Is it finally time to sell that junk car that’s taking up space in the garage? If you have a car that’s on its last legs and the cost of repairing it exceeds the value of the car, then it is time to let it become someone else’s problem. If you have a junk car that you want sell you have several options. None of the options are going to offer you anything near what your car would be worth if it were in “good” condition but hey, it’s a junker.
So who buys junk cars? Junk yards that deal in scrap metal will obviously be interested in a hunk of steel, aluminum and copper. Salvage yards that sell used car parts are another source. If your car happens to be a popular model you may find an individual looking to restore it. Charities will take it off your hands (providing it has 4 inflated tires) and possibly give you a tax break. If the car runs, you may find a dealer who will take it as a trade in. Lastly there are companies like Broken Vehicles that specialize in buying junk cars.
How to get Top Dollar for Your Junk Car
Before you sell your car make sure you do your homework to get the best possible price.
- Proof of ownership. Make it easy for your buyer to buy from you. Have the title available, latest registration and the paperwork required by your DMV for a title transfer. If you are selling to an individual you want to be careful you don’t violate your state’s lemon laws. Generally speaking, lemon laws do not apply to cars sold “as is” or for less than $700.
- Establish a value. You are going to get questions about what’s wrong with the car. Do an honest assessment of its condition. The transmission may be shot but don’t forget the poor suspension, iffy brakes and the crack in the dashboard. Use any of the car value tools available online to find your year, make and model. Look to the definition of “poor” condition and then adjust from there to come up with a price.
- Will it run? There are junk cars and there are junk cars. If your vehicle can actually run it will be more attractive to buyers. It will also save you the price of a tow as many scrap and salvage yards require you to get the junker to their location. If a small repair can get the vehicle running it may be worth a few hundred dollars difference in the sale price.
- Get a price. Start calling the junk and salvage yards in your area and getting quotes. If your car runs (or even if it doesn’t) call yards in nearby cities to see if there is a difference in price. It’s important to be honest about the condition of the car because the buyer is going to want to inspect the car before making a final offer.
- Save time and get a fair price. Call a dealer like Broken Vehicle that specializes in buying broken cars. They have their own network of buyers and they know what’s hot and what’s not in the salvage business. Net result is you get a fair price with a single call. At Broken Vehicle they will come to your home, inspect the vehicle, do the paperwork, pay you and haul the junker away often in the same day you call.
Your junk car takes up space, is an eye sore, can become home to critters and is generally a pain to have on your property. Sell it and put some cash in your pocket today.