If a car sustains so much damage that it would cost more to fix it than it's worth, the vehicle is declared a total loss. The vehicle's value is essential to determining if the car is worth repairing.

Wholesale price/trade-in value. This is essentially a car's trade-in value to a dealer, who will likely sell it to someone ...

CheapInsurance.com reports that a car is a total loss when repair costs exceed its actual cash value. It outlines options and ...