How to Get the Most Cash for Junk Cars

If an old clunker is sitting idle in your garage or driveway, you’d probably like to get rid of it soon.

But don’t be in a rush to sell the vehicle. Although it may look like it belongs in a demolition derby, chances are that its panels and engine parts are worth something. Before you dispose of the car, consider your options carefully, and choose the one that will pay you the most money. If you need help determining the best option, the tips below should help.

Sell To an Individual

Most private buyers want automobiles that run. If your vehicle is down for the count, your chances of selling it to an individual are slim — unless, of course, the car is a classic. In that case, the body alone may be valuable. If your clunker is just a regular automobile, though, selling it to a dealership, or a salvage yard that pays cash for junk cars, is a better option.

Sell to an Auto Dealership

Auto dealerships are interested in buying used vehicles. After all, research shows that many dealers make a better profit from selling pre-owned models than new ones. For an automobile to be valuable to a dealer, it needs to be in reasonably good condition. Dealers don’t mind replacing tires or a few bad engine parts, but they want to invest as little money as possible to make a vehicle salable. Consequently, they usually don’t offer cash for junk cars.

Sell to a Salvage Yard

A salvage yard that has a, “Cash for cars” program is the best place to sell a vehicle that is out of commission. Salvage yards that offer cash for junk cars sell usable parts from vehicles that are wrecked, broken, or have a problem that makes them un-drivable. In addition to typically paying the seller hundreds of dollars for a clunker, a salvage yard commonly offers to tow the vehicle for free.

Conclusion

If you have an old clunker that is considered a classic, or needs a few fixes to be in good condition, you may get the most money from selling it to an individual or auto dealership, respectively. However, if the auto isn’t a classic, and would require costly repairs to run again, selling it to a salvage yard that has a, “Cash for cars” program is the best option. To learn how much your clunker is worth, call a salvage lot that offers cash for cars today.

Can I Sell a Junk Car Without a Title?

Car titles are important because they are the legal documents that prove ownership of a vehicle. Titles are also used for RVs, boats, watercrafts, motorcycles, and other major motorized commodities. Some states use the term, “pink slips” for car titles, which are not the same thing as the document a person receives when they are let go from employment. Anytime a person buys a car, whether new or used, they will receive the car title from their state’s Department of Motor Vehicles (DMV). If a person chooses to sell their vehicle, they would transfer the title over to the new owner.

So what happens if you lose the title? What if you never receive a title? Continue reading to learn your options for selling a car without a title.

No Title? No Problem.

Sometimes car titles get lost or even stolen, and other times they are never transferred over to the new owner. Regardless of why your title is missing, there are still ways to sell your car without it. Although having a car title can make the process easier, selling a vehicle without a title only requires a few extra steps.

Here’s what you can do:

You can declare your car title lost or stolen. All states have a procedure in place for car owners to apply for a duplicate title if it is lost or stolen. Learn your state’s process at your local BMV.

Some states have a process in place for car owners who wish to sell their vehicle to a private party. Learn if your state has these procedures at your local drivers’ license branch.

If you have a junk car that you want to sell to a salvage yard, check to see if they will do business without a title. Some companies will purchase junk cars without a title if alternative documentation can be presented to show proof of ownership.

How to Sell a Vehicle to a Junk Car Buyer:

1. Call the company and ask them about their junk car selling process. Ask them if they will do business without a car title.

2. If they buy vehicles without titles, ask them which documentation is an acceptable proof of ownership.

3. Locate any alternative documents that can prove you own the vehicle you wish to sell, such as your registration and drivers’ license.

4. Follow the steps given to you by the junk car buying company to complete the process and receive your cash.

Better Options for Junk Car Owners

There are several advantages of owning a junk car that many people have never considered. To most, junk vehicles are garbage that no one wants to deal with or buy. Instead, a junk car can actually be a great treasure! One of the greatest opportunities for junk car owners is be able to discover different ways on how to discard or get rid of a junk car in their garage or driveway.

For example, there are various constituents in vehicles that can be recycled and reused in countless ways. This option is the most recommended; however, there are many other fun ways to reuse a scrap vehicle. Continue reading to learn a few ideas, tips, and fun ways to put a junk car to good use once and for all!

Selling Junk Cars for Cash

One of the most obvious reasons people want to get rid of a junk car is for convenience; however, a more common reason is for sheer profitability. A person can sell a junk vehicle for cash, or disassemble the parts and sell them piece by piece for a higher profit. There are so many salvageable parts on a scrap car, that a person can sell these parts for cash and make more money than selling the car as a whole.

There are several options when it comes to selling a junk car for cash. Depending on the status and conditional state of the vehicle, the cash value with always vary. The better condition the car is in, the more money it is worth. Also, if a car still retains the valuable components, such as a catalytic converter and engine, then it is worth even more.

The best place to start if you wish to sell a junk car for cash is a scrap metal yard. Scrap metal companies buy junk vehicles and break them down into more valuable parts. They retain the appropriate equipment, machinery, and tools to quickly disassemble a car and recycle the metal that is inside.

You can make more money at these scrap yards if you take apart the junk vehicle yourself, then sell each individual component for cash. The reason you will get less money for a whole junk car is that the company has to use time and effort to strip down a vehicle themselves.

Scrap metal yards will certainly give you a higher cash return for your junk vehicle than a regular person who’s found your ad in the paper. Scrap metal companies know and understand the worth of certain metals with automobiles and retain the finances to purchase large inventories of scrap vehicles for recycling purposes.

They also make the process easier for the client because they generally offer pickup and towing services for free. This way you do not even have to leave your house to sell a junk car to a scrap metal recycling company.

Before selling your old vehicle to one of these businesses, it is recommended to become familiar with the types of valuable metals found within your car so that you are more aware of the potential cash return you are entitled to receive.

Types of Recyclable Metals Found in Vehicles

There are two types of metals, ferrous and nonferrous. Ferrous metals are not as valuable as nonferrous metals, but are still high in demand and can be recycled and reused in various ways. It is still a very beneficial metal in the world. Ferrous metal is any alloy that contains iron. This includes cast iron, stainless steel, carbon steel, wrought iron, and other steel and iron alloys.

Nonferrous metals are higher in value and include alloys such as aluminum, copper, brass, silver, lead, and more. The best way to determine whether or not a metal is ferrous or nonferrous is by using a magnet. If the magnet sticks to the metal, then it is ferrous. If it does not stick, it is either nonferrous metal or not metal at all.

Precious metals are even more valuable; such as platinum, bismuth, zirconium, cobalt, and gold. Some of these precious and nonferrous metals can be found in junk automobiles. Cars have many parts within them that contain valuable nonferrous metals. For example, a catalytic converter is made of platinum, a very precious nonferrous metal. If a junk car still retains this part, it can be worth a lot more money. Also, copper radiators are a valuable item. Contact a local junk car buyer for current market values for metal and automotive parts.

Additional Uses

One great option is to simply keep your old car in case you need to replace a worn-out part in your current vehicle. Using old car parts as spare or backup parts is a great way to save money and be resourceful at the same time! Buying new car parts can be costly and time consuming. Using a spare part saves cash so long as you can find a person to install it for a fair price. This is a great way to put your old car to use while saving money too.

Another option for old junk vehicles is to use them for art or other fun commodities. Many artistic people like to take regular items and turn them into fun and useful things. For example, old car parts can be constructed to form beautiful modern and creative art, or even refurbished into household items like towel racks and mantles.

Overall, junk cars have many uses and should never be shrugged off as a waste of space or trash. Recycling, earning money, creative art, and more are just the beginning of what a junk car can do for you and others! If you own a junk vehicle, consider some of these ideas and spread the word so everyone can make a little cash and contribute to the environment at the same time!