Junk cars are worthless to the average consumer, but junkyards often pay hundreds of dollars to acquire a single, end-of-life automobile — a price that’s based on the number of salable parts the vehicle contains and the fair market value of its scrap metal to auto recyclers.
Selling your junker to a junkyard is a great way to maximize the car’s financial value, but not every junkyard steps up to the plate with a competitive offer, and some junkyards don’t seem to value customer service at all. With this in mind, we look at four signs that indicate you aren’t getting the best deal and should search for a different junkyard that pays cash for junk cars.
1. Buyer Engages in Price Haggling
Because it can change the price of a car by thousands of dollars, price haggling is a common practice among buyers and sellers of new cars. However, the practice is in bad taste, to say the least, when the buyer tries to haggle down the price of a junk vehicle that is worth only a few hundred dollars to begin with. If the buyer tries to haggle down the price of your car, cancel negotiations and search for a different junkyard that offers cash for junk cars.
2. Required to Pay for Towing Services
Because most junk vehicles aren’t operational or are highly unreliable if they do operate, the buyer typically tows them to the junkyard. Because the price of towing services could exceed the price you receive for your car, most junkyards that pay cash for junk cars offer free towing. If a prospective buyer would require you to pay for towing, don’t take the financial hit. You have plenty of options to receive free towing from other junkyards.
3. Buyer Requests Delayed Payment
If you sold your house, would you let the buyer legally own it for awhile before he actually bought the residence? Almost certainly not. The same principle applies to receiving payment for your junk car. When you relinquish ownership of the vehicle to the buyer, you should be paid on the spot and not later. Otherwise, trying to receive payment could become an uphill battle.
4. Initial Quote is far Higher Than Final Offer
Because the final offer for a junk car is based on a first hand inspection of its parts, it isn’t uncommon for the offer to be a bit higher or lower than the initial price quote you receive. What you should look out for is a final offer that is well below the initial quote. While the discrepancy could always be an error on the part of the buyer, it could also be bait-and-switch tactic that’s designed to push you into accepting a lowball offer.
We Offer Cash for Junk Cars
If you’re looking for a reputable, professionally operated junkyard that offers cash for junk cars, you’ve come to the right place. Wrench-A-Part offers some of the best prices for junk cars in the industry. Plus, we never price haggle, require you to pay for towing, or propose delayed payment. To receive a free price quote, please contact one of our Texas locations in Austin, Belton, Holland, or Lubbock. We look forward to making you a great offer!