Should I sell my junk car for cash? – It’s a thought that many people have, but most aren’t sure how to proceed. Selling your old vehicle can involve many complexities like comparing dealers, keeping the details about your car ready, doing the paperwork, and so on. However, it isn’t as hard as you think. If you’re looking to finally go through with the plan, here are six primary steps you have to follow.
Find a licensed salvage dealer
Looking for a reliable and licensed dealer is the first answer to your question, “How to sell my junk car for cash?” It includes choosing someone who’s fair with their customers and services. You don’t want to do business with a person who’s flaky and can’t offer you the best deal. A licensed dealer will have good knowledge of the types of cars and their costs. If unsure, create a list of dealers with the help of reviews from other people and online reviews and see what their experience has been.
Keep all vehicle information handy
Irrespective of whether you call the dealer to your place to check the vehicle or drive there yourself, ensure you have the details ready. This includes information like the make, model, title, year, mileage, and the vehicle’s condition (both interior and exterior). Doing so will make it easier for you to get the best quote, and the process will become streamlined.
Get a quote
If the junk car you’re trying to sell for cash no longer runs, you might still be able to grab a great deal. If not for the vehicle as a whole, the parts might be worth something. For instance, you can sell the car to steal shredders based on its weight. Another critical factor is the presence of all parts – the more parts your car has intact, the more money you can make. Some junk car buying websites have a tool to estimate how much you can earn by selling your junk car for cash. You can use them to get the best quote for your vehicle.
Complete the paperwork
When you’re doing the paperwork to sell your junk car for cash, check if you’ve completed the legal formalities. Some states require authorization to scrap or salvage certain parts. In that case, if you go ahead with the deal sans the paperwork, you might end up in trouble. Keep the documents safe, and don’t forget to set a pickup time with your dealer.
Be wary of renegotiation
If you’re selling your junk car for cash to a reputable dealer, rest assured that they’ll pay you the price you agreed upon initially. The dealers you should be wary of are the ones that try to renegotiate and cut down the deal you have in place. And most of the time, they do so at the time of pick up where you’re ready to let it go already. If you want, you can ask your dealer if they can pay you in cash or check.
Notify the DMV and the insurance company
Notifying the DMV and insurance agency of the name transfer is important. You can do so by visiting their respective websites or going to the offices personally. Don’t forget to take your license plate off the old car and transfer it to the new one. You don’t want to be held accountable for the old junk years later.