The plume of blue smoke in the exhaust, that shrilly bang of a knock, or the plain and unspoken non-commencement–a blown engine is the nightmare of a driver. With a repair bill that in many cases goes well beyond the total value of the car, you are left with a metal, heavy paperweight. The question is simple and direct, what now?
The positive thing is that your car is not useless. It is not just that it is possible to junk a car with a blown engine, but it is often the most intelligent and profitable mode of going. This guide will demonstrate the way in which you can turn your automotive nightmare into a simple deal and get real money back in your pocket.
Why Junking is the Wittiest Way to Go.
When your engine stops, there are few choices but none of them has much to recommend them:
Expensive Engine Replacement: Replacing an engine with another one or even a rebuilt engine is an expensive affair that can cost as much as 4000 to 8000 dollars. This is hardly a financial decision that is sound in the case of an older car.
The As-Is Private Sale: This is a possibility, but requires time, patience, and the willingness to take the inconvenience. You have to make the listings, receive the field calls of the mechanics and hobbyists, negotiate the price, and all the DMV paperwork is to be done by yourself.
Selling your vehicle to a professional buyer is the better option due to a number of convincing reasons:
Immediate Cash: You turn a dead asset into cash, typically in less than 24-48 hours.
Zero Hassle: The system is meant to be easy to use all the way through.
Free Towing: When it comes to reputable services, they are always offered with free pickup, which saves you one hundred and above dollars.
No Extravagant Charges: Creditworthy company will not involve you with the removal.
Environmental Recycling: 80% of your car will be recycled in an environmentally responsible manner, and the harmful fluids and metals will not go into the landfills.
Step 1: Preparation is Preeminently Value Maximizing.
A little preparation will make the first call go smoothly and assist you in getting the best offer before making the first call.
Gather Essential Paperwork:
The title of your car is the most important document as it establishes ownership. In case it is lost, call the DMV in your state and request a replacement. Although there will be other buyers who will agree to a car with only a registration and ID, without a title, you will be able to offer the car at a very low price.
Conduct a Thorough Clean-Out:
Clean the glove compartment, center console, under seats, and trunk by taking out all the personal belongings. Don’t forget items like:
- Documentation and registration and insurance.
- Garage door openers
- CDs, USB drives, and chargers
- Any other electronic aftermarket you desire to retain.
Evaluate and Eliminate Valuable Members (Optional):
You may also take off things that can be removed easily such as custom wheels or high end stereo system and sell them separately, in case you are a skilled person. It will also reduce the scrap value of the car though.
Step 2: Learn What To Determine the Value of Your Car.
The price of a junk car is not random. The offers made by buyers are made based on a number of factors:
- Up to date Scrap Metal Prices: It is the major motivation. The price is pegged on the weight of the car (mostly steel) and the daily changing prices of metals markets.
- The Vehicle in its “Core” Parts: The transmission, catalytic converter and alternator among others are valuable as re-usable cores or in their direct form of sale.
- Make, Model and Year: There are cars that have parts that are in demand. An ordinary vehicle such as a Honda Civic or a Ford F-150 will usually be sold at a higher price than the rare and discontinued ones because of its reusability.
- General Appearance: A car in good condition, with good body, good glass and good interior, is worth more than a car which is all rusted or wrecked.
Step 3: Get Multiple Quotes
Always do not take the initial offer. The only best way of getting the right price is to get quotes of 3-5 buyers.
Where to Get Quotes:
Online Car Buying Services: such companies as Peddle, CarBrain, or Copart have online quotes and everything is done electronically.
Local Scrap Yards: Call yards in your factories. They receive the last rest of many cars.
National Junk Car Networks: This service links you to customers in their local network.
When making a call, be ready to give the correct information; the year, make, model and a sincere description of the damage. An accurate quote eliminates a low bid at the time the tow truck comes.
The Process: Quote to Cash in Hand
It is so easy once you have accepted an offer.
Arrange the Pickup: The buyer will arrange a pick up time that suits him or her, typically between 24-72 hours.
Get ready Tow Driver: Be ready to have your title and photo ID. You should make sure that the car is available (not in a garage) and all personal items are taken out of it.
On-Site Check and Documents: The driver will conduct a brief physical examination to check that the state of the car is as you described. The company will endorse the title to you (which depends on the state).
Get Paid: This is normally paid at the spot. Majority of companies will provide a variety of options:
- Immediate Cash
- A Business Check
- Secure Electronic Payment
When all the work is done and you have the money, the driver will get attached to your car and drag away at no price to you. The whole transaction can be completed in a matter of less than 30 minutes.