If you have a clunker sitting in your driveway, garage, or — heaven forbid — your front yard, you may have more than a useless vehicle on your hands. Although your car may look like it came from the set of “Mad Max: Beyond Thunderdome,” it could still be worth money. To find out if it is, you should take it to a salvage yard that offers cash for junk cars, or have the company come to you if the vehicle is un-drivable. Before you make a phone call, though, there are a few things that you should know about how to sell cars for scrap, information that will help you get the most money for your clunker — maybe even enough to put a down payment on a new set of wheels.
Don’t Undersell a Usable Vehicle
If the automobile still works, you may get more money from offering it as a used vehicle than as a useless clunker. Some salvage lots buy drivable vehicles in addition wrecked and broken down automobiles that aren’t usable. If your clunker still runs, check out how much it is worth in the Kelly Blue Book before you liquidate it for its parts.
Don’t Pay a Towing Fee
If a salvage yard that pays cash for junk cars wants your vehicle, it should tow it from your property for free. When a salvage lot liquidates an automobile, it receives far more money than it costs to buy the vehicle and tow it. Therefore, there’s no reason to get stuck with a towing bill.
If a yard tries to charge you a towing fee, call a different yard where you can sell cars for scrap without paying a fee for towing.
Receive More Than One Bid
Receiving more than one bid helps keep bidders honest. If a prospective buyer knows that you will receive other offers, or have already received them, he is likely to make a fair, competitive bid. Because the value of a clunker is hard for the seller to assess, receiving more than one bid serves another purpose, too: it helps you get a good idea of the value of the automobile.
When you sell cars for scrap, there are three basic rules you should follow to get the biggest return: don’t undersell a usable vehicle, receive more than one bid, and don’t pay a towing fee. By following these rules, you can get cash for junk cars that you thought were worthless.