Your Steering Wheel Might Be Dirtier Than a Public Toilet

Posted on June 23, 2022 by Benjamin

What do you consider to be the germiest, dirtiest everyday item you handle? Your kitchen sponges? The remote control to the television set? Maybe your dog’s toys? What about that touch-screen phone? Well, you would be wrong if you own and driver a vehicle. Steering wheels are one of the most overlooked germ-ridden commodities in society, even compared to things that are expected to be quite germy, like shopping carts, elevator buttons, and gas pump handles.

In fact, scroll down to learn some steering wheel hygiene facts that will truly blow your mind!

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Your Steering Wheel is Probably Really Dirty

Considering the fact that the average American is reported to spend around 17,000 minutes in their vehicles, it is no surprise that we are transmitting a plethora of germs and other contaminants from our hands to our steering wheels each time we drive. This revelation becomes more concerning when you think about how often you clean the outside of your car compared to the inside.

In fact, according to a recent survey conducted by CarRentals.com, data revealed that 32% percent of the car owners surveyed only clean the inside of their car once year! The same survey showed that 12% never clean the inside of the vehicles! Needless to say, that ultimate rewards membership you have at the local car wash isn’t doing your steering wheel any good.

What is on Your Steering Wheel?

Use your vehicle to run errands, going in and out of stores in between each trip? Do you like to eat and drive? Do you have kids? Or pets that like to ride along with you in your lap? Do you pump your own gas? Do you wash your hands before leaving work? What about the gym? These are all the different places and scenarios in which you are transmitting germs and bacteria to your steering wheel.

The aforementioned CarRentals.com survey also revealed that the average driver’s steering wheel is two times dirtier than an elevator button, six times dirtier than your touchscreen cell phone, and even four times dirtier than a public toilet. For little comparison perspective, WebMD’s “Grossest” List places smart phones at the very top. Insert gulp here. What about that gas station pump handle? Studies show that the average gas pump handle is more than 11,000 times dirtier than the average toilet seat.

It is important to understand that your steering wheel is likely just as dirty as other components in your vehicle that you touch on a regular basis while driving, including the gearshift, turn signal, radio buttons, navigation screens, and even those car keys. So, moral of the story is to keep some sanitizing wipes in your vehicle and regularly wipe down every touchable surface as needed!

Do you have a car that is so dirty and junked, you no longer want anything to do with it? Why don’t you sell it for cash on the spot? Contact Benjamin’s Junk Cars at 317-218-7133 to get a quote from an experienced Indianapolis junk car buyer who will pay you the highest cash payout for totaled cars in Central Indiana. We provide FREE junk removal!

Use This Penny Trick to Measure Tire Tread

Posted on May 31, 2022 by Benjamin

Proper tire tread is important for driving safety and fuel efficiency. But what constitutes adequate tire tread? Brand new, most car tires have an average tire depth between 10/32” or 11/32”, and the U.S. Department of Transportation (USDOT) recommends replacing tires when the tread has deteriorated to 2/32 of an inch or lower. But with such a small fraction at play, it is difficult to gauge this measurement by simply looking at your tires. Fortunately, there is a handy little trick you can use to measure your tire tread any day of the week! It’ll cost you though, but only a single penny!

Continue reading to learn how to use a penny to measure tire tread, plus some additional methods for measuring tire tread.

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How to Measure Tire Tread With a Penny

Measuring tire tread with just a single penny is so simple even a child could do it! In fact, this is a fun trick to teach your kids, especially if they like to be little helpers around the garage or if they are older and preparing to learn how to drive. You already know you can find pennies all over your house, so grab a pile and keep a little bag in the garage or carport or even inside your vehicle. This way, you know you are prepared to measure your tire tread, whether at home or on the go.

The key to measuring tire tread using a penny is to keep the penny in the right direction. Here’s what to do:

❶► Turn your penny upside down, with the Lincoln’s head facing you.
❷► Insert the penny headfirst into the groove of your tire.
❸► Look for Lincoln’s head.

Can you still see Lincoln’s head? If so, your tire tread is low. In fact, it is lower than the recommended limit of 2/32 of an inch.

If you cannot see Lincoln’s head. After inserting it into your tire groove, you still have plenty of tread to work with.

Repeat this process on the remaining three tires. Keep in mind that tire tread can differ from tire to tire, even on the same vehicle. So, it is important to always check all tires.

Additional Tire Tread Measuring Tools

Although the penny tire tread trick is effective and reliable, you can get a more accurate measurement by using a store-bought device such as a tread depth gauge. Large trucks and commercial vehicles typically have tires with built-in tire tread wear indicator bars that will appear and present themselves when the tire tread reaches 2/32 of an inch. For all other vehicles, you can rely on a tread depth gauge, which is available at any automotive parts store or department store with an automotive section.

Is your vehicle beyond the value of paying for repairs, so now you just want to get rid of it? Contact Benjamin’s Junk Cars at 317-218-7133 to get a quote from an experienced Indianapolis junk car buyer who will pay you the highest cash payout for junk vehicles and parts in Central Indiana. We provide free junk removal!

Top Junk Car FAQS for Hoosiers

Posted on May 12, 2022 by Benjamin

Junk cars are more than just cars and trucks. The auto salvage industry has evolved in terms of technology and EPA regulation, allowing junkyards to accept a wider variety of motorized, or once motorized, commodities. This means that more and more Hoosiers are able to safely dispose of their motorized junk and make an easy profit at the same time. Not sure where to start when it comes to selling a junk car in Indiana?

Continue below to review the top frequently asked questions about junk cars to get you started on the right path.

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Frequently Asked Questions About Indiana Junk Cars

What is a Junk Car?

A junk car is any motorized or formally-motorized vehicle that is no longer operational and too far damaged to repair. Insurance companies and the DMV deem a vehicle a total loss, meaning totaled, if the cost to repair the vehicle exceeds the current market value, or if it would be unsafe to repair the vehicle. A totaled car is a junk car.

What Can I Sell to an Auto Salvage Lot?

Auto salvage scrappers accept all sorts of automotive-type items. Not only do they buy new, used, or junked auto parts, but they also buy cars, trucks, SUVs, vans, semis, motorcycles, motorbikes, golf carts, bulldozers, forklifts, ATVs, watercrafts, and more. If it had or has a motor, they will take it off your hands. They event accept dismantled vehicles, car frames, tires, wiring, and more.

How Much is a Junk Car Worth at a Scrapyard?

The value of a junk car at the scrapyard depends on several factors. Such factors include the make, model, condition, and location of the vehicle, while others include the fees incurred during the junk car selling process (intake fees, towing, etc.), the vehicle’s scrap metal content, and the current market values for automotive metal. For the most part, the average junk car will reap a scrap payout between $100 and $300, more for newer model and larger vehicles.

Can I Sell Junk Auto Parts at a Scrapyard?

Yes, auto salvage yards will accept anything made of metal that belongs to a vehicle, construction equipment, or watercraft. You can sell them used, new, or junked auto parts, including catalytic converters, tires, batteries, electrical wiring, stereo systems, AC units, motors, undercarriages, frames, and more.

Which Auto Parts are Worth the Most Cash at a Scrapyard?

The most valuable junk car parts are catalytic converters. Because so many criminals are now stealing catalytic converters to sell at scrapyards, many scrapyards no longer accept them. Other high-value auto parts include AC systems, engines, engine blocks, radiators, and mufflers.

What Do I Need to Sell a Junk Car in Indiana?

You need to have proof of ownership to sell a junk car in Indiana. The car title is the best document to use, but some scrapyards will work with you by accept other forms of proof of ownership, like the car registration or insurance policy.

Do I Have to Have My Junk Car Towed to the Auto Salvage Lot?

If you choose a reputable and well-established Indianapolis junk car buying company, you likely will not have to worry about paying for a tow truck. Professional auto salvage centers provide free junk car removal services for anyone who does business.

Who Pays the Most Cash for Junk Cars in Central Indiana?

Benjamin’s Junk Cars, of course! Get those Benjamin’s in your hand, today! 💸

Here at Benjamin’s Junk Cars, we offer the highest payouts for all junked or totaled motorized commodities, including cars, trucks, SUVs, construction equipment, campers, watercrafts, and more. Our Indianapolis cash for cars professionals never tack on hidden fees or surprise deductions. We pay cash on the spot as soon as we arrived to collect your junk car or junked commodity. Best of all, junk removal service is totally FREE!

Although based out of Indianapolis, we maintain a broad service area throughout Central Indiana, even operating well beyond the Indy city limits. For the areas we don’t normally service, we are always happy to make special arrangements for customers slightly outside of our service area!

Are you ready to get a free quote for your junk car? Contact Benjamin’s Junk Cars at 317-218-7133 to get started with the junk car selling process in Indianapolis, Indiana. We pay cash on the spot, and guarantee the highest payouts in the surrounding metro region!

What To Do if You Just Totaled an Uninsured Car

Posted on April 5, 2022 by Benjamin

No insurance? No problem! You can still earn back cash for your totaled vehicle if it wasn’t covered under an insurance policy when you wrecked it! Continue below to learn how!

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Profitable Auto Salvage in Central Indiana

Wrecking a car that is not covered under insurance can really cause a panic. After all, you have this large asset that is now inoperable, and you have no way of paying for to be repaired. Fortunately, you can sell a totaled car. But first, you have to find the right professional auto salvage yard in central Indiana. Not all auto salvage yards will pay you for your totaled car. You must choose one that is highly experienced and reputable, and therefore capable of paying out the full worth of junk car.

Who can provide the services and amenities in Central Indiana? Benjamin’s Junk Cars!

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Here at Benjamin’s Junk Cars, we buy all junk cars and motorized vehicles, regardless of age, make, model, or condition. So, a totaled car is absolutely on our list of accepted assets! We will even pick it up for free and pay you cash on the spot! That’s right; we have an in-house tow truck that allow us to provide free haul-away service.

As a locally owned and operated business that operates as a one-stop-shop for auto salvage and recycling, there is never a middleman. This yields less overhead for our business, which means more cash in your pocket. We can offer higher payouts for junk cars in Central Indiana. Best of all, getting started has never been easier!

Not only do we offer several client amenities like free towing, but we also make the junk car selling process simple and convenient. All you have to do to get started is give our Indianapolis junk car buyers a call and request a free quote.

How to Sell a Totaled Car in Indianapolis:

▶ Contact us via email or phone to request a free competitive offer.

▶ Accept our offer and schedule a time for us to pick up your totaled car.

▶ Remove the license plate and all personal belongings.

▶ Cancel the registration with the state.

▶ Sign the title and have it handy when the tow truck arrives.

▶ When we arrive as scheduled, hand over all documents in exchange for cash!

With Benjamin’s Junk Cars, you never have to worry about surprise fees or charges. We offer what’s owed and pay it in cash on the spot! Contact us at 317-218-7133 to sell your totaled car in Indianapolis, today. We serve all of Central Indiana!

How to Tell if the Liquid Leaking From Your Car is Transmission Fluid

Posted on March 23, 2022 by Benjamin

It doesn’t matter what it is, when something goes wrong with your car, it’s a frustrating experience. This is especially true due to the fact that all car breakdowns require some type of costly solution. When your car breaks down as a result of a major auto part failure like the transmission, you can certainly expect to pay a hefty bill for repair or replacement. It is important to keep a close eye on your vehicle’s transmission performance, namely due to its high cost to repair or replace. Transmission leaks are one of the most common types of transmission breakdowns, and often discovered much too late.

Continue below to learn the common signs that indicate you have a transmission leak in your car or truck, plus what your options are if you cannot afford to pay for repairs.

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Top 4 Signs of a Transmission Fluid Leak

Your vehicle contains all sorts of automotive liquids, all designed with a specific function. As for your transmission fluid, its job is to keep the transmission, and ultimately, the engine, running smoothly. It assists the engine oil with lubricating all inner moving parts and regulating internal temperatures. Without a sufficient level of transmission fluid, your vehicle will suffer damage to engine parts and eventually experience total transmission failure.

The best way to identify a transmission fluid leak is to learn what transmission fluid looks like, smells like, and feels like, plus where it comes from. Here are the top four signs that your car or truck is experiencing a transmission fluid leak:

❶ The Fluid is Red or Brownish

Transmission fluid is red but turns brown as it gets older. Some car fluids are also red, such as coolant or windshield wiper cleaner, so be sure to look for other clues that confirm it is from the transmission.

❷ The Fluid Smells Like Petroleum

It is okay to give the mystery liquid a sniff. If it smells like petroleum, it is likely transmission fluid. If the color of the transmission fluid is on the brown side, it could smell burnt.

❸ The Fluid is Oily and Slick

Place your finger or a stick in the liquid to get a feel for its consistency. Transmission fluid is similar to motor oil or brake fluid since it is greasy, oily, and slick.

❹ The Puddle of Fluid is Near the Front

If the puddle of liquid dripping from your car is landing near the front or middle section, it is likely transmission fluid.

▶ If the liquid leaking from your vehicle meets these tell-tale attributes of transmission fluid, you can safely assume it is indeed, transmission fluid.

Did you take your car in to be repaired but the cost is more than the total value of your vehicle? Junk it for cash on the spot! Contact Benjamin’s Junk Cars at 317-218-7133 to learn how to make instant cash for junk cars in Indianapolis, Indiana! We will pick up your junk car and haul it away for free!

Should I Have My Wrecked Car Towed to My House or the Junkyard?

Posted on March 11, 2022 by Benjamin

The fact that you need a tow is undeniable. Where you should tow your freshly totaled car is the real questions. And the answer depends on a few factors. Continue below to learn what these factors are and how to consider them when deciding on where to tow your wrecked vehicle after totaling it in Indianapolis.

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Insurance Coverage for Towing a Totaled Car

After you total your car, whether in the middle of the interstate or in a pond behind your place of work, the first question you should ask yourself is, “Does insurance cover this?” If you have a certain type of automotive insurance coverage that is more than the state minimum, you may be able to snag a reimbursement for any money paid out of pocket for having it towed from the scene of the accident.

However, unless your insurance coverage contains comprehensive roadside assistance plan, it is not likely that your insurance carrier will cover towing expenses. In this case, you will be required to pay for a tow truck all on your own. Then you will file a claim with your insurance carrier, and they will collect your totaled car and confirm it is a total loss. Afterwards, you will receive your insurance payout, minus your deductible. This process can vary from case to case.

No Insurance Coverage

When a car is totaled, it may seem like a huge waste to spend even more money having it transported anywhere, but it is a wise decision for many reasons. In the case that your deductible is higher than the current value of your totaled vehicle, it would not make sense to file a claim.

In this case, you could just sell your totaled car to an Indianapolis junk car buyer for cash on the spot! They will tow it away from the scene of the accident, or from your house, for free! If you do not have insurance coverage on your totaled car, you can also have it towed for free from a local auto salvage yard and make fast cash at the same time!

Are you looking for a trusted cash for cars company in Indiana that will pay you top dollar for your vehicle? Contact Benjamin’s Junk Cars at 317-218-7133 to sell a junk car in Indianapolis, Indiana for cash on the spot. We provide free junk car haul away, so all you need to do is call!

How Much Can I Scrap a BMW For?

Posted on February 25, 2022 by Benjamin

When it comes to scrapping your junked car, you probably already know that its value will be significantly less than a non-junked or totaled vehicle. However, you have a BMW. Does that mean your junk car is automatically worth more than one that is a non-luxury brand? The truth of the matter is, junk car values are always evolving because they depend largely on the current market prices of steel and iron, as well as several other factors, like supply and demand, global tariffs, and even smaller factors like the location of the vehicle and its remaining parts. These factors, plus many more, will ultimately determine how much your junked BMW is worth.

Continue reading to learn more about determining the price of a junk car, plus where you can get the most profit for your junk BMW in central Indiana.

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Calculating the Worth of a Junk Car

You might have heard stories of getting $500 to $600 cash payments for junk cars, but the economy has greatly shifted since those decades. Right now, the worth of a junk car is mainly determinate based on the quantity of metal within and the current scrap metal market. The current scrap metal market fluctuates depending on several sub factors, such as supply and demand, global demand, global trade tariffs, and much more.

Top 2 Factors That Affect the Scrap Metal Market:

▷ Quantity of Metal

The more metal in a junk car, the more it will be worth. Metal within a junk car is weighed as a base calculation for generating a junk car offer. Primary metals within a junk car are steel and iron, but there are also other valuable metals within if the parts are still there, including aluminum, copper, platinum, rhodium, palladium, cobalt, and even gold.

▷ Global Economy

The global economy, specifically the supply and demand of the sought-after metals within cars, plays a major role in the overall worth of your junk BMW. The global economy fluctuates on a daily basis, which can give rise to or trigger decline in the values of certain metals on the market.

Look For Localized Details

In addition to the scrap metal market, the worth of a junk car is also calculated based on its make, model, condition, location, remaining auto parts, difficulty of tow, and any related fees for junk car removal. For these reasons, it is important to choose in Indianapolis junk car company that provides free junk car removal and never tax on hidden or surprise fees to their offers.

BMW Junk Car Value

Steel and iron are the primary metals extracted from junk cars in the auto salvaging industry. Right now, their values are low. Whole junk cars are estimated at a value between $100 and $300. Newer model junk vehicles can deliver profits closer to 500 or $600. When you deduct all factors, you can safely assume to get between $100 and $400 for your junked or totaled BMW.

If you have a total or junk BMW in Central Indiana that you want to sell for the highest amount of money possible, you are in the right place. Contact Benjamin’s Junk Cars at 317-218-7133 to get started with the junk car selling process in Indianapolis, Indiana. We offer free junk car removal and pay cash on the spot!

Frequently Asked Questions About Car Tires in the Winter

Posted on February 15, 2022 by Benjamin

Whether it is your first winter as a licensed driver and car owner or you have just recently moved here, where conditions are a bit wintrier than you’re used to, winter car tire knowledge is an important asset you will need to be as safe as possible. Continue below to review some frequently asked questions about car tires and winter weather, from tire pressure and routine care to snow tires, standard tires, tire replacement, and more!

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Winter Car Tire FAQS We All Need to Know

How Do I Check My Tire Pressure?

Tire pressure is incredibly important in terms of road safety, driving safety, and car care. Tires should not be overinflated nor underinflated. In the winter, tire pressure tends to drop significantly due to the colder temperatures. In fact, it is recorded that tires lose 1 psi of tire pressure for every 10 degree Fahrenheit the temperature drops.

For this reason, it is important to check your tire pressure on a monthly basis. Use any standard tire pressure gauge, either manual or digital. Simply volume manufacturers’ instructions in your vehicle’s owners’ manual.

Your vehicle, especially if it’s a newer model, should have a tire pressure monitoring system (TPMS) that monitors the air pressure in your tires. This system will notify you through an illuminated icon on your dashboard whenever your tire pressure is too low or too high.

What are the Benefits of Snow Tires?

Snow tires, or winter tires, deliver a wide range of benefits. They are designed to have a more flexible tread rubber compound, which allows for better traction and stability on wet or slippery road surfaces. Whether ice, freezing rain, slush, hail, or snow, having a set of winter tires will protect you against losing control of your vehicle due to the wintry conditions.

Do I Need Snow Tires?

Whether or not you need snow tires really depends on your personal driving habits. If you live here in Indiana where snow and wintry conditions are virtually guaranteed year after year, winter tires are a wise investment. They will also serve you well through the fall and well into the spring, during raining conditions. If you do not drive very often, all-season tires may be the best option.

Should I Remove Winter Tires for the Summer?

Winter tires, or snow tires, are meant for the icy, freezing conditions of the winter season. So, once the temperatures begin to steadily rise, it is important to swap out your snow tires for some summer or all-season tires. Then, swap them back out again once temperatures start to drop in the late fall.

Do My Tires Have to Be the Same Brand?

When replacing a tire or two, you may wonder if you need to stick with the same brand. Well, you do not, but it is highly recommended. Overall, so long as all tires are the same size and relatively the same tread wear, the brand of the tire should not make much of a difference.

Have you just totaled your vehicle as a result of winter conditions, and you have no idea what you’re going to do next? Contact Benjamin’s Junk Cars at 317-218-7133 for free junk car removal in Indianapolis, Indiana. Not only will we tow your car away from the accident for free, but we will pay you cash on the spot if you sell it to us!

What You Need to Tow a Toyota Prius

Posted on December 31, 2021 by Benjamin

If you have a stalled or totaled Toyota Prius that requires a transport, you may be able to accomplish the job on your own. This can save you a lot of money by avoiding the need for professional towing service. If this sounds like an endeavor you’re up for, continue reading to learn which supplies and tools you will need to tow a Toyota Prius, plus a few tips on how to get the job done safely.

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Toyota Prius Towing Supplies

The towing supplies you need to transport your Toyota Prius will include a rag, Flathead screwdriver, wheel nut wrench, towing eyelet, and some towing cable. You can find all of these tools and supplies at your local hardware or home improvement store, or through an online retailer of your choosing.

You should be able to acquire all of these things for under $50. Your Toyota Prius may already have a wheel nut wrench and towing eyelet next to the spare tire and jack. Only use a towing eyelet that is specifically made for a Toyota Prius, preferably the one that came with your car.

In addition to your supplies and tools, you will also need a towing dolly or wheel lift. These can be a bit pricier, but many places will rent them for a lot less than wholesale price. You will also need another person to drive either the towing vehicle or the Prius.

What You Will Need:

▶ A Towing Driver
▶ Flathead Screwdriver
▶ Wheel Nut Wrench
▶ 6 Inch Towing Eyelet
▶ Towing Cable
▶ Rag

Towing Recommendations for a Toyota Prius

In all cases of towing a Toyota Prius, the manufacturer strongly discourages using a sling type tow truck. Instead, they recommend flatbed towing as the best option. If flatbed towing is not possible, the next recommended method of towing a Toyota Prius is to use a wheel lift truck, which will work like a dolly or dinghy tow depending on which end of the car is on the road.

The front wheels of your Toyota Prius should be on the wheel lift truck, and the wheels should not be able to rotate. If the rear wheels of your Toyota Prius are connected to the wheel lift, then the front wheels should be on a towing dolly.

How to Tow a Toyota Prius

Start by setting up your wheel lift and/or tow dolly. Refer to manufacturer’s instructions. You can look them up online if you do not have the original literature.

Remove the eyelet cover on the front bumper of your Toyota Prius. It looks like a square metal panel, slightly offset from the center of the bumper.

If you have trouble opening the eyelet cover, wrap your Flathead screwdriver in a rag and then wedge it in to use it for leverage. This will prevent scratching or damaging your car.

Screw your towing eyelet into the space provided beneath the eyelet cover. Begin this step manually, by hand. Next, use your wheel nut wrench to further tighten the eyelet into place.

Once the eyelet is secure, start up the engine. The car must be on so that you can shift the gear into neutral. Shift into neutral and then release the parking brake.

Remain in the Toyota Prius to help steer and use the brakes as it gets towed. This is mandatory.

Have the second driver connect the towing cable from your Toyota Prius to their towing eyelet. Be sure they remain under 18 miles per hour, which means you will need to avoid highways.

Be sure to not brake suddenly or start abruptly, as this can cause the towing eyelet to pull free.

Is your Toyota Prius totaled but not covered by insurance? Contact Benjamin’s Junk Cars at 317-218-7133 and sell a junk car in Indianapolis, Indiana for instant cash on the spot. We offer free junk car removal too!

Do Not Believe These 3 Myths About Car Insurance Coverage

Posted on December 13, 2021 by Benjamin

Tall tales and misconceptions have long contaminated the information surrounding modern-day automotive insurance. If you drive a car, you should have liability coverage in the least for your vehicle. Additional insurance advice can be sought out through your local insurance companies or representatives. In the meantime, to protect yourself from falling victim to any tall tales or conspiracy theories about your insurance, be sure to cover your tracks with the right knowledge.

Continue below to learn the top 3 myths about car insurance, plus what you can do if you total a vehicle that is not covered under policy in Indiana.

Top Auto Insurance Myths

Red Vehicles Cost More Money to Insure

Are red cars more expensive to insure? Although a common myth in the automotive insurance coverage, it is not more expensive to buy car insurance for red colored vehicles. In fact, the color of a car has absolutely zero influence on how much you are quoted for coverage. Instead, car insurance quotes are calculated by taking into consideration the make, model, engine size, and body type of the vehicle, plus the age, credit history, and driving record of the listed driver. Additional factors that may apply include the car’s sticker price and safety record, as well as theft statistics.

You Can Avoid Rate Increases By Not Reporting an Accident

Many drivers consequently assume that if they do not report their accident to their insurance provider, they can protect their policy rates from increasing. But this is not necessarily true. Unless you were the only party affected in the accident, there is a good chance your insurance company will find out about the accident whether you report it or not.

If the other driver is injured, they will report the accident with their own insurance company, who will then file a claim with your insurance carrier. Also, if you are ticketed at the scene of the accident, your insurance company will be automatically notified since it will appear on your driving record. Moral of the story here: unless it is a minor incident, you will need to report it to your insurance provider.

Auto Loans are Paid Off By the Insurance Company if You Total Your Car

Do not believe anyone who says your car insurance policy will pay off the remaining auto loan on your vehicle after totaling it in an accident. Whether the accident was your fault or not, car insurance only pays claimants the fair market value of a car, which may not be equal to the remaining loan balance. Fair market value is what the original cost of a vehicle minus depreciation.

For instance, if you purchased your SUV for $30,000, and now have $21,000 left on the car loan, but the fair market value is estimated at $17,000 after you total it, you will be responsible for paying the remaining $4,000 on the auto loan since the insurance company will only pay out $17K.

Have you totaled your car but you do not have auto insurance coverage? Contact Benjamin’s Junk Cars at 317-218-7133 to sell your junk car in Indianapolis for cash on the spot! We serve all of Central Indiana with FREE junk car removal!