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.
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.
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.