Because their condition varies significantly, junk cars are often harder to price than standard used automobiles. Unlike a used vehicle, whose fair market value is based on mileage and the original price of the vehicle model, the value of a junk car is based on the salability of its parts and scrap metal. The kind of junkyard you sell to also determines the value of the vehicle.
Getting the Best Deal
If you plan on selling your car for cash in Austin to a junkyard, there are some measures you can take to ensure that you get the best deal. If you junk car is like most others, it is worth hundreds of dollars to a salvage lot. Observing the tips below will help to ensure that you receive a fair price — maybe even enough cash to use as a down payment on a new automobile.
Don’t Sell a Used Vehicle as a Junker
If your vehicle is still drivable, sell it to a junkyard that purchases used vehicles. If the vehicle is still useful as a mode of transportation, you should receive more money for it than you would if it were a junker. Before selling a used car, check its fair market value in the Kelley Blue Book, a respected auto industry price guide that establishes the value for new and used vehicles.
Choose a Lot that Offers Free Towing
When selling your car for cash in Austin to a junkyard, you need to receive free towing services in order to get the best deal. Because the price for your vehicle will likely be close to the price for towing services, paying for towing would essentially negate the value of selling the vehicle. Most salvage lots that buy junkers offer free towing services when purchasing an automobile.
Receive More Than One Offer
When a junker is badly wrecked or has a major mechanical problem, one of the best ways to assess its true value is to receive multiple offers from different salvage lots. More often than not, the offers will be in the same ballpark, but you may find a buyer that needs your vehicle more than other buyers, and is willing to offer significantly more money to acquire it.
Avoid Price Haggling
Because a junker has limited value, you probably won’t be able to price haggle to receive a better deal than the initial offer. By the same token, because the vehicle is likely to be worth hundreds of dollars, the buyer should not try to haggle the price lower. The best option is to choose a junkyard that pays a vehicle’s fair market value and has a no haggle policy.
If you plan on selling your car for cash in Austin, let Wrench-A-Part make you an offer. We consistently offer higher prices than the competition and provide free towing services to our customers. For more information about our services and inventory, call our location in Austin today at (887) 886-5739, or click here to use our contact form.