What is a Junk Car?

If your car was just involved in a serious collision or accident, you may be asking yourself, “what now?” Well, your first step is to contact your automotive insurance carrier to review the details of your particular policy. From there, an adjuster will determine whether or not your vehicle is a “total loss”, which is a fancy surety term for a junk car. If you do not have car insurance, you can still get rid of your car, and even make some money at the same time.

Continue reading to learn how an insurance company defines a junk car, and what your options are for selling on, whether insured or not, here in Louisville.

Louisville Junk Car Buyers 502-804-5605
Louisville Junk Car Buyers 502-804-5605

Total Loss Vehicles

It’s actually pretty simple. Total loss vehicles are simply cars that are too far damaged to be worth repairing. The more technical definition is, “a vehicle that costs more to repair than the actual cash worth before the damage.” So, to explain in plain language, if your vehicle is worth $4,000 before the accident, but then costs $5,500 to repair it back to the condition it was in before the accident, it would be deemed “totaled.” There are some cases in which this does not apply, such as brand new Luxury vehicles with values much higher than average or older cars.

Here is Another Example:

If your car is worth $7,000 but the cost to repair it back to the condition it was in before the damage exceeds that amount, your vehicle would be deemed a total loss because it would not be worth repairing it for that amount of money. Instead, it would make more sense to simply cash in the insurance money under your policy terms, and purchase a new vehicle.

No Insurance?

If you do not have auto insurance, your totaled car can still reap you a nice profit. All you have to do is find a reputable and experienced Louisville junk car buyer that offers cash payments and free haul away. Just be careful choosing a buyer to work with; in the junk car industry, there are thousands of unethical, unprofessional, fly-by-the-night businesses that will rip you off. Always choose a company that has professional grade equipment, technologies, and experience. This shows that they are a trusted junk car buyer that does good business.

Where to Get Started

GC’s Junk Cars Louisville Kentucky
GC’s Junk Cars Louisville Kentucky

Call GC’s Junk Cars at 502-804-5605 if you have a junk car to sell in Louisville and its surrounding areas. Not only do we accept all vehicles, regardless of age, make, model, and condition, we also payout the highest returns for junk vehicles in Kentucky. Just accept our offer and we will come pick up your junk car! No title? No problem! Contact us today to request a free estimate.

How to Sell a Junk Car Without a Title

In our previous blog, we reviewed the easiest and most convenient way to sell a junk car in Louisville. You learned that GC’s Junk Cars lets you skip the hassle of finding a trusted junk car buyer near you, and offers abundant customer conveniences that make the junk car selling process even simpler. Not only do we offer free quotes and the highest returns in town, we also have our own in-house tow truck that will pick up your junk car for free! That means all you have to do is contact our office, accept our offer, and wait for us to arrive. There is no easier way to get fast cash for a junk car in Louisville.

But if you do not have proof of ownership, you may have doubts about selling your junk car. After all, titles go missing or get destroyed every day, so you are not alone. If a missing title has been holding you back from getting rid of your junk car, you will be happy to know that you still have viable options.

Continue reading to learn how to sell a junk car without a title, including accommodating links and resources to help you meet your goal.

Louisville Junk Car Buyers 502-804-5605
Louisville No Title Junk Car Buyers 502-804-5605

Titles are Best, But Not Necessary

Vehicles are certainly worth more with a title because there is a better potential for resale, however, if you are selling to a local Louisville junk car buyer or scrap yard, a title is not always necessary. That is because junk car buyers are not looking to resell your junk car; instead, they are in the business of dismantling junk vehicles, and re-purposing the valuable scrap metal within them.

If you have a title for your junk car, the only purpose it would serve in relation to doing business with a scrap yard is to simply prove ownership. Basically, a car title proves that you have legal permission to do what you want with the vehicle.

To Replace or Not to Replace…

Missing or Faulty Titles

In the case that your car title is lost or destroyed, and you wish to replace it, you can apply for a duplicate title by filling out an “Application for Kentucky Certificate of Title or Registration” at your local BMV. The Bureau of Motor Vehicles (BMV) permits vehicle owners to replace lost, faulty, or stolen car titles so long as they meet all state requirements for replacement. Once issued, your new title will have “DUPLICATE” printed on its face to demonstration that is it not the original document. And once a duplicate title is issued, the original one is no longer valid.

Don’t Want a Replacement Title?

In the case that you do not want to replace your lost or stolen car title, you can just contact your Indianapolis junk car buyer and ask them about their policies for proving ownership. You may be able to prove ownership of your vehicle by alternative means, such as the registration paperwork, insurance policies, and more. Although it is not always a guarantee, it is common practice for junk car buyers to do business without a title provided by the seller.

Where to Get Started

GC’s Junk Cars Louisville Kentucky
Call 502-804-5605 Today

Call GC’s Junk Cars at 502-804-5605 to sell a junk car in Louisville, Kentucky. Whether your vehicle runs or not, we are ready to make you an excellent offer and take it off your hands for free. Plus, we have an in-house tow truck that will come directly to your location to pick up your junk car! Call 502-804-5605 anytime for a free quote!