After the mechanic declares your vehicle unroadworthy, you might decide to junk it at a price. It might fetch a good amount you could use to pay some bills or top-up for another car. Before engaging the old car buyer, you should learn the entire cash for car selling process. Understanding the process might help you avoid anxiety and get the most from the deal. So, here are a few things to expect when disposing of your wrecked vehicle at a junk car yard.
1. Cancel Any Ongoing Insurance Policies
You'll need to contact your insurer after deciding to junk your wrecked car. Ask the insurance company to cancel the policy because you no longer need it. Doing this on time ensures you don't forget and spend money on an unnecessary policy.
2. Find a Reputable Junk Car Dealer
Look for several reputable junk car dealers around your area. You can find them on the internet or ask your friends for recommendations. Check out their reviews before contacting them. Most dealers will ask for basic details such as the model of your vehicle, the type of damage it sustained, and why you are discarding it. Ensure you have the relevant details on standby. The junk car buyer will make you an offer based on your answers.
Be sure to ask who among you is responsible for the towing fees if you reach an agreement. Reputable dealers typically settle the towing charges. However, if the vehicle is still drivable, they might recommend delivering the vehicle to their junkyard.
3. Prepare the Vehicle for Junking
Remove all personal belongings from your vehicle before the dealer arrives to tow the vehicle away. These items might include GPS tracking devices, dashboard cameras, installed music systems, and relevant documents.
4. Seal the Deal
The junk car buyers will inspect your vehicle and provide an offer depending on their actual assessment of the car. It might be a different offer from the one provided via phone. You could try negotiating before settling for a particular figure.
After clarifying all the information, the dealer will pay for the car in cash. You might need to sign some paperwork before the dealer hauls the vehicle to a junkyard. Ensure that the title has been successfully transferred to the buyer to avoid legal issues in the future.
Selling your vehicle to a junk car buyer is usually a straightforward deal. As shown above, the procedure is not confusing. Therefore, you have no reason to watch your vehicle decay into rust and dust in your yard.