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The total loss negotiation process is straightforward. A vehicle is legally considered a total loss if the cost of repairs and supplemental claims equal or exceed 75% of the fair market value \u2013 which, again, can typically be negotiated.
What does "totaled" mean? If you've been in an auto accident and your car is totaled (also called total loss), it means your car isn't repairable, or it costs more to repair than what it's worth.
The main difference between a salvage title vehicle and a total loss is that a salvage vehicle can be repaired and become roadworthy again. While salvage vehicles have typically sustained a substantial amount of damage and are deemed a total loss by an insurance company, they aren't completely destroyed.
The total loss threshold is calculated by dividing the vehicle's repair cost by its actual cash value. It is expressed as a percentage. For example, suppose a vehicle will cost $8,000 to repair and its ACV is $10,000. The total loss threshold for the vehicle is 80 percent (8,000 / 10,000).
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