4 Steps To Get The Most Money Out Of Your Junk Car

Posted on: 27 December 2018

There is still a lot of value in a junk car if you decide to sell it. Many car owners approach the sale of their junk cars as simply a way of getting rid of the car. Unfortunately, this approach can cause you to miss out on a better deal that could even give you a great start on your next vehicle purchase.

To get the best values when putting up junk cars for sale, car owners need to take a few important steps.

Do a Proper Value Assessment

It's impossible to know what a junkyard or dealer should pay you for your junk car if you don't know what its actual value is. Many car owners don't do a proper appraisal of their car's value. This means they may settle for a very low price or miss out on a good deal because they believe their car is worth less than it actually is.

To know what your vehicle is worth, you need to get as much information about the condition of your vehicle, including things that are damaged, whether it still runs, accident history, etc.

Get Multiple Prices

When you contact more than one junkyard, you may be surprised to get quotes ranging from zero to hundreds of dollars. To the right people, your car might be worth a lot of money. This is why it's a good idea to check with a variety of dealers to see what they're willing to offer. If possible, you should expand your price checks outside your locality. This can substantially improve the quality of the offers you receive.

Get the Car to the Buyer

If a buyer has to get the car on their own, you can be sure that they'll be offering you substantially less money. This is due to the time and money they'll spend taking the car away. If you can drive the car to the junkyard, it's even better since a car that still runs usually attracts a higher price.

Avoid Deals that Sound Suspicious

You can lose a lot of money chasing after deals that seem like they're too good to be true. A common tactic by unscrupulous junkyards is to quote a high price over the phone only to lower it substantially once you bring the car to them. People who are quick to make you an offer without seeing the car or finding out more about it should be avoided at all costs.

Use these tips during your next vehicle salvage to get the most out of your time.