Are you looking to get rid of an old car that’s been sitting around for years? If so, then you’ve come to the right place.
As you know, scrap cars are often deemed worthless so getting any amount of money for them can seem like a win. But if you can increase the amount you can get, then it’s even better.
Read on to learn all you need to know about selling your scrap car for cash. We will cover everything from finding a reputable buyer to getting the best price possible, no matter what issues your vehicle has.
How To Find a Reputable Scrap Car Buyer
You may have experience in selling used cars that are in good working condition, but selling a scrap car is a little bit different.
For starters, there is no point in advertising privately like you normally would as no normal person wants to purchase a vehicle that has issues. Instead, you need to find a company that specifically purchases scrap cars.
How do you find such a company? You can first try to ask for recommendations from friends or family members who have recently sold a junk car. Or you can do your own research online.
As you are creating a shortlist, make sure to look for reviews about each company, as well as information about their history and track record.
What you are trying to do is find a reputable and reliable buyer like us at Buying Any Cars.
Once you have narrowed it down to a few choices, start calling or emailing each company to find out what price they are offering for your vehicle and when they can collect it. Just make sure that they know where you are located and are willing to travel to your area.
Factors That Affect How Much Your Car Is Worth
When it comes to selling a scrap car, some of the factors that will affect its value are listed below.
Make And Model Of Your Vehicle
Certain makes and models can be more valuable than others. This is due to their popularity or high demand on the market.
Also, take note that if your vehicle is so old that it has become rare that can cause the value to increase significantly. Collectors are always searching for spare parts from rare cars to complete their restorations and will pay top dollar for these vehicles.
Age Of The Car
The age of your vehicle will also play a significant role in its value. Generally speaking, newer cars will fetch higher prices than older models as their resale value is higher.
The condition of your car is another determining factor. A vehicle that’s been well-maintained and runs well is more likely to earn you more money than one that is not running, is our of registration or has been neglected from routine servicing.
Where you are located will also have an impact on the value of your vehicle. This is all based on vehicle demand and prices in your local area.
Current Price Of Scrap Metal
When cars are being scrapped, the buyer is usually only interested in the value of the scrap metal that can be salvaged from it.
As the current price of scrap metal is determined by the global market, this price can fluctuate over time. Therefore, depending on how much scrap metal is currently in demand can either increase or decrease your car’s value.
How to Get the Best Price Possible
As mentioned, selling a scrap car is not the same as when you are selling a working vehicle. For scrap cars, you don’t have to waste time cleaning and detailing the car, or taking attractive photos to show all the unique features of your junk car.
Instead, you will be selling the vehicle as is. So how do you increase the amount you can get for it? You can do the following:
- Get quotes from multiple buyers so you can compare offers.
- Don’t be afraid to negotiate with potential buyers. Just make sure they understand the condition of your car and what parts may need to be replaced or repaired before they purchase it.
- Be patient and don’t rush into a deal. Make sure any offer you accept is one that works in your favour, such as a pick-up time that fits into your schedule.
Preparing The Required Paperwork
When you sell a scrap car to an auto dealer like us, the car can have defects, safety issues or be unregistered. As we will be scrapping the car you don’t have to worry about paying for repairs to get the car into a safe and road-legal condition.
All you need to have ready is the current or most recent registration documents and enough forms of ID to prove ownership. We will take care of the rest.
Preparing Your Car for Sale
Before you can sell your scrap car, you need to make sure that it is ready to be collected.
Make sure to remove any personal belongings from the vehicle. This includes grabbing your Linkt or another E-Toll tag from your car. Also, don’t forget to check the CD player for any CDs, glove box and boot for any hidden valuables.
Finally, if you have some modifications that you want to remove before your car is scrapped, make sure to do so before the collection team arrives. This may include roof racks, mag wheels or other easily removable items.
Of course, just make sure that the buyer knows you will be removing these items and this has been agreed upon when confirming the sale price.
Closing The Deal and Collecting Payment
Once you have agreed to a sale price and collection time, just make sure to collect payment and complete the registration transfer paperwork before handing over possession to the buyer.
If you are having the vehicle collected from another location, just make sure that it is ready prior to collection. This includes being able to provide any documentation or forms of identification for proof of ownership.
You also want to make sure you have the full details of the buyer including their license numbers if you are selling to an auto dealer. You may also grab a sale receipt as further proof of the transaction