: In most states, the car will be issued a salvage title .
Buying back a totaled car—formally known as —is a process where you keep your vehicle after an insurance company has declared it a total loss. Instead of surrendering the car, you receive a payout for its Actual Cash Value (ACV) minus the vehicle's estimated salvage value . How the Buyback Process Works total loss car buy back
: To legally drive the car again, you must repair it to meet safety standards and pass a state-certified inspection to obtain a rebuilt title . When Buying Back Makes Sense Should You Buy Back Your Totaled Car? - Autotrader : In most states, the car will be issued a salvage title