If you have an old clunker sitting around taking up valuable space, you might be wondering how you can get some cash for that old thing. There are many different ways that you can try to sell your car, and you can expect to receive different prices depending on how you sell. We are here to help explain the different methods of selling a junk car for cash and some tips on how you can get top dollar for that junker.
Ways to Sell a Junk Car
In order to get the best price possible for your car, you first need to know what options are available for getting rid of it. The options available to you depend on the condition of the vehicle, your location, and a few other factors. Here are some of the most common selling methods.
1. Online Classifieds
Many people turn to online classified ads like Craigslist when they need to unload an old vehicle. This method can be effective, but it does come with some drawbacks. Dealing with buyers on these sites can be quite the headache.
Many times, you field multiple calls from people who never show up. When they finally do show up, they want to make you a low-ball offer that is not even close to your asking price. On the other end of the spectrum, you may put an ad out there and never get any interest. In order to sell your car, you must be able to find interested buyers!
2. Junkyards and Salvage Facilities
Another common way to sell your junk car is by visiting your local junkyard. They will typically buy your car for the purpose of recycling, so even if it is total scrap, you can still get a few dollars for it. The weight of your vehicle is usually the largest determining factor in how much they will offer you. You can expect to receive $100-$300 by going this route.
One drawback to this method is the fact that you have to find a way to get your car to the junkyard. If you have to pay for a tow truck, then that might eat up every penny that you get paid for the car. However, if you have a way to get the car to the junkyard, this is a good way to get a quick buck for it.
If your car has any usable parts left on it, you might consider contacting a salvage yard instead. Salvage yards will resale the good parts on your vehicle to others who need those parts. Parts like the catalytic converter, windshield, body panels, and trim pieces are worth much more in usable condition than when they are scrap.
Going this route is likely to yield a higher price than simply recycling your old vehicle. Depending on the year, make, and model of your car, you could receive $500, $1000, or even more for your salvage vehicle. In some cases, you might even consider removing and selling the parts yourself. Of course, you need to match each part to a buyer, so it might take some time to make much money doing things this way.
3. Junk Car Buying Service
This has become a very popular option in recent years. These nationwide car buyers will make you an instant cash offer based on the details of your car. They will also come and pick up the car for free at a time that is convenient for you. They usually offer competitive prices, and when you consider the free towing, it creates a win-win situation.
Tips to Get Top Dollar for Your Junk Car
Now that you know the main avenues for unloading that car, here are a few tips for getting the most money for it. The biggest tip is not to wait! The longer that car sits wasting away, the lower the value will go. Unload it today before the value drops any lower.
Also, do your homework! Research scrap metal prices and junk car prices in your area so that you are in a position to negotiate with the buyer. If you have a good idea of your car’s value beforehand, then you are able to spot a great offer when you receive it. Lastly, call around and get multiple offers. You don’t have to take the first offer you get, and by calling around, you can be certain that you are getting the best price possible in your area.
Article Submitted By Community Writer