So, do you have a junk car and you want to sell it off for a cash exchange. It can be a tad bit confusing and time-consuming to attain the best money by selling a scrap car. However, things always don’t have to be complicated.
If it’s your first time, chances are you might not be eager to go ahead with this. But when you manage things well, then you can get a good deal. To know more about selling your scrap car, you can check out Junk Car Genie.
In this article, we are going to talk about the steps that you should opt-in for when you are all set to sell your junk car for cash.
- Take away all the personal belongings
Most people spend ample time in their cars. They use their cars to drive to school, office, shopping, and go for movies. People use their cars to go on vacations, road trips, and visit their relatives and friends. They like to have their best things with them, such as rain gear, snacks, beverages, sunglasses and recorded music. If there are pets or kids along with you, you need to have other things.
Hence, when you finally decide to sell your junk car, you need to take away all your personal belongings. You should do this before a tow truck arrives for picking up the vehicle. At times, people leave some of their belongings inside the car. That can lead to an issue with the transaction. Hence, you need to check the car correctly to remove all your belongings from here. Here are a few places for you to check:
- Under the seat
- Glove compartment
- Under the seat
- Center console
- Under the cargo floor area or the trunk
- Door pockets
- Between the seatbacks and seat bottoms
- Overhead console
- Rear seat console
- Sun visors
- Storage areas such as cargo area, dashboard, rear deck and armrests
- Cargo space and the trunk
Make sure that you shred or remove all personal documents such as credit card receipts, auto insurance cards and registration documents. When in the wrong hands, it can result in identity theft.
- Get the paperwork correct
The most important thing that you require to obtain cash for your junk car is a valid car title and the ownership proof. It will be challenging to sell your car without the title. Think twice about a junkyard that doesn’t bother about the car title. When you don’t transfer the car ownership, you can come across liabilities as you still have a car. The exception for the requirement to provide a valid title is when the state you reside places a limit on the requirement of car title for a vehicle of a particular age.
It is essential to come up with a valid picture ID for a legal transaction. The exception gets made as a few abandoned cars might stay in certain places for years and the property owners don’t have the necessary paperwork for the same. However, it’s always an intelligent decision to ask the motor vehicles’ local department if you aren’t certain of the regulations pertaining to junkyard and scarp yard sales.
- You should get acquainted with the method to junk cars for money
You need to be aware of certain steps that will enable you to sell your junk car in a better way for cash. It’s essential to evaluate your car. You need to check your car condition and know that is the initial step to get the correct price for it. Some of the questions that you should ponder on are:
- Is the car drivable?
- Does the car possess any valuable parts in a great condition that can get resold?
- Are any car parts highly damaged?
You need to take these questions seriously and write down all the answers, as you will need to answer it when you are selling your junk car for a cash exchange. Almost all service providers all ask you these common questions.
- Search for the valuable components that you can sell
Selling your car’s valuable parts might be a great idea. However, you need to be aware of the know-how for it. There’s one word of caution here. Most of the junk car buyers purchase the cars whole and will not like it if anything gets pulled away from it. But in case the cost you get for the car doesn’t highlight much more than the value of the scrap metal, you can eliminate the valuable components from a car to get a few extra money. And some of the items are:
- Catalytic convertor
- The tires with ample tread
- Valuable electronics
- Alloy wheels
The moment all this gets done; you can store the parts in a safe location. After that, you have to price it all. You can then post all the items for sale online on prominent portals.
- Set a practical expectation concerning the price you might get
Being a car owner, you will want to get the maximum price possible for the junk car. Are you wondering how much that can be? If yes, you need to place a few things into perspective. You should know that the value of the car is mostly dependent on the metal content. The vehicle’s metal content is the basic value source when it comes to the scrap metal industry. The metals with which your car gets made can get recycled as well as reused to come with a varied range of items, comprising the new car parts. Today, there are set markets and costs of aluminum, iron, copper, palladium, and platinum found in the catalytic converter. All these have scrap value, depending on the market costs that fluctuate daily. Usually, the more metal that is present in your car, it’s worth goes up more as scrap. You will find that the SUVs and the big trucks comprise of increased metals compared to the midsize cars, which have increased metal compared to compact cars.
These are some of the essential factors you need to consider when planning to sell your junk car in exchange for cash.