Seeing a junk car lying useless in your garage can always be frustrating and you always want to get rid of it as soon as possible. It can be a real headache if you wish to sell your junk car for cash especially if don’t have any prior experience. However, the process is not as complicated as it seems, and if you follow certain guidelines, you will be able to carry out a smooth and profitable transaction. You will need to do a little bit of research regarding the prices of junk cars by searching it online or asking an expert. You will also need to identify potential buyers including used-car dealers and junkyard shops. You will then have to narrow down potential buyers by properly scanning and evaluating their profiles and quotations. Once you have finalized the buyer, you will have to prepare all your documents including the title of your car. In case you are selling your car to a junkyard shop, you might need to drive your car all the way to the shop. Some of the shops offer to pick up services for free while others charge a premium for that.
For obtaining a better idea of your car and estimating its correct value, you will have to understand the classification of vehicles and the right definition of a junk car. There are four major types of cars:
- Older models: These comprise of the cars that are around 10 to 20 years old. So, the car models manufactured between 1999 and 2009 would be considered older in the year 2019. These models are usually of less value than other ones. All you can do is to capitalize on the weight of their metallic parts.
- Late models: The models which are less than 10 years old come under this category. So, all the cars manufactured after 2009 would be considered late models. These types of cars are very valuable, especially the ones which are 4-6 years old. They have upgraded parts which further increase their value.
- Niche cars: These include cars intended to serve a particular purpose such as Vans, Vipers and other high-end vehicles. They have a specific market in which they are considered valuable.
- Junkers: The models which are more than 20 years old and have nothing unique about their design come under this category. It is very difficult to sell them for top dollar. The only way is selling them off to a junkyard shop.
Various buyer options a seller has while selling junk car
After identifying the model type, the next thing is to consider possible buying options which will earn you good value for your car.
- Insurance companies: In case your car has met with a massive collision or accident, repairing it is not the right option for you. The insurance companies are always interested in wrecked cars as they will further sell it to some other source and earn a good amount of money.
- Salvage vehicle auctions: You can sell a car for cash to potential buyers through intermediaries. These transactions can be done through salvage vehicle auctions. However, this method has its pros and cons. It is quite possible that you may end up with a highly profitable deal from a potential buyer. But, on the same hand, you will have to bear all the expenses of setting up the auction event. Moreover, you might also get duped by middlemen who earn the extra money that you could get from the buyers.
- U-pull it salvages yards: They are the best option to sell a junk car. They drain all the fluids, dismantle all the parts of the car and sell them separately. They are highly interested in the weight of your car. If you wish to earn more money, you can yourself dismantle the parts of your car and sell them to end users.
- Full-service salvage yards: The best advantage about them is that they are the end users without any inference of middlemen. It is very easy to sell a junk car for them. They buy your car to recycle its parts and then sell it, other buyers. The difference between them and U-pull it salvages yards is that they also offer services of cleaning and removing of car parts. They are also reliable and they have good inventory processes targeting specific customers.
If you are planning to sell your junk car for cash in the US then there is no better place than sellthecars.com. The company specializes in buying all cars and trucks. It is a nationwide company and therefore the company is easy to approach by the customers in any state. Moreover, the company is able to pay its customers the most money for any make and model.