Steps to sell my wrecked car
Many people ask, “Where should I contact to sell my wrecked car”. It’s understandable. Selling a wrecked car won’t be easy for someone without any prior experience. Also, they won’t know whom to approach. It’s a completely different industry. However, if you give some time to exploring, you will find that the process is fairly simple. A lot easier than selling a normal car!
What are the steps to sell my wrecked car?
How to explore the market to sell my wrecked car?
Look out for websites that provide information on how to sell wrecked cars. There are plenty of them. They will tell you about the process, market prices, prospective buyers and much more. Go through such websites, and you will get relevant knowledge about the industry
Get an estimation for your car
Most of the websites provide free quotations for your car. All you have to do is fill out some information such as the make, model, mileage, etc. You will receive an approximate value in a few clicks. Once you know what your car’s worth, you can then put the selling price accordingly.
Want to reach out to a large number of buyers? Try advertising online. Many portals connect the sellers with the buyers. You will have to set up your profile and add some description. Also, you will have to upload a few pictures of your car. Interested buyers will see your profile and contact you with their offers.
Check the credibility of the buyers
Don’t rush into the deal. It’s not advisable. You never know if the buyer is genuine. Many scammers may try to dupe you. However, if you carefully evaluate their profiles, you can protect yourself. Start with reading out the information on their website. Genuine buyers provide all the relevant information to the seller. Also, you can read client reviews posted on their websites.
Close the deal
Once you shortlist the buyer, make sure that you properly communicate all the terms and conditions of the sale. Also, schedule a meeting with the buyer to discuss the details of the transaction. Once you feel that the buyer’s offer is profitable, you can then lock the deal.
How to get paid after I sell my wrecked car
Ask the buyer to pay you the amount in cash. It is the safest option. You don’t have to worry about the credentials. Sometimes, the buyers propose an installment scheme. They agree to pay you a partial amount followed by periodic installments. Such offers look plausible on paper. However, you never know whether the buyer will turn up or not in the future. To be on the safer side, experts recommend cash payment.
Inform your insurance company
Once you hand over your car to the buyer, contact your insurance company and inform them about the sale. It’s important, as you are no longer liable to pay the premiums. Also, contact your local department of the motor vehicle and ask them to cancel your registration. It will relieve you of all future liabilities with your car.
If you want to know more about how to sell a wrecked car, get in touch with us today!