No matter how well you take care of a car, there comes a time when it’s no longer usable. Whether you upgrade for something newer or the cost of repair for the old car simply isn’t worth it, you will eventually want to sell car for scrap and get at least something for it back.
And the good news is that even though figuring out how to scrap a car may seem confusing, the process is actually relatively simple. If you work with a reputable provider, you can sell car for scrap and get a good selling price without having to waste a lot of extra time.
To help you get started with finding the best junk car buyers and scrap yards, let’s look at how to scrap junk vehicles, how to get a good deal, what you could expect, and what documents you’ll need to get it done.
How to Scrap Your Car for Cash
When you decide you want to get rid of your scrap or totaled vehicle, one of the first things you’ll want to find out is what options you have when you sell car for scrap. Most people are aware of a local salvage yard they could take the vehicle to for the price of scrap metals, but there are actually other options you could consider when flipping cars for cash.
For starters, you don’t necessarily have to go to a cash-for-cars company and can explore offers from private buyers first. By listing your car on Craigslist or other online marketplaces, you can gauge interest from the public and see if you can get a good offer. Even if your car isn’t in driving condition, people might still be interested in its parts or might be willing to invest the money to repair it.
However, the problem with this approach is that it takes a lot of time and you can never be sure what types of people you’ll have to deal with. What’s more, if you’re not an expert on cars, determining a fair price can be a challenge.
That’s why for most people, instead of looking for prospective buyers on your own, it makes more sense to look into cash for cars services providers that have a good reputation and are prepared to pay cash for scrap cars in any condition.
When you work with a reputable company, you can get an instant offer for your car and schedule a pickup time on the same day, minimizing the hassle and providing you with fast cash you can use immediately.
How to Get the Best Deal
Even if your car is currently in poor shape, you still want to get a fair sale price and ensure that it’s a fair reflection of the average scrap car prices for similar vehicles.
But there are also things you can do to maximize your car’s value and get the best offer possible.
For starters, if you have a car you don’t use, don’t wait too long to scrap it. Every month that passes will potentially decrease the value you can get. If your car gets completely corroded and undrivable, you might have to settle for a cheap price, or at least much less than you could have gotten otherwise. At the same time, consider the best time to sell a scrap car to ensure you are selling when the demand is at its highest.
Another important aspect to consider when scrapping a car is that you should sell it as is. If it’s missing vital components, that can significantly reduce the amount you can get for it, as missing components can be difficult to source and can make up a significant portion of the vehicle’s overall price.
Finally, when you plan to sell car for scrap, don’t simply go to the first cash for junk car buyer you find. The prices offered by different buyers can vary significantly, and there are also other aspects you should consider such as whether they offer pick-up or if you’ll have to find a tow truck to transport the car yourself.
How Much Can You Get for Scrapping a Car
The amount you can get for your scrap car depends on a variety of factors. And while it may be difficult to accurately determine how much you can get without prior experience and a solid understanding of the market, there are some things you should know that can help you evaluate whether the price you are offered is a fair representation of what you could get.
The most important factor that will determine the amount you can get is the car’s year, make, and model. Different cars are worth different amounts, so if your car is newer and more luxurious, it will be worth more just for the parts, even if it’s no longer in driving condition.
Another important factor that will play a role in the car’s price is its size and weight. If your junk car isn’t salvageable, the majority of its value comes from the amount of scrap metal that it can be used for. Because of that, heavier cars will usually fetch you more in some situations.
Finally, how easy your car is to access can either increase or decrease the price you can get from a cash for cars company. If your car is located in an easily-accessible location, that will make the pickup easier, increasing the price. However, if you’re in a remote location, that will figure into the final offer you get as well.
What Documents Do You Need to Scrap Your Car
For the car sale to go through, there are documents that you should have as the legal owner of a vehicle. Even though there are exceptions, these documents will make the process much easier when making a private sale of your junk car.
First and foremost, you will need a clean title for your car so that the buyer can legally transfer ownership or notify the state once they destroy it. However, even if you don’t have the title but are the rightful owner, some junk car buyers can help arrange a notary service to resolve any legal issues that are preventing you from making the sale.
If there are multiple owners of the same car, they all will need to be present and co-sign the sale for it to go through. Alternatively, a Power of Attorney can be present to represent all the parties.
The Bottom Line
Selling your junk car is a great way to earn some easy cash while also getting rid of a vehicle you no longer use. But while there are many ways to do that, understanding the basic process will help you get the best price and minimize the effort you’ll have to put in.
At this point, you should not only have a solid understanding of how to sell a junk car but also have the confidence to not delay the process anymore.