Fair-Market Prices For Your Totaled Cars
Can you sell a car with a salvage title? Yes — but selling a salvage title car comes with some caveats. Find out what the steps are with WeBuyTotaledCars.
Fair-Market Prices For Your Totaled Cars
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Selling a car without any accident history can be quite the undertaking. It becomes an even more difficult endeavor when that car has been given a “salvage title” by your insurance company.
Before making an expensive purchase, car buyers typically want to know if the vehicle they’re interested in has a “clean” title or not.
Shopping on platforms like Craigslist or Facebook Marketplace doesn’t guarantee a vehicle with a clean title, so it’s imperative that you as a seller take the necessary steps to create a high level of trust between you and the buyer.
Generally speaking, a car is deemed a salvage vehicle when the cost of repair after an accident outweighs the value of the vehicle.
Salvage cars are more often than not sold to scrap yards for their parts and metal. If they are repaired, they are likely to have issues with reliability and may need further repairs in the future.
Collisions, however, aren’t the only way that a car can earn a “salvage” branding.
Theft - A stolen vehicle that is recovered after a lengthy amount of time has passed will be declared a total loss by the insurance company. Afterwards, when authorities recover the vehicle, the DMV will issue a salvage title, with zero regard for the condition the car is in.
Fortunately, your car can be made street-legal again after a retitling. All you have to do is undergo and pass state inspections. Unfortunately, this can be a costly and time consuming process.
Act of God - Cars can suffer damage caused by natural disasters or other weather-related incidents. These can cause a salvage title to be issued by the insurance company and include but are not limited to: hail, floods, earthquakes, smoke, and high winds.
Time - Time is the opponent that never loses against a car, yours included. Age and the deterioration of a car can make it unroadworthy. Rust and corrosion from years of exposure can keep a car from passing any inspection and earn it a salvage title.
Cars with salvage titles aren’t the most attractive set of prospect wheels out there. This can make selling a salvage title car a worrisome endeavor.
However, just because they have these negative connotations does not mean there are no places that readily purchase cars with salvage titles. Options that still exist include:
A relatively easy way to get a salvage car off of your hands is to sell it to a junkyard. Junkyards specialize in purchasing old and/or unwanted vehicles, but the cars require some preparation beforehand.
Getting your paperwork in order is imperative. You’re going to need your vehicle’s Title and Registration in order to sell it to a junkyard.
Some yards may require your vehicle to be operable, but most offer some form of retrieval service.
You’ll need to have a grasp on what portions of your car are damaged and what the value of your vehicle is.
The latter can be found on Kelley Blue Book by comparing your vehicle to similar year, make, and models — but it’s important to remember to look at prices for salvage title cars.
Donating your salvage car to a charity of your choice is an option. If the car is functional and doesn’t suffer from glaring safety issues, then there are a multitude of charitable organizations. Donating your car can not only benefit the community, but also net you a nice tax deduction!
Keep it in mind, though, that most vehicles donated to charity are sold in auctions. Whatever the vehicle is sold for is what determines your tax deduction. That can lead to a much smaller deduction than you first assumed.
Likely more difficult than just selling your salvage car to a junkyard, selling to a private buyer can net you a significant profit for your vehicle.
However, that hinges upon finding an interested buyer who happens to be a hobbyist or collector of your particular make and model.
You may also find someone who just needs a cheap set of wheels to drive around for a short period of time. Explore online platforms like Craigslist and Facebook Marketplace in order to increase your chances of finding a buyer.
If you truly have the time and enjoy hard work, then parting out your salvage car is a viable option for you.
Parting out your car is when you dismantle and sell your car’s parts individually. While it is much more difficult than other options and will take much longer, parting out your vehicle will possibly net more money than the car’s value.
If you don’t want that hassle, you can still sell your salvage vehicle as a parts car. A buyer interested in it as a parts car will purchase the whole thing and part it out themselves.
When you don’t want to go through the hassles of parting out, finding a buyer, choosing a charity, or finding a junkyard for your salvage car, WeBuyTotaledCars is here for you.
Our team of customer service representatives will kick back a quote for your salvage car within 90 seconds.
Should you like what you see, they will connect you with a local service partner that can schedule a retrieval within 24-48 hours.
You won’t even have to leave the comfort of your home and when the tow truck driver arrives, they’ll give you the quoted amount. No haggling whatsoever.
Contact WeBuyTotaledCars today and get your salvage car taken care of!