Are you thinking about junking your car? There are many ways to get rid of a non-working, undesired or wrecked vehicle. You just have to know where to look and whom to trust. We asked the pros behind picknpulljunkcars.ca about the process of getting cash for junk cars, and they provided some insights we share with you, below.
Who Buys Junk Cars?
Almost anywhere you live in the country, you can find someone to pay cash for junk cars. But it is important to stay safe and not get scammed in the process. Some of the best resources for selling your junk car include:
Private buyers often look for junk cars to buy. They do this for a multitude of reasons. Some are collectors who rebuild specific makes and models. Others need scrap metal for any of dozens of uses. Still, others want to use the parts to repair their own vehicle. And some resell the junkers to others.
The best way to sell to a private party is to provide every detail you can about the vehicle in your ad or listing. You can place these ads on Facebook, Craigslist and other online marketplaces. Be sure you post plenty of photos of the vehicle from all angles and be honest about its condition. Remember, buyers are afraid of taking big risks in terms of safety and value, too. The more honest you are in your posting, the more qualified the buyers you attract.
Every town typically has a scrapyard located somewhere in its proximity. These junkyards make their profits by paying cash for junk cars, then selling them part-by-part. This is called “parting out.” It helps to know the current market price for scrap metal when selling to a scrapyard. Large vehicles obviously fetch more cash for your pocket than small ones. Also, ensure you are selling to a licensed yard to ensure you do not get scammed.
Dealers typically make the most money by buying cars, cleaning them up and reselling them to the public. So, if you have a real junker, you may struggle to catch the eyes of interested dealers. For this reason, call before you drive to the lot. Make sure they have interest in your make and model, as well as its condition.
Donating your vehicle to a charity will not get you the cash you want. But it will help you financially later through a tax write-off. But before donating your car, do your research into the charity’s validity. Ensure they provide you with a receipt for your donation, too.
Getting the Most for Your Junk Car
There are specific ways to get the most cash for your junk car. These include:
- Know the vehicle’s NADA and Kelly Blue Book values
- Be realistic about your vehicle’s condition and value
- Do not forget about the cost to tow your junker to the buyer
You also should prepare your junk car before listing it for sale, taking photos or inviting buyers to see it. To prepare your vehicle to get the best possible selling price, consider the following steps:
- Wash and detail the interior, unless you are selling to a scrapyard
- Have the title and other paperwork ready
- Remove your valuables from the vehicle
These simple preparations can make a big difference when it comes to finding a buyer for your junk car. They can make the process quick and easy, ensuring you do not lose any personal items in the process.