Have you finally decided to sell broken car for cash? Are you ready to relieve yourself from your never-ending troubles? Well, that’s a piece of great news. You can find multiple options to whom you can sell your junk car for cash. To better answer the common question, “Where can I sell my broken car” we need to look into more details about the possible avenues for sale.
Where to sell my broken car for cash?
Here are few options that you can explore to sell a broken car:
Have you ever heard of offers like “Replace your old car with a new one!”? These offers encourage car owners to sell their old cars and get a brand new one. You need to communicate with the dealership, and they will come to inspect your vehicle. They will provide you a trade-in value that will be deducted from the price of the new car. This value depends on your car’s condition. If it’s still in running condition, then the trade-in-value will be higher! There are certain advantages of trade-in-deals. Firstly, the process is quick and convenient. You don’t have to pay any fees to the dealership. Secondly, you won’t be troubled by frequent calls and messages from the dealership. Thirdly, you will be able to reduce your tax payment on buying a new car.
Do it yourself
This is the traditional way to sell a broken car. You take up the task of market research, buyer’s identification, car valuation, negotiation, and deal closure, all by yourself. The process is time-consuming, but it will help you get the best deal for your car. You don’t have to pay anything to intermediaries. The advantage of DIY selling is that you directly communicate with the buyers. This way, you can mention all the details of your car and negotiate at your desired price.
If you wish to scrap your damaged car, selling it to junkyard shops is the best option. These junkyards are ready to pay irrespective of the condition of your vehicle. They don’t fret much on the documents barring the title. The advantages of trading with junkyard shops are that you receive instant cash on pick-up and free towing.
Scrap Yards are somewhat similar to junkyard shops. However, they differ in that they are only interested in the metal parts of your car. They remove all the remaining parts and put them into the trash. So, if you have a few pieces in working condition, then selling to a scrapyard is not advisable.
You can find cash offers in return for your old cars. These offers are made depending upon the market dynamics and car specifications. Cash offers are easy to avail, and you don’t have to put effort into searching for prospective buyers.
Check out ways to sell broken car for cash on our website here.
What’s the value of a junk car?
Do you want to know how much junkyards pay for cars? For that, you will have to get an idea about how to calculate the value of your vehicle. You will receive multiple offers from the buyers. The prices would vary depending on the buyer and their location. Nevertheless, you can still work out an approximate value for your car.
Current market updates suggest approximately $150 for small cars and $225 for large vehicles. If you have a heavier car or SUV, you can expect to receive around $400 for it. Basically, the value of a junk car depends on its weight. Also, if there are few parts in working condition, you can expect a higher price than usual. One way you can calculate a minimum approximated price is by multiplying the weight of your car with the cost of scrap metal. The equation will look like this
Weight of the car x Price of scrap iron/ton
This is the minimum amount you can expect when you sell a broken car. If there are reusable parts, then the price will increase considerably.
Learn about the best places to sell broken car for cash in our blog “Best Place to sell junk car”.
Is it better to fix a car before selling it?
Investing a tiny amount in your car repairs can significantly increase its price. If your car is dirty and the parts are not working correctly, it makes a poor impression. Few buyers would be interested in driving your vehicle to ensure that its features are in working condition. Once they are convinced, only then will they be willing to put their money into it. Getting basic repairs done before you contact the buyer will make life easier for you during the negotiation.
Steps other than basic repairs
Buying a car involves both rational as well as emotional decision-making. There are few things that you can consider taking care of that will add a pleasing effect on the look of your car. Though it won’t increase its value, it will still make a difference in the actual price. Let’s take a look at some of these steps:
Any buyer will be pleased to find that the oil is fresh and that you are considerate in maintaining your car. This would mean that you are protective of your car, and it will indicate its better condition.
Cleaning the interior
You can carry out this job on your own. Simply pick up a dusting cloth and rub the interiors, including dashboard, central console, seat covers, etc. Also, put a car freshener to remove any foul smell.
Inspection tags show that your car is roadworthy and will leave a good impression on the buyers. If you have recently installed an inspection tag, then there is a high chance that you can get a profitable deal!
Removing your personal items
Remember, once you hand over your car to the buyer, there is no surety of returning anything you left in your vehicle. It may be important documents or other personal items. As a rule of thumb, check all the places in your car, including the center console, dashboard, glove compartment, back of the seat cover, etc., before handing over your vehicle to the buyer.