Do you have an old car that isn’t running anymore? Is it simply taking up space in your driveway? Don’t scrap it! If your junk car qualifies as a total loss, that means the cost of fixing it would be more than its market value. You can still sell it and get some cash back instead of paying to have it towed off. Here are the steps to follow if you want to sell a scrap car for cash.
Assess the Damage
The first thing you should do is assess the damage. You need to figure out what needs to be fixed and how much it will cost. Then, you can decide whether it’s worth fixing or selling your car for scrap. If it’s worth fixing, you have a few options: to call a tow truck and take your car to the nearest mechanic, or taking pictures of the damage and finding a mechanic who will come look at the car in person.
You may also want to contact your insurance company if there was an accident involved. Whatever you decide, always have proof of ownership on hand – that way if something goes wrong with your transaction, no one can claim they didn’t know they were buying stolen goods.
Find a Buyer
Finding a buyer is easy with the right search engine. You’ll be able to find many websites that offer cash for junk cars. Once you’ve found one, you’ll need to call them and give them the necessary information, including your car’s year, make, model, location and condition of the car. They will then send an inspector out to determine the car’s value. If they’re willing to buy your car, they’ll make you an offer which you can accept or reject.
Negotiate the Price
If you’re looking to sell your scrap car for cash, it’s important to understand the going rates for different types of cars. You’ll want to take into account the make and model of your car, how old it is, and how much mileage it has.
It’s always a good idea to have some pictures of the vehicle before you start negotiating so that you can show potential buyers what they’ll be getting if they purchase your car. Be sure to answer any questions a prospective buyer might have about the condition of your vehicle and keep in mind that they may not be willing to pay top dollar.
Get the Paperwork in Order
Before you sell your scrap car for cash, make sure you have the appropriate paperwork in order. If the car is financed, contact your lender and let them know that you are selling the vehicle. Additionally, if there are any outstanding tickets or violations on the vehicle, get those taken care of as well before attempting to sell it. If necessary, contact your insurance company to get a letter certifying that the car has been scrapped. Finally, once all of these steps have been completed call up a local scrap yard and find out what they will pay for your scrap car. The average price is anywhere from $100-$300 depending on weight and other factors such as color and age.
Arrange for Pick-up or Drop-off
If you want to sell your scrap car for cash, then you will need to arrange for a pick-up or drop-off. If you decide to have it picked up, you will need to contact your local scrap yard and schedule a time for the car to be taken away. You can also drop off your scrap car at the nearest scrap yard as long as they are open. Once it is dropped off, the company should provide you with some sort of receipt which proves that they received the car.