|
|
How to Sell Junk Cars
Wednesday, January 28, 2009
InstructionsStep 1: Determine the car's value. Use a car valuation guide--such as the Kelley Blue Book or the NADA Guide--to determine how much money your car is worth. You can access both of these sources online (see Resources) to figure out how much you should ask for the starting price. Make this choice based on the car's year, make, model, trim, interior condition, exterior condition, options, and mechanical integrity. If your car is over 20 years old, you may need to purchase a print version of these sources; the databases may not list your car's make and model.Step 2: Advertise locally. Once you have a rough estimate of how much your car is worth, you should first advertise locally. Post ads in your local newspaper, community boards and Websites such as Craigslist and Auto Trader. Car enthusiasts in your area may be interested in purchasing your specific make and model---especially if it is a popular classic such as a Caprice, Mustang or Monte Carlo---regardless of the repairs it may need. When meeting with potential buyers, have a copy of the title handy. Reputable car enthusiasts will require that you provide proof of ownership before purchasing your junk car.Step 3: Contact junkyards and car salvage companies. This is another special group of buyers interested in purchasing junk cars. Reputable car salvage companies and junkyards will first require that you provide proof of ownership and will want to inspect the car. They typically offer around $200 for a junk car that is in a drivable condition, and they will always offer to tow your car from its current location to their place of business.Step 4: Auction the car on eBay. If you have no luck with local advertisement and are unsatisfied with the offers junkyards and car salvage companies have offered you for your junk car, consider auctioning it on eBay. This will allow you to reach a larger number of car enthusiasts, though you may have more difficulty in making arrangements for delivery of the vehicle. You should spend some time learning about how to sell cars on eBay before auctioning your car there.Step 5: Sell the parts. If your junk car is not drivable or is otherwise in very poor condition, you may make more money from selling the parts than selling the car itself. You can sell your used car parts--such as tires, transmission, mirrors, and engine--through all of the outlets described above, especially eBay. You should learn to remove these parts yourself or ask a knowledgeable friend to help you do this. Do not allow buyers to remove the parts from your car, especially if you are not familiar enough to know whether the buyer is removing the proper parts.
Tips & Warnings- To save money, contact your automobile insurance provider to have your car classified as a junk car so that it may be removed from your insurance coverage.If you are unable to find a buyer for your junk car or its parts, consider donating your car to a reputable charity or nonprofit organization. You can then treat the donation as a tax deduction.
Photo/Video CreditPhoto courtesy: Quanna
Related Content
North Carolina has some good junkyards and junk removal companies that offer decent prices and supply free towing services. Many companies require a limited amount of paperwork and give tax...
Selling a junk car in Minnesota is easy, even if you live in one of the smaller towns and not a larger city like Minneapolis. There are many people hoping to grab an older car for their teenager or...
A junk car is any vehicle that is worth more for its parts than it is as an entire vehicle. In other words, you can sell the parts for more than you could the car itself. Those living in Ohio will...
Car owners, at times, have too many cars to deal with or realize their cars are in such a condition that they cannot be sold. When this happens, one of the most popular options is to sell your car...
A junk car is a vehicle that has been damaged beyond 75% of market value. It could be the result of an accident, flood, fire or vandalism. If you live in the state of Maryland, there are a few...
|
- Relationship advice
- Brain teasers, trivia & jokes
- Random questions
- And much more!
go