Fair-Market Prices For Your Totaled Cars
You’re tired of seeing that hunk of junk sitting on your lawn every morning when that space is taken up by that sports car you’ve had your eye on. As a result, you’re looking into your options for getting rid of your old junk car.
Fair-Market Prices For Your Totaled Cars
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Fortunately, it’s totally possible to get paid for a damaged, run-down vehicle. You can choose the traditional route of selling it to a junkyard or dealership or go for modern methods. Either way, there is a buyer out there for your junk vehicle.
Keep reading below to find out how you can sell your junk car, how much you could potentially earn, and discover an easier way to complete the whole process.
If you’ve ever tried to sell a car, you’ll know that potential buyers will offer various amounts for your vehicle. Although your car will have a certain value based on its year, make, and model, not everyone agrees that it’s actually worth that amount.
Factors like the condition, damages, outdated electronics, or missing parts will reduce the value of your vehicle, even if it is a new car. In addition, the more damage your car has, the lower its value will be.
Those are just the basics to consider when you’re thinking about how much you could get for your junk car if you sell it. You must also be aware that different buyers will place different values onto your vehicle or will use different criteria to evaluate it.
For instance, a private buyer might consider the Kelley Blue Book value of your car but then reduce it by a random amount depending on the damage. If you’re lucky, you could find a private buyer who will overestimate the value of your car. However, you shouldn’t hold your breath.
Conversely, a junkyard will use a specific method for determining the value of your car. In most cases, they will weigh your automobile to come up with an estimate. The weight of your car in tons will be combined with the current demand for metal. That will result in your final estimate. While this makes the offer more predictable, it leaves so many factors that could increase the price of your car.
Although you might not be a junk car buyer, there are many people and businesses that are.
Junk and salvage yards are the most common junk car buyers. They are not very picky when it comes to purchasing dilapidated, totaled, and damaged objects. They will either resell the usable components or crush and recycle the whole unit. To them, junk cars can be big money-makers.
Another potential buyer is a car dealership. While you might not see any totaled vehicles being sold at used car dealerships, you can still bet they have been purchased and spruced up. However, the dealer will likely offer an extremely low price for your car.
You can also look to the internet to find a buyer. There are tons of car enthusiasts and hobbyists who enjoy purchasing broken cars and fixing them up whether they’re running or not. You are likely to find several potential buyers. However, you will likely need to meet up, haggle, and tow your car around many times before finding the right buyer.
Many people assume that they need to fix up their damaged car before trying to sell it. While doing so might make it easier to get your car sold, it will likely hurt you financially.
That is because costly repairs usually don’t provide an equivalent return when it comes to value. As an example, replacing an engine can cost anywhere between $3,000 and $10,000 depending on the car, cost of labor, and whether the engine is brand new or rebuilt.
With this new engine, your run-down car will be running again making it more desirable for buyers. However, this new engine will not increase the value of your car by thousands of dollars. At the most, it will bring the worth of your car closer to its KBB value. As a result, you’ll still be in the negative even if you sell the car.
However, smaller repairs may be worth it depending on your financial situation. For instance, fixing small scratches or dents can make a huge difference in appearance without burning a huge hole in your pocket.
There’s a better way to get rid of your totaled vehicle and make money off it. The answer is WeBuyTotaledCars.com. Unlike junkyards, dealerships, or private buyers, we offer guaranteed, fair-market quotes that are hard to beat.
We are able to do this through our unique pricing calculator that analyzes dozens of data points outside of the typical make, model, and year factors. We also consider the current demand for your vehicle as well as any premium features that you might have.
Not only will we give you a great quote for your junk car, but we will pick it up as well at no cost to you. After accepting our offer, you can schedule for your vehicle to be towed away in 24 to 48 hours. The driver will deliver your check and all you need to do is pass over your keys and title.
Our process is simple, easy, and fast. You can do it all from the comfort of your home. Find out how much your junk car is worth today!