When it comes to selling a junk car for cash, or any other type of vehicle for that matter, be sure to know the right steps to get the most for your money. It’s helpful to learn how to sell a junk car without getting into a bind, or making a bad deal. Knowing your steps ahead of time can benefit your financial gain and your car selling experience tremendously. When it’s time to sell your old car, rely on these lessons to get the most cash for your junk car.
Tips on How to Sell a Junk Car
When you have finally decided to get rid of your junk car, you must first complete a brief assessment of the vehicle. It is crucial to establish this analysis to determine the current status of your car. Once this is done, it is suggested to have the car assessed and inspected by a professional mechanic to more accurately distinguish the degree of value for your vehicle. This is not mandatory, but it can give you a leg up on negotiating prices with a potential buyer. This is because the better condition a car is in, the more money it’s worth.
Once the analysis is completed, it is advised to start calling around to various buyers. The most credible salvaged car buyers are junk car removal companies, scrap yards, and “cash for cars” services. These are the industries that pay the most for salvaged, wrecked, and junked vehicles. It is important to contact multiple businesses, even if they are not in your area. This type of research will give you an idea for the going rate of the junk vehicle you have and the condition it is in; then you can confidently distinguish between fair offers and potential scams.
There are particular things you want to look for when you call these companies. Ask them about their towing policy. Do they tow salvaged cars for free? Most scrap car buyers should offer free tows for scrap cars they are buying. It may be a bad sign if the company charges a fee to pick up your vehicle. Also, check for licenses, certifications, references, websites, and online reviews. This can also help determine which company can offer the best deal and who can be trusted the most.
Last, you must find the car title to your car. If you are not the title holder, then you may not be in position to sell the car at all. If you do not have the title but you are the owner of the vehicle, you must contact the local BMV for information on filing for a new car title. Most junk car removal companies and “cash for cars” services prefer to purchase salvaged cars with the title. In some cases, scrap car buyers don’t mind purchasing cars without titles.
Sell Your Wrecked Car
Once the title is located, you are ready to sell your old car. From here, simply choose one of the companies you contacted earlier and schedule a pick up time for your car. Upon arrival, the driver will have you sign over the title to the car and then hand you the money. They should be able to give you cash on the spot, but some companies hand out checks. Once they leave with the signed title, you are no longer the legal owner of the vehicle.