Has your junk car been sitting in the garage or driveway for too long? Do you have a rusty tractor or other piece of motorized equipment taking up valuable space in your yard? If so, you are the best candidate for selling a junk car. Because junk cars and similar motorized vehicles contain valuable metals that can be recycled endlessly, they will always retain some degree of monetary worth. How much your junk car or asset is worth, however, depends on a wide scope of factors and variables, including the age, make, model, condition, and buyer you choose.
If you are interested in getting rid of a junk vehicle for the highest profit, you will have the best chance by implementing the following junk car selling tips.
Do Your Scrap Metal Market Research
The best way to put yourself at an advantage prior to selling a junk car is obtaining relevant market knowledge. One of the most impactful factors that influence how much a junk car is worth is the current market demand for scrap metal, namely, the metals found within junk motorized commodities. Such commodities include cars, trucks, SUV’s, vans, trains, buses, RV’s, motor homes, construction equipment, farming equipment, airplanes, boats, and anything else that uses a motor.
Both global and national demand will set the current market price for scrap metal, which fluctuates on a daily basis. Along with the current price of metal on the market, other factors, such as metal demand, import/export trade tariffs, the strength of the U.S. dollar, the strength of the Canadian dollar, and business overhead costs, all affect how much you can get for a junk car. The more metal in a car, the more it is worth. Likewise, the more valuable the metals in a vehicle, the more cash a seller can earn.
Talk to Multiple Junk Car Companies
There are literally hundreds of so-called “junk car buyers” in your area. In order to separate the fly-by-the-night businesses and scammers, you need to take your time to locate reputable, well-established companies that have been around for awhile and have a good reputation. Once you have found a list of potential junk car buyers, contact each one and request free information, including an over-the-phone rough estimate for your asset.
Keep a record of what each company has to offer in terms of customer convenience and amenities, as well as, their offer. Some companies are well-established enough to have your junk car evaluated on-site using innovative technologies that can precisely pinpoint the quantity of scrap metal in your vehicle. You may have to pay to have your car towed to their complex for an on-site evaluation, but the cost can easily be made up for with the extra money you earn with a comprehensive assessment.
Have Your Car Title Ready to Go
Although having a title is not necessary, it does make a vehicle worth more because of the potential to resell. But a missing car title is nothing to worry about. You can replace a lost, stolen, or damaged car title by applying for a duplicate. If your title is lost or destroyed, you will need to apply for a duplicate car title, which can be done in person at your local County Clerk’s office, or by mail. Start by visiting your DMV to learn exactly what you need to do to complete the process. So long as you have all the proper documentation needed, the process should be fairly simple. See our blog, “How to Sell a Junk Car Without a Title” to learn what you need to do as an Indiana car owner.
Get the Best Deal for a Junk Car in Kentucky
Call GC’s Junk Cars at 502-804-5605 if you want to sell your junk car 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.
