Looking to kickstart the process of selling your clunker? Go through the steps below to get a feel for what it will take to sell your unwanted car.
1. Find the value of your unwanted car
To have the best experience selling your unwanted car, the first step is to get a clear picture of your car’s value. Most people get between $100 and $500 for a junk car.
Many online car value calculators cannot tell you what a junk car is worth. Look for tools specifically designed for assessment scrap or junk pricesor you may have to evaluate offers from both online and local junk buyers. Fortunately, most of these companies offer a free quote either immediately or within a few business days.
In some situations, owners find that the vehicle they consider junk has significant value to a used car dealer or even a private buyer. In others, they may find that their car is worth significantly less than they had hoped.
2. Prepare your car
Next, you need to prepare your car for sale. Remove any personal belongings, especially documents with identifying information. Inspect the vehicle thoroughly for damage and other details you may need to report as part of the sales process.
3. Collect documents and information
You will need your car’s title or acceptable proof of ownership and any lease details, if applicable, to complete the sale. You may also want to gather your registration and insurance information and any documents related to warranties or extra coverage.
Remember that most buyers will not accept a car without a valid title, so make sure you have this document before requesting an offer.
4. Check local and state requirements
If you’ve never sold a vehicle before, visit your local DMV or licensing agency to learn more about the requirements in your city or state. Pay particular attention to any declarations of sale or notarization requirements and time frames for transfer of ownership.
5. Compare offers
If you are in doubt about how to sell your unwanted car, perhaps you should start by comparing offers from different potential buyers. Call local scrap buyers and junkyards with your car’s information and ask for quotes and other information related to the sales process. Do the same with online and brick-and-mortar junk dealers, and explore similar vehicles on private seller marketplaces.
6. Select How to sell
Once you’ve looked at available offers and researched the sales processes for each potential buyer, it’s time to choose how you want to sell. Keep in mind that online junk buying services typically offer free towing and pickup, while scrap yards may deduct these services from the total purchase price.
7. Complete sales and paperwork
Once you’ve found a buyer, schedule any towing or pickup services and make sure to complete the sale. You must sign over the title and submit all necessary paperwork to local agencies.
8. Complete the final steps
Once you’ve signed your title and completed the sales paperwork, it’s time for a little cleanup on your end. Go to your local DMV or licensing agency office or website to cancel your vehicle registration. Next, contact your insurance company to remove your car from your policy or cancel it.