If you have an old car that no longer runs, instead of letting it sit on your property and take up space, you can sell it to a junkyard and get cash. People who are first-time scrappers are often unaware of the steps needed to junk their car. To get you started, here are three key steps to make the process run smoothly.
Obtain The Title
The most important step to scrapping your car is to obtain the title to the vehicle. If the car has been sitting for a while you might not know where the title is or the title may have gotten lost over the years. Give your property a thorough search to look for the title. If you've lost the title, you'll need to go down to your local Department of Motor Vehicles and complete a duplicate title request form. There is usually a fee of $20 to $25 for this service. The duplicate title will be mailed to you after completing the form and paying the fee. It may take 7 to 14 business days to arrive, so plan accordingly. Scrap yards will not purchase your car unless you have the title and are the rightful owner.
Assess Value
To ensure that you maximize your profits from junking your car, it's crucial that you determine what it's worth. Foreign cars often have parts that are worth more than domestic vehicles. The amount of damage to the car is also a factor. Determine which parts of the car are in working order and what the value is for each part. Certain vehicle parts hold more value than others. Key parts include fenders, bumpers, doors, batteries, air conditioner, wheels, tires, rims, undeployed airbags and catalytic converts. It's best to negotiate a price with the junkyards based on the salvageable parts of your car. For example, unused air bags are typically worth about $200 dollars each, depending on the year, make and model.
Get Quotes
Contact local junkyards like Fox Valley Iron Metal & Auto Salvage Inc and request quotes. Make sure to write down the pertinent details of your car, including the make, model, year, condition, and which parts are salvageable. The junkyard will use this information to give you an estimate of what they'll pay for your car. Keep in mind that most junkyards will not pick up your vehicle, so plan to drop it off, which usually means you'll need to have it towed to the junkyard.
Share27 February 2017
My dad was a mechanic, but I never had any interest in cars when I was young. My dream was to become an accountant, and that is what I do for a living today. When I began my career, the stress of my job began to take a toll on me. One day, I visited my dad, and like usual, I talked to him while he was fixing up a car in our garage. He told me to switch places with him and began telling me what to do with them to help him repair the car. After just a half-hour or so, I felt more relaxed than I had in months. The rest is history, as they say, and I am now passionate about automobiles and auto repair. I also find blogging very relaxing, so I decided to combine my favorite hobbies and start an auto blog!
