What are the steps to sell my wrecked car

sell my wrecked car

Many owners have this common question, “How do I sell my wrecked car?”. Being inexperienced in this field, they don’t know where to start with, whom to approach and how to prepare? You may be surprised to know that the process to sell a wrecked car is a lot easier than most people comprehend. All you need is a bit of research and preparation. Let’s find out the important steps to get the best deal for your wrecked car:

Start with market research

sell junk cars

This is your first time learning about the market. Being a first-time owner, you need to know how the market operates. It includes the prices of used cars and types of buyers that are willing to pay for them. You can explore how the car prices vary depending upon the location. Get in touch with companies that provide free quotes for your car. With all this information, it will be easier for you to find the right buyer.

Get your documents ready

Before you even start to negotiate with the buyers, you will have to make sure that you have your title with you. Without the car’s title, you won’t be able to transfer ownership. The buyers are also not interested in taking the risk of putting their cash without proper documentation. In case you have lost your title, you need to contact the local department of the motor vehicle to issue a duplicate one.

Put up an advertisement

sell my wrecked car

Selling your wrecked car online is the best way to reach out to a large number of buyers. Though the traditional way of physically visiting the junkyard shops has its own advantages, considering the busy schedule nowadays, online selling is far more effective and convenient. To put up the ad, you will have to first set up your profile. Explore websites that connect buyers with sellers. Put all your information including the car’s description and your expected amount. The interested buyers will contact you with their offers. The other option is to contact companies that buy used cars online. These companies provide you with a free valuation for your car. You need to mention the make of your car, mileage, model, etc and the experts from the company will revert in some time.

Shortlist genuine buyers

Once you put your ad online, you will be contacted by potential buyers with their offers. The key is not to rush into the deal. Once you receive the offers, be patient and carefully evaluate the buyers. This will protect you from falling into the trap of scammers who may try to dupe you with fake offers.

Accept cash payment

Close the deal with cash payment only. It’s the safest option. Also, you won’t have to wait for check clearance. Online payment is also a good option considering you have carefully assessed the credibility of the buyer.

Get your registration cancelled

Once you close the deal, contact the local department of the motor vehicle and ask them to cancel your registration. This way, you won’t be liable for anything that happens to your car in future. Also, ask your insurance company to stop your premiums.

How much will a junkyard give me for my car?

Companies that buy cars

Do you still dread this thought, “How to get the most money from companies that buy cars?”. Are you still getting negative vibes when you consider disposing of your four-wheeler? Well, don’t worry. It’s normal for anyone to have such feelings. Not every day do you take your car to the market and sell it for top dollar. It’s usually once or twice in a lifetime. Besides, it’s difficult to digest the fact that a junk car will be of any value to anyone. You may worry, how much money would you get from companies that buy cars?

Surprisingly, selling a wrecked vehicle to a junkyard shop and getting a good value is a lot easier than disposing of any of your assets. The reason is, a wrecked car is highly valuable to the junkyard owners and they are ready to buy it in any condition.

What do junkyards do with wrecked cars?

sell junk cars

Once the junkyards take your car, they dismantle it and remove the metal parts. These metal parts are then melted and used to make other equipment. The remaining material is disposed of as scrap. If some parts of the car are still in working condition, they are used in other cars as a replacement.

Ensuring credibility of junkyard buyers

sell junk car

Selling a junk car is not a risky affair. You already want to dispose of your car and therefore, whatever money you get from the sale is a bonus. However, that does mean that you become complacent while dealing with the buyers. You need to ensure that they are genuine. Many junkyard buyers don’t bother to provide you with complete details of the sale. If you don’t have solid evidence that you have handed over your car to the buyers, you will still be held responsible for any accident or mishap that happens with your car in future.

It’s better to first go through the profile of the buyers and client reviews before finalizing one.

How to get the most money from companies that buy cars

companies that buy cars

It’s difficult to determine the price of a used car. It depends on multiple factors. For instance, the amount of metal present in your car. If the car majorly comprises metal parts, there is a high chance that you can get a good offer for it.

In case, a few parts of your car are still working, you can negotiate on a higher price. Alternatively, you can dismantle the working parts and sell them separately in the market. The rest of the car can be disposed of as scrap.

How to close the deal with companies that buy cars

Once you reach an agreement with the buyer, ask for cash payment at the time of delivery. Make sure that the entire amount is paid at once. Don’t hand over your car if any amount is pending.

Also, inform your insurance company about the sale. Ask them to stop your future premiums. You will have to get your registration cancelled by contacting the local department of the motor vehicle. This way, you won’t have any liabilities with your car in future.