How To Keep And Sell Your Total Loss Car For Cash?

If you’ve been driving for a while, you’ve probably come to terms with the fact that road accidents are not avoidable. In fact, thousands of incidents occur in Australia each year, resulting in severe injuries or, worse, death. But, even if you’re lucky enough to come out unscathed, you might find yourself selling cars for cash in Sydney after being totalled!

How Do You Know If Your Car Is Totalled?

In the event of a road accident, there are two types of damages you can incur. One is an easy fix, usually just a cosmetic issue that can be remedied by your local mechanic or even a DIY kit.

The other, however, is not that simple to handle. For example, if your car requires repairs that exceed its actual cash value, it can be declared a “total loss.” This term is primarily used when claiming insurance and takes a bit more effort than minor claims!

In addition, Vehicles May Be Considered A Total Loss In The Following Situations:

  • They cannot be safely repaired
  • The damage meets your local government’s total loss guidelines

Depending on your insurance company, you may be paid the car’s market value minus the excess and on-road costs. In addition, you cannot refund nor transfer your premium, and the company will oversee keeping the vehicle!

What Can You Do If Your Car Is A Total Loss?

At first glance, keeping a totalled vehicle might seem the more convenient option. You’ll need to make a request to your insurer asking if you can keep the car. Once the request has been approved, you will receive the sum insured minus the vehicle’s salvage value.

According to regulations, you must have it written off to cancel its registration and prevent you from endangering fellow motorists with the car. It is possible to re-register it, but only a select few vehicles are eligible for the process:

  • The vehicle must not have non-repairable damage
  • The vehicle is hail-damaged
  • The vehicle has been inherited in a will or letter of administration
  • The car has been in your ownership for at least 28 days before it was damaged

So, what happens if your vehicle has irreparable damage? Although you can’t have it registered, write-offs also allow one to buy and sell damaged cars. Do note that these transactions are only limited to scrap metal recycling and spare part reusing.

The Benefits Of Selling Cars For Cash In Sydney

 

If you’d rather sell that written-off vehicle than keep it, that’s great! You might be able to earn a higher sum than what your insurance company has offered. But of course, it all depends on where you sell your car for cash in Sydney, and Anytime Cash for Cars knows exactly how to help you.

Here at Anytime Cash for Cars, we will buy all sorts of vehicles, regardless of the damage they’ve sustained during an accident. Our cash offers can go up to $8000, but that’s not all! We also provide free pickup services and are available 24/7, as long as you contact us via 0412525712!

About The Author

 

Anytime Cash for Cars is one of the largest independently owned Car Removal Company in Sydney. Yasin Azimi, the Chief Operations Manager at Anytime Cash for Cars has an extensive experience in the “Cash for Car” & “Car Removal” industry.  With his years of experience, he aims to bring unparalleled services in the quickest possible time! Yasin Azimi and his team of experts buy cars reasonably & efficiently and offers ANYTIME free car removal and towing services across the Sydney region. In addition, he provides you with the best deals that you won’t find at any other vehicle wrecking company. Contact them today!

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