What is the Total Loss Threshold for Damaged Cars in Ohio?

February 23, 2009 by admin · Leave a Comment
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

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August 5, 2008 by admin · Leave a Comment
Filed under: Auto Loans, Body Shop, Insurance Companies