don't want to repair it, DamageMAX is here to help you make the most of that situation. If it sells good new, it will sell good used and the parts will be in demand for another vehicle that needs repair. Don't junk that wrecked Honda, sell your Honda for Top Dollar to DamageMAX.

For an immediate cash offer on any Honda, please call (888) 629-2137 or visit damagemax.com.

Thinking About Donating a Wrecked Vehicle?

Joseph Coupal - Thursday, March 20, 2014

One of your kids was texting away and wrecked mom's hand-me-down. The car has 100,000+ miles on it and you opted for the $1000 deductible in an attempt to "neutralize" the rate beating your insurance carrier threw you with the addition of those newly licensed drivers you are raising.

Seems like you might be throwing good money at a not so good cause by fixing the vehicle, so you look for a way out it. Junior suggests "Let's donate it Dad, and we'll get something else!" He never liked the old family sedan anyway, time for a "tuner car, right dad"? WRONG! Let's talk about the donation idea…

You hop on Google and search "car donation" and this is what you see -

About 93,300,000 results (0.36 seconds)

There are 93 Million results for the search "car donation" and there are no easy answers. Talk about a quagmire!

About a million cars get donated annually and about 75% of them are end-of-life vehicles. The other 25% are running and driving "granny cars" that are usually worth thousands of dollars. What happens to these cars will shock you and may even hurt your feelings. Most of the car donation sources are not charitable concerns they are car dealers, some of them are not even licensed. Many are recyclers posing as car donation processors that will try to pay you cash for the car and talk you out of the donation anyway. Donating a vehicle is not really an efficient way of getting the most out of the vehicle. There are very high disposal charges associated and the processor will usually take a % of the proceeds, leaving pennies on the dollar left for the charitable concern. Many times, those really nice "granny cars" seem to vanish into thin air and the charitable concern gets a check for a few hundred instead of a few thousand dollars!!!

If you want to get rid of a damaged vehicle and get top dollar for it, call DamageMAX.com. We always tow for free and we won't charge you any processing fees, title charges or administrative fees. You will always get paid the full amount that you negotiate with us.

Then take the proceeds from the sale of "Old Bessie" and send them to your favorite charity. It's a cleaner and simpler transaction and you'll know exactly where your money went.

For additional information on donating a wrecked vehicle, or no obligation price quotations, please contact www.damagemax.com.

Diminished Vehicle Value – The Perfect Storm for Insurance Companies

Joseph Coupal - Wednesday, March 12, 2014

Diminished Value is probably the dirtiest thing you can say to an insurance adjuster. Just say it and watch them get weird…Insurance adjusters are trained to be neutral and generally stoic by nature. It's pretty hard to "rattle their cage" unless you say the magic words "Diminished Value" or DV.

Diminished Value occurs when an automobile is involved in an accident, vandalism, storm or some other type of event where physical damage occurs.

There are three levels of diminished value:

  1. Stigma DV – the insurance companies involved will report your claim along with the settlement amount to data providers that will feed the information subsequently to CARFAX and AutoCheck. The vehicle will have a score that is impacted by this history and the value of the vehicle will depreciate up to 15% just because the vehicle was previously damaged.
  2. Frame / Structural DV – when there is physical evidence that a vehicle has been repaired extensively and the structure of the vehicle was compromised. The quality of the collision repair work is not in question, it is the fact that significant structural repairs were made to the vehicle. A good benchmark for the potential of structural DV would be collision repairs totaling to greater than $3500.00
  3. Sub-standard Repairs – physical evidence of poor quality repairs would significantly impact the value of the repaired vehicle. This compounds the DV effect as corrective repairs will be required before any estimate in DV can be ascertained.

Vehicle Data reporting sources like CARFAX & AutoCheck have created tremendous awareness, even fear and the american consumer is possessed with knowing vehicle history before they consider purchasing a vehicle. Great for CARFAX & AutoCheck, bad for insurance companies! Why? Because there are new businesses sprouting up every day to ride the Diminished Vehicle Value wave. There are companies like WreckCheck and TrueFrame that inspect previously damaged vehicles for repair quality in an attempt to restore a portion of the vehicles diminshed value. This comes at a price however, and the consumer must pay a few hundred dollars to get a certification that their vehicle was repaired properly. Sound fair to you? WRONG! You are sitting at a stoplight minding your own business and you get blasted from behind by a "texting teeny bopper" in mommy's Expedition. You are not at fault, and mommy's insurance company is quick to tell you they will be handling the repairs, but what about Diminished Value? Your vehicle is going to take a big hit in the value department and you won't be getting compensated for it?

CARFAX just announced that they will begin a classified listing service for automobiles. This will create more awareness as vehicles will only be listed "with" history reports visible for the consumer to peruse.

So if you're the victim of an accident and you believe you are not at fault, ask about being compensated for the Diminshed Value.

For more information on diminished vehicle value or to sell a previously damaged vehicle, please visit damagemax.com.

Should You Salvage Your Vehicle?

Joseph Coupal - Monday, March 10, 2014

We see a lot of blogs on this topic all over the internet. Most of them self-serving attempts by a junk yard trying to earn a few extra "Google Clicks" a month. Usually, there isn't any valuable information contained in the blog itself, just lots of the same key word phrases over and over…This is called "stuffing" and it's an SEO tactic that is considered to be "gray hat" by the Google Police. Let's take a look at what salvage means…

Salvage defined - to gain something beneficial, from a failure or catastrophe. That something beneficial would be cash!

It's important for you to understand what salvage means in terms of automobiles before you decide to sell your vehicle. In the world of Damaged Vehicles, there are 3 categories or levels of vehicles with specific buying audiences for each:

Scrap/End of Life = Less than $1000
Parts Only = Less than $3500
Rebuildable = More than $3500

This information is extremely valuable if you don't know what category your damaged vehicle falls under. Many people have an accident with a late model vehicle and sell the car for scrap to a junk yard. There are hundreds of sites on the internet that hone in on the word JUNK, or JUNK YOUR CAR, or SELL JUNK CAR. People that sell their car to one of these firms probably just gave away hundreds of dollars by selling their "asset" for far below market value. No automobile is JUNK. It may fall into End-of-life, or SCRAP but it still will fetch a few hundred dollars and if it can be used for parts or rebuilt (repaired) it may bring thousands of dollars!

If you have a damaged vehicle to sell and you are uncertain what it is worth and just want a free price quote, please call (888) 629-2137 or visit http://damagemax.com/contact-us.htm.




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