Convert Your Junker Cars to Cash

5. Cancel Your Insurance Policy

It is often common for car owners to forget to cancel their car insurance policy the moment the car stops running. When you get cash for a junk car, you don’t want to then lose that cash to an insurance policy that you no longer need. You must inform the insurance company of your plans or they will just continue to renew your policy. 

If you have already paid for several months in advance for an insurance policy, you can get a refund of the difference. That means you are getting back more cash on the junk car than you expected.

Talking to your insurance agent is a very important step, so be sure to call them right away once you’ve scheduled to junk your car.

6. Do Your Research 

Don’t just jump into junking your car without proper research. It is important to check all the options. Your car might be valuable enough to sell it rather than junk it. Therefore, it is important to search for the best deal before proceeding to sign the papers. 

Note that selling your car to a brokerage firm or the dealership offers you the lowest price for your car. There are two important things to keep in mind if you want to sell your junk car for the best value:  1. consider how much body damage the car has incurred over the years and 2. also the rough estimate of the car currently.

Knowing the current estimate of the car will also help you know the best price to get off the parts from an auto salvage yard.

Before proceeding to finalize a deal with a buyer, ask about their towing services. Some companies may offer free towing services to their clients. Getting a good dealer who can tow your car away from its current location will save you a lot in monetary terms. It will also save you the responsibility of trying to find a towing company for your junk car.

In case your choice of company does not offer free towing services, you can go ahead and inquire how much you stand to gain if you handle the towing services yourself. While it’s always best to allow the company to handle the towing responsibilities, doing it privately may also be in your best interest sometimes.

7. Properly Licensed Dealer

In some states, junk car dealers must have the proper license and certification to operate. Carrying out this investigation is worth it before you get cash for a junk car and keeps you on the safe side when carrying out business transactions.

If you are in states where proper licensing and registration are required for junk car dealers, you must request this license. You can easily find this information online for your state with a quick search. Dealing with a licensed dealer ensures your protection during the business transaction and saves you from unnecessary liabilities.

In case you fall into the hands of a shady deal, it is difficult to pursue any legal terms if the dealer does not have a proper license, and tracking them will be more difficult. The truth is, licensed dealers are more reputable and trustworthy to deal with than unlicensed dealers. Dealing with professionals ensures that you get the paperwork done accurately and makes the job easier for you.

In some countries, you might face legal implications for carrying out business with unlicensed junk car dealers. Therefore, you must gather all the necessary information you require before closing a deal with a junkyard dealer.

8. Inquire About the Non-Metallic Parts of the Car

Your car has many plastic parts, including your car seats, sun visors, etc. Most junkyards are not interested in those non-metallic parts and prefer that you strip them before bringing the car to the junkyard. Asking a few questions about what a junkyard prefers makes it easier to get cash for a junk car. If a junkyard prefers only the metal frame, get rid of everything that is not metallic which is attached to the frame of your car. Doing this can land you a quicker deal and also get you extra cash for a junk car because you can then sell these parts separate from the car.

When removing the non-metallic car parts, it is always important to remember care should be taken with some parts. For instance, the gasket requires more care to remove. Remember to dispose of all unused car parts accordingly to avoid unnecessary hazards. It is best to hire a mechanic to take care of the stripping process, this ensures that work is completed to satisfaction. Of course, the service is not free, but you will be sure that the work is done.

9. Know the Scaled Pricing

The standard for purchasing junk cars is usually by weight scale. Most junkyard dealers usually have a set amount according to the weight of your car. The irony of using the weight payment system is that your old broken down SUV will be sometimes more valuable than your brand new SUV in the garage.

Calculating the scale and pricing should be a straight-forward process. However, you need to be careful with junkyard dealers. It will surprise you to notice that different junkyard dealers may use different types of scales for their business.

Most importantly, take note of faulty scales and scales that have been tampered with by the dealer. A faulty or bad scale can affect how much you will earn from your transaction. Once you notice that a scale is faulty or tampered with, do not hesitate to visit another dealer. It is safer to ensure that you are dealing with a reputable firm that relies only on a certified scale for their business.