Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

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??

9 Answers

Relevance
  • Evgeni
    Lv 7
    1 decade ago
    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.

    Just don't expect much money for it.

  • Bob G
    Lv 6
    1 decade ago

    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.

  • 1 decade ago

    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.

  • Anonymous
    1 decade ago

    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.

  • How do you think about the answers? You can sign in to vote the answer.
  • 5 years ago

    you may commerce your motor vehicle into any broking you want. Have the commerce fairness refunded to you, do not use it as a cap value relief on the lease, purely pay tax and charges. a lot of human beings have diverse opions concerning leasing. "mdcbert" is in hassle-free words proposing you with the worst case situations and is incorrect on maximum factors. between the most telling of how out of contact he's, is the truth that asserts the vehicle is an asset of the dealership who bought you the vehicle. that's incorrect, even as leasing, the broking sells the vehicle to the lessor, the lessor expenses the lessee and the broking is thoroughly out of the loop. Leasing has some tremendous reward, yet you'll continually have a fee. leases include hollow coverage, so in case you entire your motor vehicle, it really is paid in finished, then purely flow out and get yet another on. leases aren't any further in many cases 5 years, they are more beneficial like 3 years, and also you may purchase any mileage you want. in case you force plenty, get quite some miles Leasing supplies you the skill to force a motor vehicle in many cases previous your potential, you're in hassle-free words procuring the element used, no longer the finished motor vehicle. you regularly have a clean motor vehicle, the newest protection helpful factors, improvements in gas economic equipment, and each of the recent chocolates that come out. you've heard from a "economic consultant" about how undesirable leasing is. nicely, enable me inform you that as a BMW broking, a majority of those adult men telling you to purchase a motor vehicle and run it into the floor, have a leased bmw sitting of their storage.

  • 1 decade ago

    Uh...no dealership on the face of the planet is gonna take a wrecked car as a trade in.

    You're gonna have to wait until you get a payment from the insurance company, or just buy another car outright.

  • 1 decade ago

    Use to see some car lots here advertise that if you drive it, tow it or push it in we'll give you so much on a trade but haven't seen one of those ads in a while. Most dealers are not going to be interested in it if it isn't drivable.

    Source(s): Been repairing and restoring cars for 50 years.
  • 1 decade ago

    As you have a title.......

  • 1 decade ago

    it depends on that damage but u might want ot check up on Carfax before u try it or u might end up w/ a lot of legal issues..

Still have questions? Get your answers by asking now.