You have recently been in an accident in Sydney and now have a damaged car on your hands. The condition can be a fender bender or a more severe collision that may get the car totalled. Once the dust settles down you will have to consider what needs to be done to the car that probably has absolutely no value. You will be left with two options either to sell the car to a cash for car company or repair it. In any case, everything will depend on the value of the car.
The Factors to Consider
There are quite a few factors that need to be considered when determining the value of your car after an accident. The extent of the accident and how much of the frame of the car has been damaged or the damage is purely aesthetic and can be rectified easily. But if the accident is a serious collision then a car removal company will need to be involved preferably a reputable company to assess the value of the car. The value of the car will significantly diminish if the accident has resulted in dented body parts, broken suspensions and frame damage. In such a case it’s better to obtain a salvage title or sell it back to your insurer.
Knowing the Car Value in Sydney
The appraisal of your car after an accident can be done by the insurer or an independent car appraiser. As mentioned earlier the value will depend on the severity of the accident the quality of the repairs and the pre-accident value of the car. The calculated value is known as the diminished value of the car. There is no fixed formula to determine the value, a Car removal company like Sydney wide cash for cars will base the estimation on how the parts and metals can be put to use.
Next Things to Consider
Once the valuation is done it will be upon you to make a decision how to dispose of the car. The main consideration here is to know whether it is worth repairing or scrapping the car. If the cost of repair exceeds the market value of the car, then it is best to get rid of it through a Car Removal company with little or no hassle.
Contact us at Sydney Wide Cash for Cars at 0434 450 140 for instant offers on your scrap cars.