Would it be possible to trade in a crashed car and purchase a new one?
My brother's vehicle was crashed, the insurance is still trying to figure out who is responsible. If my brother's insurance does not cover teh car damage, which by the looks we were told its totalled. Where could he trade in his crashed car and purchase a new one? the car was hit from the back and may be fxed, but its going to take some time and money. the motor is good and all.
So would it be possible to trade in a crashed car and purchase a new one from the same dealer??
Evgeni2008-01-23T12:27:02Z
Favorite Answer
They'll take a bucket of nuts & bolts as a trade-in.
If they can sell you a car and make money out of it, they take any car as a trade.
Only if they have one of those specials where they offer a certain amount for trade-in for any vehicle that can make it to the lot under its own power.
Realistically, he won't get anything for a totalled vehicle as trade-in. There are times where a dealer might offer a fairly decent value for it, especially knowing you'll find it almost impossible to get anyone else accept it as trade-in, but he'll add whatever he gave you in trade-in to the minimum price he's willing to accept for the car your brother's buying.
He'll also sometimes give a higher trade-in value when you need help on the down payment to qualify for a loan, but once again, you're not really getting a break - he's adding that price to the minimum he'll accept for the car you're buying.
Bottom line: the dealer's not going to give out free money for a car he can't sell.
On the other hand, if you're bad at negotiating prices and were probably going to wind up paying the sticker price anyway, a high trade-in isn't a bad deal for you.
Somebody's insurance will pay, it all depends on who was at fault and how your local laws work, but if your brother had insurance and he was involved in an accident that totaled his car, he'll get paid.
If the car is totaled you won't have the car to use as a trade, the insurance company will keep it. In exchange the insurance company will write you a check for the insured value of the car. Use that money to go purchase a new car.
Even if it's not totaled I would sell the wreck for parts or as scrap and use the insurance check as a down payment on a new car.
You have a couple of options, none of them are worth much, thoug. Junk yards will pay cash for totalled cars if you just need to get rid of it. Some dealerships will accept broken cars for trade-ins (they took my piece of crap car) but they won't give your brother much for it because they intend to re-sell cars they take in. If the insurance doesn't pay and you don't want to go to court to get the other guy to pay you might be stuck with it.
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