If you're looking for how to sell a crashed BMW, follow these simple steps:
- Step#1: prepare your BMW for sale
- Step #2: find potential buyers
- Step #3: understand the legal considerations
- Step #4: decide on the payment method
- Step #5: meet with the buyer and finalize the sale
Getting involved in a car accident is not a rare situation, and if your beloved BMW crashes, you have to think about the next steps and determine what you will do with it. Many people might have the chance to fix these BMWs, but others might sell them.
Finding the right buyer for your crashed BMW is tricky, especially if you're looking for the top dollar paid for similar vehicles to yours. However, it's possible if you follow the good recommendations from automotive experts.
This article walks you through a step-by-step process and provides a comprehensive guide on selling a Crashed BMW. Then, you can read on for more details and understand how to maximize your profit from your crashed BMW.
What to do before you sell your crashed BMW?
Before we dive into the details about how to sell a crashed BMW, there is one important question that you have to ask yourself before moving forward, which is, are you looking to sell your BMW?
In other words, some people might think that just because their BMW got crashed, it's not repairable. That's why you have to check with your mechanic and see with our repairing your BMW is a good idea and makes more sense for you in this situation or not.
Some people might move forward with selling their BMW even if repair costs are affordable because they have a lot of reasons, including the fact that they're looking for upgrades or they don't want this vehicle anymore.
How to sell a crashed BMW?
Selling a BMW is similar to selling any other vehicle unless you're looking to maximize profit. However, dealing with a crashed BMW can be a little bit challenging, especially if you still would like to maximize your profits and get the best you can get out of this vehicle so you can purchase another one.
After confirming that you are ready to sell your crashed BMW, here's a step-by-step process on how to sell a crashed BMW:
1. Step#1: prepare your BMW for sale
We understand that Your BMW got crushed, but you should still show it as is to your potential buyer, if you don't mind. In other words, there are some proportions that you can do to improve and enhance the first impression about your BMW so the potential buyer pays you better than what you're expecting.
Typically, preparing your BMW involves two components: physical and legal preparation. Here are more details about each component:
For the physical preparation, you want to remove any personal belongings. The more you own your BMW, the more it turns like your second home, and that's why you'll find a lot of important elements in paperwork sitting inside your vehicle. You want to avoid having these people fall into the wrong hands.
Also, if your BMW is partially crushed and there is a chance that you can perform minor repairs, do so. In other words, please check with your mechanic to see if you can fix any external scratches if the vehicle is not in terrible condition. If you invest these minor investments, you can't see a significant improvement in your vehicle's overall offer.
Finally, if the vehicle is not completely crashed again, try cleaning it up and removing any food left over. Also, remove any pets leftover and anything that could make the vehicle smell bad. The more you take care of the car, the more it tells about whether you've been taking good care of what's under the hood.
Physical preparation is one of many things you should do as you prepare to sell your crashed BMW. You also must prepare all the documentation and ensure everything is in the same place and clean. In other words, you want to check what's needed to be signed to transfer ownership in your state, which you can find on your local DMV website.
I would also like to ask you to prepare some documentation about the registration. You will most likely need the title in every state unless your buyer is OK with buying your BMW without a title, which is rare except when you're selling your BMW to a junk car buyer.
You'll also need to talk with your insurance company and tell them that you no longer own your BMW. You can do this after you finalize the sale, but giving them the heads up is very important because it might give you future discounts for your new vehicle.
2. Step #2: find potential buyers
At this point, you should be ready to search for potential buyers interested in purchasing your crash BMW. Although your BMW is crashed, it doesn't mean no one will be interested in buying it. There are a lot of people who might be looking for parts replacements and others who might be interested in fixing this BMW and driving it themselves.
You can search for your potential buyers through different means, including the following:
The most common way of selling any vehicle is through classified websites and online listings. For example, you can post your BMW on Craigslist or eBay Motors. These websites will expose Your BMW to thousands of people who might be interested in purchasing your car.
You should keep in mind that most people searching through these classified websites are interested in purchasing vehicles in good shape, and that's why if your BMW is in bad shape, you should consider other options below.
Some local dealerships might be interested in purchasing your BMW and might even allow you to trade your car for another one. In addition, they will take care of the paperwork, and you don't have to worry about anything regarding transferring ownership.
However, the biggest drawback of selling your crashed BMW to a local dealership is the amount of money they will pay you. Most likely, dealerships will need more than the top dollar, and they typically underestimate vehicles no matter what.
If your BMW is in terrible shape and got completely crushed in a car accident, you can reach out to junkyards, the last resort for any vehicle that no one is willing to purchase or drive. These junk cars can immediately buy your car regardless of its type or condition.
Just to let you know, the junkyards might not provide the top dollar, and you might be missing a good opportunity from private buyers or other means we will provide you later on this list. So, could you evaluate your options and understand the best scenario that gets you the maximum profit from your crashed BMW?
Cash for cars companies
Finally, you can try one of the fastest and most innovative ways of selling any crashed vehicle, which is the cash for car companies. Cash Cars Buyer is one of those top-rated companies willing to buy your BMW regardless of its Type or condition and provide you the top dollar paid-for vehicles similar to yours in your area!
If you're interested in more details, please contact our team at 7737914363.
3. Step #3: understand the legal considerations
It's important as you're looking for somebody to buy your crashed BMW to understand the legal component. You're not trying to sell a household item, meaning you have to understand what exactly needs to be signed, how to transfer ownership, and how to handle the plates.
All of this information should be available on your local DMV website. You'll also be able to call them and describe your situation to understand better the title transfer, the salvage title issues, the insurance payouts, etcetera.
4. Step #4: decide on the payment method
One of the most critical steps you have to focus on when selecting crashed BMW is the payment method. You're looking to sell a valuable car, and even if it's crashed, it still holds much of its value. Therefore, you want to ensure that you're getting paid properly without any scams that could happen and occur during the car-selling process.
Most automotive experts recommend getting paid for your crash BMW in cash, which only some have the luxury to do, especially if your BMW is still in good shape and holds a good amount of its value. However, if you can't do that, it's always recommended.
On the other hand, you might get to a point where the buyer is not willing to pay you in cash, and that's where you have to move to other alternatives known as well, like cashier's checks or checks. Of course, you must ensure that these checks go through and are legitimate before finalizing the sale.
5. Step #5: meet with the buyer and finalize the sale
At this point, you should understand what exactly needs to be signed and how the transfer of ownership should occur. Therefore, you need to make sure that all the work is signed and keep copies of all these paper in case something happens.
Looking for somebody to buy your crashed BMW can be a daunting job. However, if you follow the right recommendations by automotive experts, you should go through the process without any problems.
This article provided you with a step-by-step process on how to sell a crashed BMW. It highlighted the main important items to keep in mind and warned you about scams you might run through trying to find a potential buyer.
If you want to avoid going through any hassle and get rid of your BMW fast and for the most money, you should go for Cash Cars Buyer! As Cash Cars Buyers, we guarantee to buy your BMW, and we guarantee you're moving it within one to three days only! So give us a try and call our team at 7737914363.