If you were involved in an accident where the car was so damaged that it was deemed irreparable and considered a salvage title or wrecked car, you may wonder what is the best course of action to sell it.
Some people decide to let their insurance company buy it off of them to save the hassle of trying to unload the vehicle themselves, but doing so will most likely mean a smaller payout for the vehicle.
You can also attempt to sell the wrecked car to a junk or salvage yard, but you may be low-balled into a price that may even be less than what the insurance company offered. So how do you sell a wrecked car for good money and what should you be aware of?
First Things FirstBefore you can even consider selling your wrecked car, you have to make sure that you are the legal owner of it. This may sound rather basic, but if you haven’t finished paying off your car to the lender, or there is a lien on your vehicle, you do not own the car.
Your car title or “pink slip” must be in order and legal. Your full name and address must be on the title, and when you sell it, you must fill out the proper information on it. If you make a mistake on it, this can invalidate the sale to the buyer.
Getting It ReadyIf you find a car salvage company that is interested in buying your vehicle, you’ll need to go over the car carefully and empty it of all personal items, tools, and other assorted things to make sure you aren’t leaving anything of value behind.
If you forget to remove your iPod or cell phone, the purchaser of your car is now the legal owner of whatever was left in the car.
Beware Charity OrganizationsOften times you’ll see charity organizations offer to take your junked car off your hands and offer free towing to haul it away. While the honest charities put the dollars made from your wrecked car to good use, there are some charities that only use a portion of the proceeds towards good causes, and pockets the rest for “administration costs” or salaries fo the staff.
Before you commit to one of these organizations, it is a good idea to check out their reputation on the Internet.
Try Legitimate Car RemarketersThese businesses buy salvage vehicles and used cars from the public. The reputable ones give the best pricing for wrecked cars and used cars. They offer free towing, excellent customer service and additional services such as car title services, information, and insurance claim help.
Carbidnow.com is such a business. If you need immediate, no-hassle help, contact the friendly representatives there.
Source:
Wikihow