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If you have bad credit, the best option that you have is to avoid these types of dealerships. There are companies that provide auto financing for people that have bad credit without your having to go through a dealer that finances their own cars. You can get pre-approved online and get financed with little to no down payment.

If a car had a head-on collision but the rear is virtually untouched, the places that buy totaled cars near me is sliced cross-wise along the middle of the side doors. Basically, the broken front half of the car will be sent to the recyclers, while the rear half will be stored in a warehouse.



When an insurance company totals out a vehicle for any reason they now own it and they will auction it off. I know what you are thinking, Why would you want a car totaled that has been totaled?

"Upside down" or "underwater" - Terms that mean you owe thousands more than the value of the car. This often happens when a person trades in a car and owes more than the value of the car he's trading in. The finance company allows you to add the unpaid balance of the trade-in to the financed amount of your new car loan. But then you'll likely always be "upside down" in the loan, and you'd be in deep financial trouble without Gap Insurance.

how to tell if car is totaled is -$74,744.43 after 20 years. We already know the TIL can't account for Debt Consolidation Savings, so in order to make a true comparison we need to account for those savings. Now $250 a month over 240 months, or 20 years, is $60,000.00. When we add that $60,000.00 Debt Consolidation Savings to the TIL costs calculation result in the example above, the total result is a loss of -$14,744.43--nearly identical to the FINAL TOTAL LOSS of -$14,739.60 we were double checking. This is proof of the accuracy of this method and I hope you can see it's value.

Drop Collision. If your automobile is worth less than two or three thousand dollars, consider dropping collision altogether. Sure, you will get nothing from your insurer if your car is totaled, but the savings you realize by dropping collision can be used as a down payment for your next car.