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Know Before You Go

Replacing your damaged vehicle

If your vehicle was totaled during a recent disaster like a hurricane or a tornado, you’ve likely already filed a claim with your insurance company. There’s some good news if you’re looking to replace that vehicle.

Auto manufacturers may offer discounts to disaster-impacted drivers.

“Having access to transportation can help people regain a bit of control after a chaotic period,” said Jim Manelis, Chase Auto Executive. “While the auto industry may step up to help drivers with discounts after a disaster, keep in mind that replacing a car is still a major purchase. Make sure it’s the right decision for you.”

If you decide to purchase a new vehicle, here are a few tips:

  • Bring a letter from your insurance company that clearly identifies your damaged vehicle and states that the damage was a result of the hurricane.
  • Ask your dealer if there are any special offers available - only residents of certain counties may be eligible for discounts.
  • Some manufacturers may require that the registered owner of the damaged vehicle is the new buyer, while others may extend the discount to those who live in the same household of the owner.
  • Confirm if the disaster relief offer can be combined with other retail offers; if it can’t, make sure you evaluate the alternatives.
  • These are typically limited-time offers. Check with your dealer for specific expiration dates.
  • Know what you can afford. Insurance payouts are typically based on the current market value of your vehicle and not the replacement value.
    Use an auto loan calculator to estimate your monthly payments for your new car.
  • Some lenders, including Chase, may offer interest rate discounts on auto financing for a limited time following a disaster. As always, financing is subject to approval and rates vary.

If you are ready to shop, when you visit your local dealer make sure to ask if any assistance is available.

Keep in mind that auto dealers in your area may also be impacted by the same disaster that damaged your vehicle, so their business hours and inventory may vary. Check the dealer's website or call ahead to make the most of your time.