Make Money: 7 Tips for Selling a Junk Car

Junk cars are autos that sit in a junkyard for various reasons. Some are wrecked, while others have a persistent mechanical problem or would cost more to maintain.

Despite the auto’s condition, selling a junk car gives you money for your car’s value.

Do You Consider Selling A Junk Car?

Probably you are wondering on how to get rid of a junk car. The process needs small research on the nearby salvage yards. Following are tips for junking a car to a reputable salvage yard.

Establish Ownership

Before you sell your junk car, most states want you to prove the automobile’s ownership.

That’s done by presenting official documents. These include title of ownership, repossession affidavit, mechanic’s lien, auction sales receipt, and storage lot lien.

The title’s the proof that you own the auto. Most junkyards don’t buy cars without documental proof. You sign the title after transferring it to the seller.

Choose a Salvage Lot

Your junker is probably worth hundreds of dollars. Consider the one paying the towing fees. Some provide free towing services to entire auto sellers.

Compare Price Quotes

A car that’s in bad condition or wrecked it’s hard to determine its worth using industry price guides. For instance, Kelley Blue Book. In such circumstances, ascertain the vehicle’s worth by getting various price quotes.

No matter the route you take, you want to get the best price. Utilize the Kelley Blue Book to establish your car’s value. The book is a widely-used and respected resource for autos’ valuation.

It’s an idea to estimate the pristine version of a similar model and make. If knowledgeable about auto repair, you subtract the total costs from the Kelley Blue Book’s price. It offers the approximate price that you should sell your junk car.

Call to different junkyards and salvage yards. Do that after assessing your auto’s details. Compare the merits and demerits of your options.

Remove Your Items

It’s easy to forget your notebook or iPod in the glovebox or seat pocket. Slide your hands under every seat. Open your trunk and check under floor mats.

Remove all your items before you hand over the auto.

Know the Lemon Laws

A Lemon Law governs the condition of a car before selling. It helps buyers to spend money for the right value. Different states have varying laws. Always check specific laws for your state.

For instance, in Texas, buyers of autos are protected in situations of buying malfunctioning cars they weren’t informed. In such cases, the seller is responsible for expenses and court fines. That’s if the buyer sues in court.

Following are four lemon laws:

1. State Lemon Laws

Research New York State lemon laws.

2.Mileage Tampering Laws

It’s mentioned in most law documents. You aren’t permitted to tamper with the auto’s mileage. Breaking it is law punishable.

If the odometer is faulty and you aren’t responsible, notify the buyer. Besides, it’s indicated in the title.

3. Private Seller Laws

Many states enact lemon laws differently. That’s on private owners selling their vehicles versus dealers. Get to know what your state defines dealer as.

For instance, in NY, you’re considered a dealer if you sell more than five vehicles in 12 months. Laws addressing dealers are stricter as compared to private parties.

4. Price Maximums

You can avoid lemon laws by sticking to a particular price range. For an auto sold for over $700, many states only give refunds under the laws. It’s the same case for the car’s age and mileage.

Have Info Handy

When you’re ready to junk a car, ensure you have available information at hand. It eases the selling process and ensures you get the best quote. Information you should have in hand include body condition, mileage, year, model, make, and car title.

There’s also engine condition, body condition, and signs of interior or exterior damage. Take inventory of your auto. Is the car completely immovable, or can it be driven? Note any parts of severe damage.

Record all the valuable parts like the GPS, the alternator, or tires in good condition. The details are used to give junkyards precise description.

Set pick up time. Most salvage yards can operate around your schedule. Some pay more if you take the car to them.

Complete Sale Paperwork

Understand your restrictions and local laws when selling junk autos. At times, legal paperwork is needed to scrap the whole car’s body. Some salvage yards have full-time clerks that do the entire work for you.

Transferring the auto

Tow or drive the auto to the junkyard. That’s if you are comfortable and able to do so. By saving them time and labor, some junkyards give more cash. Besides, they pay higher for cars that are driven. That’s as compared to the wedged autos.

Get paid for your car

Ensure you get paid after surrendering the ownership document. Without the document, you don’t own the car. Payment should be done before towing your auto.

Notify Insurance/DMV

Check the requirements of junked autos by visiting the New York DMV. Like other car-related matters, each state DMV handles the relinquishing process differently.

Notify the DMV that your car is sold, donated, or traded. That can be done through a customer service center, contacting them online, or calling them.

Remove number plates from the car you want to junk. If it’s the exchange of autos, transfer old plates to the new auto.

Bottom Line

There’s a time when selling a junk car comes in handy. The money you get assists you to buy another car or to clear bills. Our dependable scrap yard engages in buying junk cars.

Are you thinking about how to junk a car? Don’t let your old car rust in your yard. We also purchase used auto parts. Bookmark our blog and contact us for smarter deals.

Leave a Comment

Your email address will not be published. Required fields are marked *