When you own a vehicle that is essentially worth nothing but the price of scrap metal, you may wonder how you can get rid of it as quickly and easily as possible. If you cannot drive it, you cannot realistically use it for a trade-in on a newer vehicle. You also do not want to continue to pay for its taxes every year.
Instead of keeping it and having to insure and tag it just to avoid civil fines, you can liquidate it for its scrap metal and parts. You can get money out of it by selling it to a cash for junk cars buyer.
Determining Its Worth
When you sell your scrap car to a business that pays cash for junk cars, you can typically find out right away how much you can get out of it. The business might base the price that it will pay you on the weight of the vehicle rather than the condition in which it appears.
With that, you can formulate how much that you will get out of it yourself by finding out how much your car weighs and what that day's going rate is for scrap metal. You can then get an idea of whether or not to sell it to the cash for junk cars business or wait for scrap metal to increase in value before you sign over the title.
Getting a Tow
If the car is not drivable, you may need to get it towed to the business that pays cash for junk cars. The business that you sell it to might offer to tow it at your expense. If you do not have the money upfront for the tow, you can have the tow's cost deducted from the money that you will get in exchange for selling your car for scrap metal.
Signing Over the Title
Finally, you will need your vehicle's title to sell it to a business that pays cash for junk cars. Once you sign over the title, you will be paid the agreed-upon price. You walk away with that money in hand and avoid having to wait for the buyer to mail you a check.
Selling your vehicle to a cash for junk cars business is typically not a complicated transaction. You can base its value on what it weighs and what that day's going rate for scrap metal is. You also may have it towed at your expense and get the cash in hand when you sign over the title.