“You get what you Paid for” Remember that. 1st of all I would not recommend any one to purchase a salvage vehicle. In the long run you will pay more with continued repairs that come up through out the years. BUT if you had to..this might help…
1. Research the retail value of the vehicle. Be sure to look into a variety of dealerships and advertisements to calculate this value accurately.
2. Figure out the car’s trade-in value by researching online or calling dealerships for an estimate.
3. Average the retail price and the trade-in value of the car by adding the two numbers together and dividing their sum by two–this will produce your vehicle’s market value
Before
After
4. Contact your insurance company and ask for its percentage rate of market value for your type of automobile.
5. Calculate the salvage value by multiplying the market value by the decimal form of your insurance company’s percentage.
Example: An 80 percent percentage with a market value of $2,000 would equate to (0.8 * 2,000) = $1,600
Centic Auto Repair
375 S Rancho Santa Fe Rd
San Marco CA 92078
