What is meant by the term, ‘a totaled car’?

Normally, if the cost of fixing the car is more than 70% of the fair market value of the car, the car is deemed to be totaled. For example, if the market value of the car was $4,200 and the cost of repairing the damage of the car would cost around $3,500, then the car could be considered as totaled. Once the car owner had estimated the fair market value of the car and its repair charges, the conclusion of the car being totaled could be easily arrived at by that person. In these days of Internet, it is not at all a difficult task to find out the fair market value of a car. Websites like www.autotrader.com would be the ideal ones for this purpose.