It’s possible to get decent cash for scrap cars if you can find the right buyer. For that, you will have to carry out market research and look out for locations where there is high demand for used cars. You can also explore prices by visiting websites that provide free quotations. They ask you to mention the details of your car, its make, model, mileage, etc. The value of your car depends on multiple factors and also on whom you are selling. For instance, if you are selling your car to a regular buyer, the model and make will significantly impact its price. On the other hand, if you are selling it to companies that buy junk cars, then the weight of the car will be the sole determining factor. Currently, in the US market, junk cars can be sold within the range of 100-500 US dollars. Let’s look at the factors that determine the cash for damaged cars:
Factors affecting the price of junk cars
Location
Your location plays a crucial role in determining the price of your car. Suppose, you are living in a region where the demand for a particular model is high and you wish to sell your car to a regular buyer, then you can expect a great deal on offer. Also, you won’t have any problem finding potential buyers. There will be plenty of them.
Vehicle specification
Older vehicles are heavier as compared to newer models. If you happen to own a vintage car, then you can get top dollar as it will have plenty of metal parts. These metal parts can be sold to salvage yards without any hassles or paperwork.
Car’s condition
Though it’s quite obvious, it is still worth considering. If you manage to keep your car in a good condition, then you can easily convince a buyer to pay a good amount for it. Regular buyers willingly pay cash for scrap cars if they feel that the car is worth driving on the road.
Price of metal
If you are scrapping your car, then most of its value will be determined by the market prices of metal parts. The salvage yard will weigh your car and quote the price as per the scrap value.
Time of the year
Usually, the sales boost up in the month of spring. People rarely move out in winters and therefore you won’t find many buyers during fall. Try to wait for the right time of the year to pitch your offer.
Want to know how much Junkyards will pay for your car? Give this blog a read!
How to earn good cash for scrap cars?
Remember, earning top dollar for scrap cars is not a big deal. All you need to do is to be informed in advance about the market prices and demand for used cars. It includes prior preparation also. You need to get your documents, especially the title ready as you will need it to transfer the title. The buyer won’t give you your desired price if the documents are missing. Also, talk to multiple buyers, get free online quotes and compare their offers. Shortlist the buyers that seem to be genuine and then start the negotiation process with them.