If you have a junk car sitting in your garage or driveway, you may as well sell the vehicle to a salvage yard and free up some space. If you have never done business with a junkyard that offers cash for junk cars, you may be wondering what to expect when you sell your vehicle. If so, the answers below should help.
Do junk yards buy all types of vehicles?
There is not a certain type of vehicle that junk yards do not buy, but they tend to be most interested in automobiles whose parts are in high demand. For example, it would probably be easier to sell a 2005 Honda to a salvage yard that offers cash for cars than it would be to sell a 1985 Honda.
What determines the sale price of a junk vehicle?
The sale price of a vehicle is determined by four basic factors: the make and model of the vehicle, its condition, whether there is a high demand for its parts, and whether the yard already has the automobile in stock. Keep in mind that your vehicle may be more valuable to some junk yards than others.
What types of vehicles are the most valuable to salvage yards?
Salvage yards tend to be most interested in vehicles that have a reputation for reliability and popular vehicles of any kind. The former are valuable because drivers junk car buyers are interested in using their parts to keep the same model of vehicle running for a long period of time. The latter are desirable because their parts are typically in high demand.
Will the junkyard pick up my vehicle?
Most junk yards that offer cash for cars will pick up your vehicle for free, as it is in their financial interest to do so. If a salvage lot that pays cash for junk cars says that it must subtract a towing fee from the price of the vehicle, you should find another buyer that will tow the car for free.
How quickly will I be paid for my junk?
A salvage lot that offers to buy your junk will pay you for it after it assess the value of the vehicle. This is usually done on the spot. If a salvage lot says that payment will be delayed for any reason, you should sell the automobile to a different junkyard.
What if I don’t have a title for the vehicle?
If you don’t have a title for the vehicle, you will need one of the following documents to sell the automobile: an auction sales receipt, a mechanic’s lien, a salvage lot lien, or a repossession affidavit. A salvage lot can provide you with information on how to acquire these documents.
Conclusion
Even when they are no longer worth repairing and driving, used vehicles often valuable to salvage yards that pays cash for junk cars. If you have a used vehicle that you no longer drive, selling it to a junkyard that offers cash for cars may yield more money than you anticipate.