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Total Loss Thresholds By State – Sell Your Car

Joseph Coupal - Monday, January 29, 2018

What are total loss thresholds and how are they different from the total loss formula? What is a total loss formula? Does it matter what state you live in for one or the other to be used in determining the value of a damaged car and if it will be declared a total loss by an insurance carrier? Can you sell your car if it’s totaled or are you stuck with the dollar amount your insurance company puts on your vehicle? What about actual cash value; what’s that all about?

First, let’s cover what total loss is and how it applies to your vehicle insurance. When a car is in an accident and incurs serious damages, the repair costs can add up to more than the actual cash value its worth. When this happens, the insurance carrier will choose the road that saves them the most money. They don’t want to spend more money to repair a car than its value so they declare it a total loss – totaled car – and send you a check to replace the vehicle. But guess what? You can decide a different route to take and get more money for your non-drivable, dead, all she wrote, lifeless, hunk of twisted metal, pile of heap, damaged car. You know why? Because we buy cars in any condition in any Continental U.S. state all year long and pay you top dollar for it.

Total Loss Thresholds

Every vehicle will need collision, comprehensive, or property damage liability (PD) insurance policy coverage; and PD coverage is mandatory in every state. Usually the non-fault driver files a PD claim against the negligent driver’s insurance; however, the non-fault driver can submit a collision claim with his or her own insurance carrier because collision coverage covers you whether it’s your fault or not.

Once a claim is filed an insurance claims adjuster will inspect your damaged car to assess what repairs are required and make a determination if it’s repairable or a total loss. Using your state laws and insurance company’s guidelines, if the claims adjuster determines your car will cost more to repair than its worth, or actual cash value, he/she will declare it totaled then subsequently your insurance company will alert the Department of Motor Vehicles your car is non-repairable and submit for a salvage title.

Total Loss Formula

Total Loss Formula is an industry wide formula used by insurance companies to determine if repair costs to your damaged car exceeds its value. There are no state laws in place setting a capped percentage of its value the insurance carrier must use as a limit before declaring it a total loss.

Does It Matter What State You Live In

Absolutely, you bet it does.

It’s not always a simple checklist of items to use in the determination. There are rules and regulations, some limits for some states, and no set threshold limits in states. Some states use the industry standard Total Loss Formula (TLF) and others have laws in place making mandatory Total Loss Thresholds (TLT) the rule.

Total Loss Threshold States versus TLF States

State

Threshold

State

Threshold

State

Threshold

Alabama

75%

Louisiana

75%

Ohio

TLF

Alaska

TLF

Maine

TLF

Oklahoma

60%

Arizona

TLF

Maryland

75%

Oregon

80%

Arkansas

70%

Massachusetts

TLF

Pennsylvania

TLF

California

TLF

Michigan

75%

Rhode Island

TLF

Colorado

100%

Minnesota

70%

South Carolina

75%

Connecticut

TLF

Mississippi

70%

South Dakota

TLF

Delaware

TLF

Missouri

80%

Tennessee

75%

Florida

80%

Montana

TLF

Texas

100%

Georgia

TLF

Nebraska

75%

Utah

TLF

Hawaii

TLF

Nevada

65%

Vermont

TLF

Idaho

TLF

New Hampshire

75%

Virginia

75%

Illinois

TLF

New Jersey

TLF

Washington

TLF

Indiana

70%

New Mexico

TLF

West Virginia

75%

Iowa

50%

New York

75%

Wisconsin

70%

Kansas

75%

North Carolina

75%

Wyoming

75%

Kentucky

75%

North Dakota

75%

   

As you can see in the list above of all states, some use the TLF and others use a TLT to determine if a vehicles damage repairs against the actual cash value of the car. A certain percentage of a damaged car’s value needs to be exceeded for it to be declared a total loss and determined to be totaled. The other states have no set capped percentage so the insurance company can freely use the TLF. That means a lower value and a check worth less money that they send you to replace the totaled car. Guess what, there’s good news for you. You can buy back your totaled car from your insurance carrier, get the actual cash value for it from them, then turn around and sell it for more cash to CarBuyerUSA. We buy cars and specialize in damaged cars, and those that are a total loss. You don’t need to worry about getting lowballed by your insurance carrier because with us, you end up with more money than they wanted you to settle for. It doesn’t matter that Total Loss Thresholds vary by state, you can sell your car to us and get the highest actual cash value you will find anywhere online! Start by providing us a few of your car’s details in our short form and get the ball rolling. We want to buy your damaged car today and will contact you fast! Before you know it, you’ll have cash hard cold cash in the bank and we’ll be towing your hunk of twisted metal away!

Sell Your Car When It Is Totaled – Get the Highest Cash Offer From CarBuyerUSA

Joseph Coupal - Tuesday, January 23, 2018
CarBuyerUSA - Sell Your Car When it is totaled

Total loss thresholds… what are they? Smash! You never saw it coming, now what? The percentage of value or the dollar amount that initiates a vehicle being declared a total loss by an insurance carrier. In other words, what will cost the insurance company more; repairing your car or paying you a lump sum for the loss. An insurance company will always choose the one that saves them money. This often results in your vehicle being declared a totaled car. So, can you sell your car when it is totaled and get the highest cash offer? Absolutely; get a 20-second offer and sell it to CarBuyerUSA.com. Not only will you get the highest amount you’ll find anywhere online or from your insurance company, but you’ll get cash in the bank fast! We buy cars anywhere in the Continental United States and we do it better than anyone else, so all is not lost! Read on.

Negligent drivers happen. The light turns green and you roll ahead when suddenly you hear this loud crash, you’re jolted in your seat, and when you come to a stop and get your bearings you realize another driver slammed into the side of your car. Broken glass is everywhere, your car is a heap of twisted metal, and you’re stuck with thousands of dollars’ worth of damages. Thankfully, the airbags were the hero of the day for both you and the negligent driver, but now you have a wrecked car.

Depending on your (or the negligent driver’s) auto insurance and what state you live in, your vehicle may be deemed valuable enough – and deemed to save the insurance company money – to repair or it may be declared a total loss. Many factors go into this determination and insurance carriers have an industry standard Total Loss Formula (TLF) they use to arrive at your low value number – diminished value is explained in our “Car Damaged In an Accident? Use a Diminished Value Calculator for the Correct Reimbursement Amount” post – what diminished value is all about . However, there are states that have gone farther and laws are in place that cap damage values forcing insurance companies to declare your damaged car totaled before repair costs add up to the actual value pre-accident.

Legally, state laws mandate carriers declare a damaged car totaled and apply for a salvage title when repair costs reach a certain point. There are 21 TFL states with the rest of the states having Total Loss Thresholds.

What can you do?

Well, you can accept the amount your insurance carrier values your now totaled car at, or you can buy it back and repair it yourself. Just keep in mind your damaged car now has a salvage title attached to it. This will make a huge difference in your future insurance rates. Great news though! We buy cars whether they’re running or not and even those wrecked a little all the way to totaled! You can buy it back, get a check from the insurance company for its cash value – minus any deductible and the salvage value, and then sell your car to us! For more! We make it convenient, safe, easy, and fast starting with a 20-second offer! See how it works!

CarBuyerUSA - Sell Your Car When it is totaled

So, how do you sell your car when it is totaled? How do you get the highest cash offer? That’s easy, you get the best of both worlds from CarBuyerUSA! Our unique patent pending formula will quickly determine what your car worth is and give you the highest offer you’ll find anywhere online and in as little as 20 seconds! That’s fast! What’s that? You can’t get to us or afford to have your damaged car towed to us? No problem, we’ll come to you to buy your car and tow it away free of charge! All you have to do to get cash in the bank is complete our short form with a few details and we’ll be in touch. Stay on your couch, watch TV, and have a cup of coffee. We buy cars fast and your worries are over with us.

It Doesn’t Matter If It’s a Damaged Car, Dirty, Or Looking Good! We Buy Cars!

Joseph Coupal - Wednesday, January 10, 2018

You read that right! It doesn’t matter if it’s a damaged car, if it’s dirty, or if it’s looking good! We buy cars in any condition! That means running or not!

Ronika from Florida found us, filled out our short form and sold her bent car to Car Buyer USA, and received fast cash in her bank for it.

CarBuyerUSA - We Buy Cars

Brad from Nevada found us and sold his dirty car and in just a few days he did the cha-ching dance to the bank!

CarBuyerUSA - We Buy Cars

Carl from Iowa called us, got a solid 20-second offer, and did it! He got top dollar for his shiny ride.

CarBuyerUSA - We Buy Cars

See? We are not car discriminators. We pay cash for cars, trucks, & SUVs anywhere in the continental United States including Washington, D.C. and we do it the right way. We make it easy and convenient for you… our priority. We come to you… you chose where; or we have a network of hand-picked partners across the country you can take your car, passenger truck or van, or your SUV to and drop it off. You won’t go away empty handed either. You’ll have fast money in the bank before the sale is final and you hear, “Thank you for your business and have a nice day!”

So remember, it doesn’t matter if it’s a damaged car, if it’s dirty, or if it’s all spiffy and looking good. We buy cars so thank you for finding us! You can sell your car to us in as little as a few days right from your computer, laptop, or phone and do it all without leaving your couch! Just tell us which doorbell to ring.

Rick Did It! Another Happy CarBuyerUSA.com Customer!

Joseph Coupal - Saturday, January 06, 2018
CarbuyerUSA bought 2011 Porsche Carrera 2

Another happy CarBuyerUSA.com customer starts his year off with cash in his pocket! He found himself in a tight spot with his cash flow and needed a fast solution to his problems. Most of the time, when we speak with a potential customer, they tell us why they need to sell their car, truck, van, or SUV quickly. The majority is due to bills are choking them or they can’t afford the car payment any longer. It makes us feel good when we hear, “Help, I need to sell my car fast.” because we know the answer to a person’s trouble is only a few days away. We buy cars anywhere in the continental U.S. in any condition, and we make it easy for you to sell your car quickly so you can have the cash you need when you need it. Rick found this out and did it. We bought his 2011 Porsche Carrera 2, closed the deal, and he got the cash he needed fast.

The importance of paying bills on time isn’t always just so you don’t have late fees. Even though that’s at the top of everyone’s priorities, no one likes to pay additional fees just because. But often there are people, like me, who take it personally that debts are paid on time because they feel like it reflects bad on them if late. Companies understand “life happens”, especially in January on the tail end of the holidays. Where do you think a grace period came from? Mail time only? No, also to give us more time to make our payments. Even so, some of us have strict personal policies to pay on time for an unlimited number of reasons. In addition, our credit scores are important to us and there are those who live on tight budgets and simply can’t spare the extra money and watch their budget closely.

Life happens, changes come on us unexpectedly and sometimes those changes require us to act quickly. There is a pot of gold at the end of the rainbow people! We buy cars and we can help you sell your car easily, safely, and quickly! Get your FAST 20-second offer now! All you need to do is enter a few car details in our short form to get started. Rick did it and we’re glad he did! CarBuyerUSA.com has another happy customer and our new customer has the cash he needs!

Crashing back down to REALITY this January? SELL YOUR CAR and book a vacation!

Joseph Coupal - Friday, January 05, 2018

Got the holiday spending blues? Does the reality of “Wow! I spent way too much!” have you crashing back down to reality this January? Well sell your car fast, get your budget back on track, and book a vacation! We buy cars for ANY REASON and IN ANY CONDITION! We do it ANYWHERE in the United States!

Money is one of the top, if not the top, stressors we all face at one point or another. Some people face the money ball stressor more often than they care to think about, like me. I’m on a tight budget so I’m always thinking about spending money carefully. Sometimes I swear it feels like stressing over it never goes away and it’s on my daily to do list. I know I can’t be the only one who feels like their always juggling and robbing Peter to pay Paul. Do any of these sound familiar?

  • Reality is starting to set in as the holidays money spiral dust settles.
  • Bills are piling up.
  • Late fees are killing you!
  • Stress from a LONG year of work, dealing with co-workers, deadlines, TRAFFIC, early starts to your workday and long evenings behind your desk, not getting that promotion you deserve, etc.
  • Did you expect a diamond ring or that 70” TV to go in your man cave but got a Dear John letter instead?

There. Is. A. Solution.                    

Do you have a car, truck, van, or SUV sitting around? Is it on your daily to do list? Don’t sweat it! Stop letting the January money ball blues reality keep crashing down on you!

Sell your car and book a vacation! We buy cars anywhere in the continental U.S. in any condition and put cash in your hands fast. Yep, that means if it’s running or not, crashed up, banged up, cracked up, or scratched up. If it’s missing a bumper, a quarter panel, the trunk, or even the hood, we’ll buy it for more than you can get anywhere else on the web! We don’t “judge a car by its cover”. We don’t discriminate and go for cars in good condition only! You can sell your car fast to us and book a vacation on the same day! Imagine kicking back on the beach soaking in that sun, sipping on that refreshingly delicious margarita! On the other hand, popping the cap off a beer, casting that fishing line out, having a seat on the bank, and catching the big one sounds good right about now too, right?  What are you waiting for? We are in the business of buying cars people so start packing your bags! See how fast it works!

Jackie Did It! Happy New Year to Another CarBuyerUSA.com Customer!

Joseph Coupal - Friday, January 05, 2018
sold 2013 Tesla Model S to CarBuerUSA.com

Happy New Year to Jackie! She did it! She sold her 2013 Tesla Model S to CarBuerUSA.com and we have another happy customer! Congratulations on making such a smart choice and getting extra cash in her bank! It was easy, safe, and FAST! No more holiday blues for her!

Just like the rest of us, Jackie found herself strapped for cash to pay her bills. We all know what it’s like. We spend waaaay more money than we should on holiday gifts and find ourselves in a deep, black hole of debt. Car Buyer USA can help; we buy cars and our fine-tuned system makes it easy, keeps you safe, and you get top dollar for your car, truck, van, or SUV fast! That means you can keep the lights on and your heater running and not spend one night sitting in the dark freezing your tushy off! I don’t know about you, but that is never fun on freezing nights!

So, if you are covered in holiday debt and trying to think of a way to climb out from under it, make sure you let “sell my car” cross your mind. We buy cars in perfect or good condition and we specialize in giving you the highest amount you’ll find anywhere on the web. Something else we do you won’t find anywhere else, is we give you a 20-second offer and all you need to do to get it is fill out a very short form! We only ask for a few of your vehicle’s details. You’ll never feel like we’re asking too much of you! Jackie did it, and so can you! Let CarBuyerUsa.com make it a Happy New Year for you too! We’d love to put money in your bank and make you another happy customer!

Happy New Year – Destress and Sell Your Car

Joseph Coupal - Thursday, January 04, 2018
Happy New Year from CarbuyerUSA

It’s January 3, 2018, you’ve had time to recover from celebrating, and now you’re scratching your head… “How did I spend so much money over the holidays?” Don’t worry, not that it’s any kind of comfort to know, but you’re not alone. Tons of people are scratching their heads and worried how they’ll recover. Everyone one of them is wishing “the luck of the Irish” would come knocking at the door with a bag of cash. Well, happy new year to you! There’s light at the end of that dollar sign! We buy cars so destress and sell your car!

It happens. It’s nothing new. It’s like a vicious cycle we all find ourselves in at one point or another. Surprise! Your 4th cousin and the 4 kids are coming to holiday dinner. Gifts need to be paid for, so what’s a guy to do? Head out to the mall and spend your last few bucks. After all, the kids won’t understand, “I didn’t know you would be here.” You can’t give gifts to everyone but your cousin’s family. The kids might just tear down the Christmas tree! Toss the holiday ham! Worse yet… cry. You just can’t have that! They will never forget it, and who wants to be the Scrooge? I call this the “Ho! Ho! Ho! Trap”.

Call it a “Ho! Ho! Ho! and Happy New Year Destresser For Me Save!” Sell your car to CarBuyerUSA.com and get cash in the bank! It’s EASY, SAFE, and FAST! We buy cars convenient to you whether they’re running or not and if you want, we’ll to you to do it! So plug those lights back in, grab some eggnog, sit back, and make a call! What’s that? Your cell phone service is off, no problem! We’ve got you covered! Fill out our short form and get a 20-second offer! We’ll contact you via email! How’s that for some “luck of the Irish” love?


How It Works

We pay cash for cars, trucks, & SUVs, in any condition, anywhere in the Continental USA.

1 Get an Instant Cash Offer
Enter the Year, Make, Model, Trim Level & Miles (No VIN Required) and your cash offer appears onscreen (94% of the time)
2 Accept your offer
CarBuyerUSA offers are Cash Market Value. Funds are guaranteed and paid at the time of pickup or drop-off
3Talk to an Agent
Your CarBuyerUSA representative schedules a no obligation inspection. In most markets an on-site mobile inspection can be arranged. The digital purchase agreement takes less than 60 seconds to complete.
4 Get Paid
When CarBuyerUSA picks up your truck, you are paid on the spot in full with guaranteed funds – entire process is hassle free. Inspection, title work & pick up are all FREE.