A Step by Step Guide on How to Get Cash for Your Junk Car

Every year, over 25 million tons of materials are salvaged in the United States by recycling old vehicles. The automotive recycling industry in the US is an important, market-driven industry, generating roughly $32 billion in annual sales.

If you’re looking to sell your old vehicle to a junkyard, but aren’t quite sure about the selling process, don’t worry! Here’s a step by step guide on how to get cash for your junk car.

Step 1: Find a reliable salvage car dealer

The first step to getting cash for your junk car is finding a reputable salvage car dealer. You can search on the internet to find reliable salvage yards in your vicinity or those located near your area.

Contact them and provide them information about the particulars of your vehicle, such as the model, its condition, etc.

You might also be asked several questions, which you should answer as comprehensively as possible in order to get an accurate quote for your vehicle.

Step 2: Get a quote for your vehicle

If the junkyard is interested in purchasing your vehicle, they’re likely to make you an offer over the phone.

The price they’ll offer will primarily depend on the model, condition, weight, and the integrity of your vehicle’s parts.

If they insist that you bring your vehicle in for inspection, consider opting for another salvage yard, as transporting it to them will only increase your selling costs.

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Step 3: Set up a pick-up time

If you’re satisfied with the price offered by the salvage yard, you can set up a pick-up time with them to deliver your vehicle. If your vehicle is in working condition, this won’t be much of an issue.

However, if it’s not drivable, you’ll have to consider the cost of towing your vehicle to their facility; though most reputable salvage yards offer free towing service to their customers and work around their schedule.

Step 4: Prepare the Vehicle

The salvage yard may pick up your car on the very same day, or within a few days. Therefore, you need to make sure your vehicle is prepared in advance.

Preparing your vehicle is as simple as removing all your personal accessories and belongings that you wish to keep.

You can coordinate the day and time with them to ensure that the delivery process of your vehicle goes smoothly. 

Step 5: Complete the paperwork

It’s recommended that you familiarize yourself with local laws and restrictions pertaining to selling cars to junkyards, just to be on the safe side.

Once you’re satisfied and have confirmed that you comply with all the legal requirements, simply sign over the title and receive the payment.

The salvage yard may offer you a payment via cash or a business check—both are acceptable methods of payment.

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Bonus Step: Check on Title Transfer

After you’re done with the selling process, it’s good practice to contact your state’s Department of Motor Vehicles and ensure that the title of your vehicle has been successfully transferred.

This is important because you might be liable for any mishap or adverse event associated with your vehicle if the title is still in your name.

 

If you’re looking to make some cash by selling your old car to the junkyard, you may contact Hook & Book Towing. They specialize in junk car removal and can help you get the best bang for your junk.

Using their automotive recycling expertise, Hook & Book Towing provide high quality Scrap Car Removal in Minneapolis, MN, offering free pickups as well. Therefore, if you want to sell junk cars near Minneapolis, MN, give them a call at (763) 334-2233.

The Slow Road to All-Electric

The global market for electrical cars is slowly but steadily expanding. According to reports, the global sales of electrical vehicles (EVs) are going to reach the 2 million mark.  This represents a 66% increase compared to car sales in 2017.

As climate change awareness increases, more people are looking to switch to hybrids or electrical cars. In response to this increase in demand, car manufacturers are now trying to improve on existing technology and increasing production output. Some of the major issues EV technology faces include:

  • EV range limitations
  • Inefficient Battery Charging
  • Limited EV manufacturers
  • Developing feasible charging portals for EVs

Despite these issues however, electric cars are soon to overtake the demand for conventional automobiles as prices fall and sustainable recharging infrastructure is developed. As time passes it is quite possible that we will see the following changes in the EV industry:

Long Range Electric Vehicles

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Range Anxiety is a term used to define a fear of running out of charge in an electric car. Many owners wonder if their cars can go long distances on the charge they currently possess. Since recharging stations are yet to become a more common phenomenon, many are calling for the creation of energy efficient cars.

To eliminate range anxiety and to increase the acceptability of EVs, many automobile manufacturers are working on long range electrical vehicles. The Tesla S100D is one particular example of an electric car that can travel up to 510 kilometers with an efficiency of 18.4 KWh.

Till the foreseeable future, it is likely that we will see a greater number of energy efficient cars. Until a time when EV charging infrastructure becomes fully developed, car manufacturers are likely to continue producing increasingly efficient automobiles.

Shift from AC charged to DC Charged Lithium Batteries

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The conventional EV battery was to be charged on an alternating current, due to the adoption of the current generating technique across entire countries. However these are very slow to charge and pose a significant time cost in terms of charging a battery to full capacity.

To counter the problems of both range limitations and charging time, 2019 will welcome a greater number of lithium metal batteries that are charged on a direct current. The lithium battery industry is expected to grow to a valuation of $33 billion in 2019. These will be a significant improvement over conventional batteries in terms of charge capacity and charging time.

Asian OEMs will dominate the market

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Current trends suggest that the industry will come to be dominated by Asian EV manufacturers. At the moment Tesla, Nissan, GM and Volkswagen are leading global EV markets however Chinese producers might just develop a stronger foothold.

Given the rising environmental concerns in the country, many old hands in the automobile industries have shifted production to environmentally friendly cars. The FAW group is working with Audi and Toyota to produce electrical cars, while BAIC reported that their EV sales hit the 1 million mark just this past year.

The progress in the EV industry is gradual but definitely progressing. As manufacturers develop increasingly efficient electrical automobiles and as the consolidated effort to make EV ownership more convenient start to bear fruit, EVs will prove to be the next revolution in the automobile industry.

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