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What You Need to Know about Selling a Junk Car

September 6, 2019 //  by Anna//  Leave a Comment

 

Yes, you read it right. You can make money out of junk. Getting rid of an unused and unwanted vehicle from your garage can get you a few bucks. There are details you have to bear in mind, though. You can’t just go to a shop that offers cash for junk cars in Fort Lauderdale or other cities, for example. If you want to fetch the best possible price, go over the following pointers.

Prepare your vehicle

Expect to sell your vehicle at the lowest price if you are offering it in its worst condition. Remember that scrap yards buy junk to be recycled or resold. If your item does not have anything worth salvaging in it, nobody will be willing to pay a good price for it. That’s why you have to make sure that you preserve the car in its best possible state.

Clean the unit and prevent pests from turning it into their home or breeding ground. Don’t expose it to the elements as the sun, rain, and moisture will only accelerate its deterioration. If you leave it in your yard, cover it with something waterproof and thick enough to prevent it from getting drenched or heated by the sun repeatedly. Also, make sure it is sealed, so insects or vermin don’t infest the interior. You may end up spending for the removal of infestation before you can sell the car.

Know the process

Once your vehicle is ready, get acquainted with the process. Generally, you will have to complete a form that asks for your basic information and details of the vehicle you are selling. After you submit this form, the shop will evaluate it and make an offer.

You can’t just offer your car to one shop if you want to get the best price for it. Present your vehicle to multiple companies. Nothing prevents you from doing this even if you have already submitted a form to one shop. A transaction is only consummated once you agree to the price of the buyer and you receive the payment.

Logically, you wouldn’t be towing your junk car to every shop to “present” it. You only need to submit information as well as photos of the vehicle. Doing so would be costly, and you will likely not recover the cost of towing from the price for selling the car.

Junk cars accepted

Shops accept almost any kind of junk car. These include old cars and trucks that are no longer operational, vehicles affected by fire or water damage, and others deemed unwanted in certain locations. Cars that have figured in accidents can also be sold, even those that have been totaled. Just make sure you don’t sell a car that has yet to be inspected for insurance claims. Junk cars from accidents tend to fetch better prices because they usually have more salvageable parts.

If you are thinking of selling your car, take note of the points briefly discussed above. Make money out your junk but don’t settle for the lowest possible amount.

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Category: Entrepreneur

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