Most people forget about their last car once they have a new one. Although the other car may be undamaged and still able to run, many of us think of it as junk and keep it in the garage or even the backyard. Whether you have an old car (that functioning properly), or have one that doesn’t run anymore (or was involved in an accident), you can still make the most out of it – and make money out of it. Although it may be a piece of junk, and worthless to you, it may be gold in another person’s hands. There are two ways into which you can make money from the junk car, by selling it off to a car junk yard, or selling it in parts.
A few factors and considerations, however, have to be made when selling junk car. For starters, you will need all the documents tied to the car (for transfer purposes). Aside from this, you will need to shop for potential buyers by either contacting several local salvage yard managers or posting it online. Most of these yard operators make good money from these cars by either repairing the cars, then selling them to willing buyers, or just selling any reusable parts from the same. It would therefore be advisable to window-shop and look for the highest bidder to take the car. Giving it up for auction is another way of making good money out of it, especially if it is still running.
Although selling the car as is to the car junk yard may bring in some money, you can still make the most out of it by cleaning it up. Any weeds, water, oil on the car should be cleaned out. If repairable, take it to a mechanic and have it fixed – it is in this way that it will fetch some more money. Although some yard operators may offer to tow the car (at a fee), taking it to them yourself attracts a much higher price. If you have time, have the car towed to these junk car operators and get some more money from the same. The make and model of the car (and its condition) may also help fetch some more money from these operators. For instance, a Range Rover SUV will fetch more money than a Toyota Hilux or even a Chevrolet.
Having identified the best bidder, and with the car ready, you should then have the paperwork ready. It will be mandatory for you to present all the documents including the logbook (to show that you are the rightful owner) for the transaction to be completed. This helps protect both you, and the vendor incase a claim is launched on the same car.
If you have an old car lying around in the backyard, do not let it rot while you can make some money out of the same. You can either give it up for charity or sell it to junk car operators. One fact you need to know about junk yards is that they recycle almost 98% of the car, meaning it will be put in use in one way or the other.