All You Need To Know About The Cash For Junk Cars Business
It is shocking that most people prefer to lock away their old cars in the garage rather than sell them to cash for cars dealers. It is an environmentally friendly and convenient way to make some cash off your junk car and make your garage spacious. If you have not dealt with a cash for cars dealer, below are some things you should know.
Business Practices
Cash for cars businesses buy vehicles to resell them, dismantle them for parts or sell them to scrap metal dealers. Typically, they help handle the menace of abandoned and junk cars that cannot be resold or rebuilt. These vehicles chip paint, leak fluids and produce rust that causes land and water pollution. Once you sell your vehicle to the cash for cars dealer, they will evaluate its condition to determine how to dispose of it. If the car is a wreck, the dealer will drain its oil, remove recyclable parts, crush it and sell it to a scrap metal dealer. If it is in acceptable condition, the dealer could keep it and sell it for parts. Alternatively, they could repair it and sell it to people looking for used cars.
Car Appraisal
Cash for cars businesses are not car dealers. Therefore, their appraisal mechanism is quite different from that of your local car dealer. If the vehicle is totally ruined, the dealer will buy it based on its weight. Their argument is that metal and plastic recyclers buy materials based on their weight. If the vehicle is in somewhat good condition, the dealer will appraise it based on its make, model, trim, and condition.
Sometimes, you might feel that the dealer's price is too low, yet you need to dispose of the vehicle. Rather than negotiate the dealer's price, retrieve valuable components such as the stereo, aftermarket spoiler, rims and bucket seats. These items will fetch a reasonable price in the second-hand market.
How The Dealers Buy Your Car
The primary advantage of dealing with cash for cars dealers is that they have a straightforward buying process. Once you contact the dealer, they will ask you to describe your vehicle in detail. They will then give a quote based on your description. Once you agree on the selling price, the dealer dispatches a tow truck to pick your vehicle. The dealer then inspects your vehicle to establish you gave accurate details. If you did not, they will adjust their quote. The dealer will also ask for vehicle registration documents such as the title and the plates. Finally, they will pay you in cash or bank transfer before towing your vehicle away.