What is the Total Loss Threshold for Damaged Cars in Ohio?
Filed under: Auto Dealerships, Body Shop, Insurance Companies, Ohio
What’s the rule of thumb on deciding whether to repair or total a car?
My Mom was just in an accident with a 9 year old car. I’m looking for something like “if damages exceed ___% of value, you shouldn’t repair.” Should I go by trade-in value, private party sale or suggested retail?
I’m certain body shops would say fix the car at any price and car dealers will say “junk it” and buy another car. I don’t trust the advice of either. The car was previously mine so I have a sentimental attachment to it, but I want to be smart about this, too. What’s the rule of thumb on deciding whether or not to fix a car?
Kim
Portsmouth, OH

