Total Loss Car Buy Back May 2026

: 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

: You must inform your insurance adjuster as soon as possible that you intend to keep the vehicle before it is sent to a salvage auction. : In most states, the car will be issued a salvage title