Table of Contents
- Reasons to sell a junk car
- Tips and tricks to sell a junk car
- How to sell a junk car?
- How will I get paid when I sell a junk car?
- Junk car buyers that do not pay cash instantly…
Selling a junk car has become a thing with many looking to cash in a good offer before waiting too long to sell a junk car resulting in a lower offer. If you’re looking to sell a junk car and need some tips and tricks, ways on how to sell a junk car, and other helpful details, then continue reading as this guide is for you.
The United States has seen a rise in junk car buyers with many competing to give you a good bargain. However, there are a lot of things you should be aware of before you accept any junk car buyer’s offer. Before you learn some tips on tricks, you need to make a conscious decision to sell a junk car. That is the first step. Let’s look at some of the reasons why we think you should sell a junk car.
Reasons to sell a junk car
Many of us like to hoard things. Pencils, shoes, and even cars. Yes, you heard that right. You may have a junk car rusting away in your garage for years or parked up in your driveway from your 18th birthday. Most of us develop attachments with things and it can become very difficult to let go. However, here are a couple of solid reasons to sell a junk car.
This goes without saying, you can get quick cash when you sell a junk car. If you’re behind on your payments or are looking towards getting a new car, sell your junk car and put that extra cash towards that. Junk cars fetch a good amount of money depending on the vehicle make and model and the state you’re looking to sell a junk car. Expect anywhere between $100 to $1,000 and even more for your junk car. This is a great way to collect some rainy day money because you never know when the economy starts to act up.
Space has always been a huge problem in many households. Not everyone has a large house and adding real estate to your home in a crowded city can prove to be impossible. Those with large houses might also face space issues because of all the clutter and unnecessary items being hoarded. It’s time to let go and make space for a workbench or a new car or even build something over there like a cabinet or shelves for your tools. There is a lot you can do with the free space if you sell your old car.
Harmful to the environment
Old vehicles are victims of rust by air and chemical corrosions. The vehicle still has certain hazardous liquids in the engine that overtime adds toxicity to the air around the vehicle. This can be dangerous to breathe in for children and pets. These harmful liquids can even drip on the ground from the vehicle which is very dangerous if your junk car is parked in your backyard. The harmful substances will affect your plants and make the area unsuitable for people to walk in.
There are many different reasons to sell your junk cars. Some might be reminded of a memory they wish to forget or for some, it might be adding aesthetics to the house. Once you’ve decided why you want to sell your junk car, the next step is to start getting quotations from the junk car buyers around you. There are a couple of tips and tricks you should be aware of before you sell a junk car. Many junk car buyers will take advantage of you if you’re not knowledgeable in this space.
Tips and tricks to sell a junk car
Don’t be so quick to accept the first quotation that comes through your door. Always get a couple of quotations and compare which one is giving you a good deal. Here are a few tips that you can follow to get the most out of selling your junk car.
Knowledge is key
Junk cars might not fetch you a lot of money in general but junk car buyers take the time to rip the car apart, sell the working junk car parts in the secondary car market and sell the car body in the scrap market.
You should know which parts in your vehicle are working and can be sold in the secondary car market. Check the value of these parts so that you’re able to negotiate a better rate.
Look for a free tow
Many consumers will accept the highest bid without looking at the terms and conditions. There are junk car buyers who offer free tow and it is important to understand that free tow will save you a lot of money down the road.
If a junk car buyer offers you a good rate without a free tow, then you would have to spend money on fuel or a tow car to tow the vehicle to the junk buyer’s premises. That’s added expense and wasted time. Avoid all that with a company that offers a free tow without any conditions.
Ensure vehicle is in running order
Junk car buyers will purchase junk cars that are not working, however, you will get a good rate if your junk car is operable and can run on the road. Driving up to the junkyard in your junk car is also a great way to send a message that the vehicle is in a good driving condition which can aid in boosting the quotation upwards.
If your vehicle is not in a good condition, then try to do minor repairs that won’t cost much. However, if your vehicle requires major repair work, we recommend selling the vehicle as it is rather than spending money on it.
Have complete documentation
Junk car buyers will look at the title of the vehicle. A vehicle’s title is proof of purchase and shows the details of the current owner. Not many junk car buyers will purchase a junk car without a title. However, you might come across some who will buy it off your hand without a title. But if you’re selling your junk car that does not have any title, expect to get a low rate.
You can get your vehicle title duplicate if you’ve lost it by approaching your local DMV.
Before we get to how you will get paid when you sell a junk car, you need to know that the answer to that depends on how you sell your junk car.
How to sell a junk car?
There are a lot of ways you can sell a junk car and all of these have their benefits and disadvantages.
Junk car buyers should be your first option
Junk car buyers are the easiest way to sell a junk car. They will come to your site, in many cases, and pick up the vehicle from you. However, there are many junk car buyers so you need to do a bit of research before approaching or shortlisting the quotations you have received. Go through their websites and their online reviews before you decide which quotation you’re going to shortlist.
Sell online on craigslist
There are many online websites and publications you can approach to sell a junk car and the most known of these platforms is craigslist. The website has many viewers and will give you some traction if you were to put the ad up for your junk car. However, be careful of people online as you never know who you might bump into. If you get someone interested in the advertisement, call them over to a mutual place where you can discuss the deal. You should also see whether or not you feel safe around the person. If you don’t, it’s time to call off the deal before you even invite him over to your place to view the junk car.
Facebook ads are a good option too
Besides craigslist, there are other options like Facebook ads. The platform has millions of users and fantastic algorithms that can help you sell a junk car faster than you would think. Try to take a couple of nice photos (because aesthetics matter) and post it up. Ask your friends and family to share your advertisement or post to reach a greater audience. Facebook eliminates the risk of strangers knocking on your door or a shady person because you can view their profile before accepting their offer.
Many websites will ask you to boost your Facebook post to reach a wider range of audiences. That is true, however, you need to look at the trade-off you will get for spending money on advertising. For example, if you paid $10 to boost your post for a week and are getting a lot of queries then you can continue boosting the post until your junk car is sold. But if you’re not getting any traction from your ad, then consider rethinking your marketing strategy because if you continue doing what you’re doing, you’re going to end up losing money.
Approach scrap buyers
This should be your final offer if you feel that you have tried all doors but can’t seem to sell your junk car. Scrap buyers will happily take your junk car off your hands and offer you money according to the weight of your junk car. The thing with scrap buyers is that they will not offer you a good deal as they have to go through a lot of hard work to get the plastic separated from the scrap metal.
How will I get paid when I sell a junk car?
So now that we have gone over some of the many ways you can sell a junk car, the payment method will depend on the route you decide to take.
If you’re selling your vehicle on an online platform, then you could ask the buyer to pay either in cash or wire you the money to your bank account. Some people prefer to take cheques or a bank draft but that all depends on your preference and the buyer’s ability to pay in that payment method.
If you want to sell a junk car to a junk car buyer then do note that many of them deal in cash. The idea of selling a junk car is to make instant cash so when you get a quotation from a junk car buyer, the first thing they will do is to ask you to book a date for the pickup. During the pickup, the junk car buyer will send a representative to examine the vehicle. If everything is okay, they will pay you cash on the spot. This is a great way to close a deal and one of the reasons why we recommend consumers to sell a junk car to a junk car buyer.
But what should you do if you come across a junk car buyer that refuses to pay cash or wants to pay later?
Junk car buyers that do not pay cash instantly…
You may come across junk car buyers who will ask to take your vehicle to their lot for examination or take your vehicle and ask you to wait a couple of days for the payment. If anyone does that, refuse to give the junk car.
Many junk car buyers will happily come over to your place, pick up the vehicle (providing a free tow) and pay you in cash on the spot. Those are the people you should deal with as there are no hassles involved. Those asking to pay later or other modes of payment, for example, cheques, might be the ones looking to profit exorbitantly from you or they might be scammers. Yes, there are scammers in this space and this is why we recommend that you do your bit of research before going for a junk car buyer.