How to Market Your Junk Car

That inoperable vehicle you have in your backyard next to your garage or shed is a cash for junk cars real eyesore. Your wife wants you to get rid of its and your neighbors have been hinting at the same. Still, you see a possible future restoration project in your old jalopy, but that job is months if not years away from happening.

It is time for reality check: unless you begin to do something about your junk car now, you’ll never get this job going. Instead, why not sell your car and make some money? That’s right, even junk cars can fetch some cash, money that can come in handy elsewhere.

Let’s take a look at how you can dispose of your favorite eyesore:

1. Search for local auto salvage yards. The Internet is a great place to find junk yards in your area. Enter “auto salvage yards” followed by the name of your city or town and check the results. If you’re using Google, you’ll also see a map returned that will pinpoint the exact locations of nearby yards. Pick up the phone and call each yard and explain what you own and what is wrong with your car. You may be asked about recent repairs and stand out features such as a customized grille, newer wheels and what type of audio system is present.

2. Get prices and related information. Find a junk yard with a towing service and ask what they are willing to pay for your car. Go with the best offer.

3. Arrange for a deal. Make an appointment for the salvage yard to pick up your car. If your car is still driveable, you may be able to make more money on the deal by taking it to the yard yourself.

4. Close the deal. Accept cash or a check for your car and sign over the title to the auto salvage yard. You may be required to sign other documentation as per the yard’s requirements and state law. Obtain a receipt for the deal.

5. Remove the license plates and return these to the DMV. Your personal items should be removed from the car as well.

Important Considerations

Once the transaction has been completed, cancel any insurance that you may still have on your junk car. If the offers for your vehicle are too low, consider donating your car to a charity instead. Charities recognized by the IRS will remove your vehicle and issue to you a receipt for the value of your car. If you itemize your taxes, you can deduct the car’s value.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts