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Who can pay me good money if I scrap cars for cash?

scrap cars for cash

Do you want to scrap cars for cash? Are you fed up with your old car? Well, you might wonder, how can a junk car lying useless in your garage be of any use?

It’s difficult to imagine that an old car that is only a liability can be of worth to anyone. You would be surprised to know that there are buyers in the market who are willing to pay you top dollar for your junk car.

Even though your car is damaged, it can still get you some money. You can either scrap your car or get it functional and sell it to an individual buyer. Scrapping is easier, but you won’t earn much from the deal.

Individual buyers would provide you with a better price but negotiating with them is time-consuming. Here are all the options you can explore to sell cars for cash:

People passionate about cars

These buyers have a passion for car modification. They buy old cars and get them changed as per their requirement. These buyers can give you top dollar. However, since their number is less, it’s difficult to locate them.

Second-hand buyers

These buyers are in a need of a new car but can’t afford it. They prefer buying an old car at a lower price and then spend some amount on its repair and maintenance. This way, they stay within their allocated budget.

Scrap car buyers

These buyers are in the business of buying old cars only. As such, they are interested in the metal part. They get your car dismantled, remove the metal part and dispose of the rest as scrap. The metal part is then melted and transformed to produce new products.

Car dealers

If you don’t have enough time to spare to scrap cars for cash, then opting for professional car dealers is the best option. These dealers have strong networks in the market and get you in touch with the buyers in no time.

However, they charge some fees for their services and are therefore not the most profitable option.

How to sell cars for cash?

Research the market

Being a first-time seller, you won’t be having much experience. As such, you will first have to get informed about the market. You can visit websites that provide relevant information.

Once you are equipped with basic knowledge, you will find it easier to negotiate with the buyers.

Get an estimate of your car’s value

You can get your car valued for free online. All you will have to do is provide basic information like the make of your car, year of manufacturing and mileage.

You can also get online quotes with this information. Once you know your car’s value, you can set the selling price accordingly.

Put up selling price in advance

Many buyers tend to over negotiate. No matter how much you persuade, they will still try to bring down the price of your car.

As such, you can put the selling price slightly higher than its actual value. This will give you a margin to negotiate.

Contact buyers through online portal

The best way to reach out to a large number of buyers to scrap cars for cash is by going online. Personal visits to local junkyards are no longer effective.

Through online platforms, you can reach distant buyers as well. All you need to do is set up your profile, add some description about your car and upload some good quality pictures.

The interested buyers will contact you with their offers.

Check the credibility of the buyers

Don’t rush into the deal to scrap cars for cash when you receive the offers from the buyers. There is a chance that you end up finalizing a scammer.

You first have to check the identity of the buyers and then sort out the ones who have higher ratings in the market.

For that, you can either scan their website, read online reviews or match their offers with the market prices.

Meet in person with the buyers

Though you can communicate with the buyers through phone or email, meeting in person is still considered the best option.

After an initial discussion, you can set up a meeting with the buyer to finalize the deal. You can also arrange a test drive for the buyers. This way, they will be in a better position to check your car.

Ask the buyers to pay you in cash

Ask the buyer to pay you the amount in cash. It’s the safest option. Sometimes the buyers offer partial payment and promise to give the remaining amount in instalments. Owners, who are usually in a hurry accept such demands.

However, the buyers do not show up once they have taken away your car. To be on the safer side, get the full payment in cash and the time of delivery.

Get your insurance premiums cancelled

Once you are done with the deal, you will have to inform your insurance company and ask them to stop your future premiums. Also, you will have to contact the local department of the motor vehicle and get your registration cancelled.

How to know if a buyer is genuine or not?

Strong goodwill among the clients

The best way to know whether a buyer is professional or not, read the reviews. If a buyer is providing the best offers in the market, then the clients will give higher ratings.

Professional and cordial in communication

If client reviews are not enough, your personal experience will help you a lot. The moment buyers start communicating with you, it’s very easy to determine their credibility.

Most of the professional buyers are clear in their communication. They lay down all the terms and conditions of the sale before-hand. They also professionally address queries from the clients.

Providing complimentary services

Professional buyers not only provide you with the best offers in the market; they also assist you in the process. They help you with documentation work and pick-up of your car from your location.

Working with a license

If a buyer is genuine, then he or she will not hesitate to show the working license. Usually, scammers who operate without legal knowledge do not reveal their identity easily. If you see a buyer not addressing your queries, then do not prolong the conversation with them.