If you have an old, broken car that’s no longer a useful addition to your driveway, it’s time to sell it. Whether you’re getting rid of it because it’s not working or because you don’t need it anymore, there are ways to do it legally and responsibly.
First, try to find a buyer locally. If you can’t, consider shipping the vehicle to a junk yard. This is a more profitable option than trying to find local buyers, though it will take a lot of work. You may also have to deal with shipping fees, which can quickly reduce your profit.
You can also sell your scrap car to an online company that buys cars for cash. Companies like Peddle and Wheelzy will pay you cash for your sell scrap car, tow it away for free, and hand you a check.
When you sell your junk car to a scrap company, you’ll need to fill out an application that gives them all of the details about your car. Then, they’ll appraise your car for free and provide you with a quote.
Once you have a quote from the company, you can decide whether to accept it or not. Many companies will offer a cash payment right away, and others will require you to bring proof of ownership to the yard.
The price you get for your junk car will depend on the condition, completeness, and type of car. If the car is in good shape, you should expect to get at least $200-500 for it.
In some cases, you can even get more than that. Some scrap yards will offer more for cars that have some parts still intact. These include things like the engine, transmission, and catalytic converter.
Another option is to part out your junk car and sell the individual components separately. Some of these components are very valuable, such as the radio or catalytic converter.
If you have the tools and expertise to remove these components, this could be a great way to get more money for your junk car. But keep in mind that these components can be very heavy, so you’ll need to make sure you have the proper tools to get the job done.
You should also be aware that some junk car companies will lower their offers if you have certain parts missing from your car. Some places will take $10 off of the car’s total value for a missing radio or $20 off if you don’t have a working battery.
The bottom line is that you shouldn’t put your old car up for sale on the classifieds or online unless it’s a total loss. These ads are often sketchy and will attract questionable characters to your house at odd hours of the night.
It’s better to get cash for your junk car from a reliable buyer. Fortunately, there are plenty of companies that will give you the best price for your vehicle.
Some of these companies will also handle all the paperwork. This is helpful if you’re not very familiar with the paperwork process.