Most car owners decide to sell their cars after severe damage which may cause it to not run anymore.
When this is the case, cutting your losses is the appropriate thing to do. But it can be rather difficult to get the price you want for it.
In most of these cases, the vehicle in question is probably damaged beyond repair. So naturally, the decision to do so is thoroughly justified. But as we said, a damaged vehicle is an unwanted one and very few people will be interested in it. Those that are interested will likely be interested in specific parts.
However, with this 2020 guide, you will learn useful tips on how to sell your damaged car. Don’t go anywhere as this guide might prove useful to you.
1. Evaluate the Vehicle
The first thing that you need to do is evaluate the vehicle before putting a price tag on it. This is done so you know what price range you should be looking for it.
Through evaluation of the vehicle, you are notifying potential sellers in what condition it is and how much money should they pay for it. Not every damaged vehicle is beyond repair and not every vehicle needs to be scrapped for parts.
But the only way for us to uncover the condition in which the vehicle is is by doing a full evaluation. This is the best and easiest way to determine whether you’ll be selling it for parts or possibly something else.
2. Obtain the Documents
In many countries throughout the world, including the United States, it is illegal to sell any piece of property without having the right documents.
But this is especially the case for vehicles, so naturally, your second step would be to obtain the documents tied to the vehicle. This includes the likes of registration papers, vehicle title, driver’s license, and others which might wary from one state to another.
But if you don’t have the right documents, then no one will buy your vehicle regardless of what type of agreement you’ve reached with the buyer.
3. Checking For Online Buyers
Increasing the range of your scope is definitely worth your time as you’ll have more options to play with.
Instead of focusing solely on a local level, you should be looking at the wider online world for potential buyers that will be interested in your vehicle.
You can find various websites or forums where people discuss these things and get in contact with a few of them. There are even specific websites for selling and buying broken and used cars and these are generally the places to look for.
An even better way to sell your damaged car would be to look for specific buyers of such vehicles. These services are numerous throughout the United States and they do god’s work by buying your damaged car.
Make sure to visit sellthecarusa.com for more information on one such service, and they even do a full evaluation and free pickup if an agreement is met between the two of you.
4. Handling of the Vehicle
Once you’ve found a buyer interested in your vehicle, your next step is to complete the transaction. The money might take longer to reach your bank account, depending on the method of payment, but the damaged car should be instantly taken to the buyer.
In these situations, depending on how desperately you want the vehicle gone, you can take it to them and hasten the process. As we mentioned, some services will even do a free pickup if you choose to do business with them so that’s one more option to have in mind when determining who to sell your damaged car.
Also, if you choose to do business with scrap yards, then do know that some will put in more favorable terms if you can deliver the vehicle to their scrap yard.
But this all depends from scrap yard to scrap yard, and it depends on how much the scrap yard wants your vehicle.
5. Post Sale Things To Do
Once you’ve successfully reached an agreement and the vehicle has been delivered to the buyer, it’s smart to head over to your local DMW and fill up some paperwork regarding it.
Since you aren’t the owner of the vehicle anymore, it’s smart to ask around regarding the selling of junk vehicles. Since every state in the US has similar laws but different, these will definitely wary from one state to another.
An even smarter thing to do is to do this part before you actually part with your vehicle.
However, every such process usually involves filling out paperwork that states you’ve sold your vehicle regardless of why.
6. Clean It
Before you present the vehicle to the buyer, it’s generally smart to present it in a professional matter by cleaning it beforehand. A task that will no doubt take some time from your busy schedule, but it’s generally a very smart thing to do.
Also, make sure to remove any of your personal belongings as you will be separating from the vehicle for good.
Why Should You Sell Your Damaged Car?
Before we end this article, let’s uncover why we do this to damaged vehicles.
· You have no need for it
The first thing that comes to mind when discussing the why’s is because you have no need from a damaged or damaged-beyond-repair vehicle.
What use do we have from a vehicle that doesn’t drive or costs more to repair than what we initially bought it for?
· You will cut your losses
Sometimes, as we mentioned just now, it’s better to cut your losses than to continually repair a car that keeps getting broken. Cutting your losses is the best course of action in this case.
Instead of wasting your hard-earned money on repairing a vehicle that’s been through hell, it’s better to part ways with it and get something in return for it.
· It’s better for the environment
Not only will you be cutting your losses, but you will also help the environment. A broken car that is parked on your driveway can also leak dangerous chemicals that could be potentially harmful to the environment and yourself.