Selling A Junk Car For Cash
If you have an old junk car sitting around, you might think that it is worthless. You may have even been hesitant to do anything with it because you thought it would cost you money to have it hauled off. However, that is simply not true! That old car is worth some money, and there are buyers out there who will put cash in your pocket and haul it away for free. Keep reading to learn how you can get some extra money for your old clunker and free up space in your driveway at the same time.
How Much Is A Junk Car Worth?
The value of a junk car depends on a few factors. The first thing that affects the value of a junk car is the car’s condition. You may be thinking that a junk car is a junk car, but that is not always the case. Does the car run and drive at all? Does it have any usable parts left on it? Or is it wrecked beyond repair and is simply a heap of scrap metal?
Junk cars that still have desirable and usable parts are worth the most. These parts can be removed and sold to people who need them, and the parts can sometimes fetch over $100 each depending on the car. If your car has no usable parts left, then you might be stuck with simply scrapping or recycling your vehicle. While this might mean the least amount of money in your pocket, you can still get a few hundred dollars even for a totally scrap car. These prices depend on scrap metal prices and the volume of scrap currently in the market, but the sheer amount of steel, aluminum, and copper in your old vehicle is worth some money.
How To Sell A Junk Car
There are several ways to sell a junk car, although some are better than others. The first option is much like selling a used car. You can create an ad somewhere like Craigslist or eBay. You should be aware though that selling used cars on these sites can be difficult, and getting cash for an old clunker from a private party buyer is even harder. The average buyer is not interested in a junk car that likely does not even run.
If you are looking to get the most money for your junk car, then consider parting it out yourself. You can remove the valuable parts and find buyers for each of them to maximize the amount of cash you get. However, this process can be time consuming and you need some mechanical knowledge to do this. If you cannot remove parts yourself, then you could sell your vehicle to an auto salvage facility that will turn around and sell the parts. Just know that they will likely only offer you 30-50% of the value of the parts on the car because they need to make a profit as well. But, this could still be more than a scrap price if the parts on your car are valuable enough.
The next option is to visit your local junkyard. These facilities will usually buy your car for recycling purposes. The drawback is that you might have to pay for towing to get your car down to their location if the car does not run. Since you are likely to only get a couple hundred dollars, then your towing fee might take up almost all the money you would make from the sale.
Lastly, one of the easiest ways to get rid of a junk car is to contact a junk car buying service. These companies make selling an old car anywhere in the country a breeze. They will make you a guaranteed cash offer based on the details and condition of your vehicle, and they will come and pick it up for free. Selling your car in this manner usually results in the least amount of hassle on your part.
Conclusion
Just because your car is junk does not mean that it is worthless. If you know the proper way to sell that old clunker, you can still put some cash in your pocket and get that eyesore off your property. You should assess your car’s condition to decide the best route for selling so that you get the most money possible. With a little bit of research and work on your part, you could have a few hundred extra dollars in your pocket within a few days!
