Merriam Webster Defines the word “junk” as follows: “old or discarded articles that are considered useless or of little value”.
Well this may be the case for some things, a junk car is a whole different ball game! There are a number of reasons why your car may be considered junk and.a number of places that will pay you top dollar for your junk car.
A car is a complicated machine full of valuable parts, metals another componentry that has real value out on the market. Even if your car is not drivable and is not able to serve you on a daily basis – it’s still has value as a junk car! This article will dive more into what makes a car a junk and where to find places that buy junk cars for top dollar.
How do I know my car is junk?
Typically, car becomes junk to the owner when it is no longer able to perform its task as a daily driver. Since we use our cars for daily life, when they become inoperable, we often consider them to be junk. Although cars are repairable, at times it’s best to ask if it’s worth it to repair your car. This question can be answered by considering a few basic questions.
First you’re going to want to find out how much your car is worth. There are a myriad of sites on the Internet I can tell you exactly what your car is worth in working condition. It’s important to note “working condition” because this will come in to play in the next step of the process.
Next you’re going to need a thorough estimate for what is wrong with your vehicle, usually performed by a licensed mechanic or dealership. It’s often a good idea to get at least three estimates to make sure you have a good idea of cost. This may seem like a lot of work but trust me in the end it’s worth it!
Doing The Math
Now that you know how much your car is worth and how much it’s going to cost to fix your car to get it back on the road, it’s time to figure out the best next step.
Subtract the amount of the repair and the value of your vehicle. If the repair is going to cost 50% or more of the value of your vehicle, it’s probably not a sound investment to perform the repair. You must also consider that a repair to get the car roadworthy may not be all that’s necessary in the long run. Typically owners find that there is one main issue and several smaller issues with their cars.
On the flip side, if your repair is minor or if your car is extremely valuable, then it would definitely be worth it to repair it and get more usage out of the vehicle. This basic math principle works out because cars are worth less or often worth less for a reason! They are either undesirable, unreliable vehicles or vehicles that have extremely high mileage, that’s putting them at risk for more issues.
What else can make a car junk?
There are several other scenarios that could make a car junk besides a large repair. Unfortunately, the motoring world is full of hazards and accidents that are waiting to happen! Even the best drivers often fall victim to circumstances that are beyond their control.
Here is a very common scenario. You are driving along the road at night and all the sudden a large animal jumps out in front of you and you hit it! You skid to a stop and run into the curb in the process. Luckily, you’re OK but the animal you hit and the curb that you hit have taken a toll on your vehicle. Now you have a car that’s completely inoperable and may take several thousands of dollars to repair!
The same concept can be applied to other types of natural disasters like floods, hail, or even hurricanes or tornadoes. Hit and runs or accidents where you’ve backed into a pole or a post or also common grounds for deciding a car is no longer worth repairing. Even a simple accident can mean big repair money.
What about insurance?
This is the first thing that comes to my mind when I have had an accident! Well I have insurance, so that insurance should cover the problem and fix my car, right? Well unfortunately the reality is not quite as cut and dry.
When you submit a claim to your insurance company, no matter how big or how small, your rates will go up! If for some reason the insurance company deems the accident your fault, your rates will not only go up but will have a point on your record as well. If the car is deemed a total loss, the insurance company is going to pay you minimally for the car.
Remember, the insurance company is never a place that is going to pay you top dollar for your junk car.
Getting Cash For Your Junk Car
As with most things in life, there are good options for getting rid of a junk car and bad options for getting rid of a junk car. First we will go through the bad options and then we will discuss more on places that pay top dollar for junk cars.
Generally speaking, you can go about selling a vehicle yourself, or, you can sell a vehicle to a company who will then sell it to other people or dismantle it for parts. Since a junk car is typically valuable more for its parts then as a working vehicle, some amount of labor and work is going to have to go into making it ready for sale. This padding, or profit margin, is often the reason why you get less than you think for a junk car.
If you happen to be mechanically inclined or have friends and family that are mechanically inclined, you may be able to dismantle or fix a junk car yourself. For the purposes of this article we will not be discussing this option as it is not typically something that most consumers will take advantage of.
Rest assured, this process may sound confusing but a little knowledge goes a long way to ensuring success!
You may be tempted to sell your car on a platform like craigslist, since it is the largest classified directory in the United States. While there is absolutely nothing wrong with Craigslist, you have to understand there is a number of risks, inconveniences and possible fraud that you need to work around! People who will buy your car off craigslist are looking to pay minimally for it so that they can dismantle it or scrap it for metal and then collect a profit based on your low selling price. Effectively they become the middleman and you’re at the bottom of the totem pole.
You also have to deal with check frauds, as well as people who will lowball your car or offer to buy your car from other countries in exchange for shipment. Yes, I know this sounds crazy, but it happens every single time I have listed anything on craigslist.
Bottom line is you may be able to get decent money but you’ll have to go through an unbelievable hassle to do so.
eBay may seem like a top place where people buy junk cars for top dollar, but you will have to have a particular type of vehicle or a particularly valuable vehicle to really have it makes sense. Since eBay is a nationwide platform, it does have an incredibly wide audience, so you might get more interest in your car than if you just list it locally. This can mean more money for you.
However, on top of actually listing the product and dealing with that hassle, you will also have to ship your car to whatever part of the country the buyer is in. Then you may have to deal with buyers complaints since the first time they see it is often when it arrives. I’ve done this myself and it was a major hassle
You will also have some sort of delay on your funds when selling your car on eBay. This is not a cash on the spot type of process! If you are looking to get the maximum amount of money for your car and can afford to wait often weeks at a time to get paid then eBay may be a decent option for you. If not, move on.
Junkyards are a nearly century old industry! They will offer you cash for your junk car but there are several caveats of the process. They may advertise that they are a place that buys junk car for top dollar. They will offer you cash on the spot and they often are very good at negotiating down in price. Remember, the primary purpose of a junkyard is to take your car dismantle it and sell the parts and componentry for cash. They are paying you for all the individual parts of your car, not the car itself.
A junkyard is also rarely going to agree to come pick up your vehicle or settle on a price before coming to pick up your vehicle. The offer and require that you transport your car down to the junkyard and if your car is not working and is already not worth much money, the price of a tow truck can cut into your profits even more. Then once you get there, your car is captive and most people often take the low offer just to be done with the hassle!
So, while it may seem like junkyards are places that buys junk cars for top dollar, they actually just buy junk cars for minimal dollars.
Places That Buy Junk Cars For Top Dollar
So, are there reputable places that buy junk cars for top dollar? Absolutely! You’ll need to leverage the power and convenience of the internet along with a deep network of junk car buyers that are willing to pay cash on the spot for your junk car. Sounds like this is too easy and too good to be true, right? No! This is not too good to be true – this is Cash Cars Buyer!
Cash Cars Buyer
Cash Cars Buyer buys vehicles all the way from 2000 to 2018. There is no limitation on what type of vehicle or what type of condition the vehicle is in. It takes less than a minute to get an estimate based on information that you provide us about your vehicle. We will then schedule an in home inspection with one of our junk cars specialist to make sure information and condition matches the original estimate.
Once the inspection is complete we pay you cash on the spot for your car and take your car away free of charge! Really, it’s as easy as that.
Cash Cars Buyer can pay you up to $19,500 for your vehicle! Even if you think your car isn’t worth nearly $20,000, it’s absolutely worth a visit to Cash car buyers to assess the value of your vehicle.
The Easy Choice
When you are looking for places that buy junk cars for top dollar, your first place to look should always be Cash Cars Buyer! You’ll be able to leverage the power of the Internet, along with a deep network of junk car buyers to ensure that you get paid the most for your junk car. Cash Cars Buyers also eliminates the massive hassle of selling a car privately or dragging your car from junkyard to junkyard looking for top dollar.
Cash Cars Buyer really makes the process simple and saves time. Time is truly our greatest commodity and something we can never get back. When you’re considering how much time you’re going to spend getting rid of your junk car, remember, cash car buyers really makes it quick and easy. This may prove more valuable than anything!