Idea for Vehicle Damage

I would like some input on this idea I have for the vehicle damage. I think most of you have heard of the game "Flatout". In this game you can sling you player out the windshield and totaly trash your car. Well my idea is how to get vehicle damage like Flatout, where parts of your car falls off after taking some much damage. I don't know how to code this but for the modeling part you can place mount points for each part of the car. Like the hood, bumpers, doors, etc... Would this be possible to do?

-Stephen