A scrap car that has been sitting in your yard for years on end isn’t only unsightly, but the longer the car sits there waiting to be disposed of, the more its overall value will depreciate. Fortunately, you’ll usually be able to make money selling your scrap car regardless of its overall condition, but there are a few things you can do to ensure you receive maximum value when getting cash for cars. Here are some tips for getting the best price for your scrap car.
Don’t Delay
While scrap yards and other businesses that trade cash for cars will usually buy your scrap car regardless of its condition, the more corroded and worn down the parts and metals are, the less valuable they’ll be. There are many reasons car owners choose to delay scrapping their vehicle, such as sentimentality. Perhaps a project car has been put on the backburner, or maybe the car is still in a reasonable enough condition to act as a backup vehicle. In most cases though, it’s much better to let go of your attachment to the vehicle and have it scrapped, as it will simply continue to depreciate in value over time.
Get Quotes from Multiple Scrap Yards
When it comes to trading cash for cars, the easiest way to gauge if you’re getting the fairest price on your scrap car is to get quotes from multiple scrap yards and vehicle recyclers. Unfortunately, some scrap yards will attempt to take advantage by severely underquoting the true trade-in value of your scrap vehicle. Getting quotes from multiple scrap yards is an easy way to avoid this whilst also giving you more options to choose from.
Choose the Right Time
Prices for scrap vehicles can fluctuate depending on market demand. Another way to guarantee you’ll get the best price for your scrap car is to track its perceived market value and choose a time where the value is at its highest to sell. Scrap price updates and charts can be found online. Simply search for your vehicle model and year followed by the keywords “scrap” and “value” to view the latest scrap price results.
Find a Yard that Offers Removal
Finding a suitable vehicle to tow your scrap car can be a hassle, and in most cases, an unnecessary expense. On top of finding a truck or towing vehicle that’s capable of moving your scrap vehicle, you’ll also need to ensure you’re a competent enough driver to actually get the scrap vehicle to your chosen scrap yard safely. The easiest way around this burden is to find a scrap yard or car recycler that offers removal services. Fortunately, most scrap yards offering cash for cars usually provide free removal services.
Get a Refund on Your Vehicle Registration
This is often overlooked by most scrap vehicle owners, but if your scrap car is still registered at the time of it being recycled, you may be eligible for a registration refund. This is important to look into, as the loss of this money will eat into the profits of anything you gain from actually scrapping the vehicle. Check with the regulatory body of vehicle registration and licensing in your state to see if your scrap car is eligible for a registration refund.
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