Finding the right buyer will help you secure a better deal for your vehicle. Getting the most cash out of your car sale will be the best way to secure a good down payment on your next ride.
Keep reading below to learn about your buyer options and how you can make the most of your sale.
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Who Buys Damaged Cars?
The automotive industry is huge: just look at all the new and used car dealerships and services available. It’s never been easier to buy or sell a car than it is now, even a car with dents or mechanical issues. Therefore, you will be able to find a buyer for yours.
Private Buyers
There are millions of regular buyers out there looking for the exact vehicle you are selling. Yes, even if it’s broken down and damaged. You can find these prospects in your city by posting signs and posters.
Better yet, head to the internet and list your car for sale on as many websites as you can. The more eyes your listing gets in front of, the better chance you’ll have of finding the right buyer.
The greatest benefit of private buyers is your control over the asking price. While it is a best practice to ask for a fair amount, you don’t have to settle for low-ball offers. You can reject prospective buyers who give offers that are way too low and focus your attention on those who see the value in your vehicle.
Dealerships
Dealerships are an easy and fast option for selling your car. They also offer trade-ins so that you can leave with a new car on the same day. They make it very convenient to do this process.
However, you are unlikely to get a fair quote for your automobile at a dealership. That’s because they typically don’t provide fair market rates when buying cars, especially cars with problems that they can’t easily put back on the lot. You might be able to haggle your way to a higher offer, but it might be a hassle.
Scrap Yards
When you have a damaged car, a scrap yard might be one of the best choices for you. These businesses purchase a wide variety of vehicles in different conditions. You won’t have a hard time getting rid of yours here. But, just like dealerships, you won’t always get a great deal.
Scrap yards don’t evaluate a car’s worth by its make, model, and year. Instead, they weigh cars and determine value by the amount of salvage metal on them. As a result, you’re missing out on a lot of potential value.
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How Do I Sell My Damaged Car?
Selling a car is much like selling anything else: you need to set a price and find a buyer. It’s a simple formula but not always a fast or easy process. Some cars are easier to sell than others, especially those that:
- Are in high demand.
- Have only a few thousand miles on the odometer.
- Are in good condition.
- Come with modern and premium add-ons.
Listing a car on digital marketplaces such as Facebook Marketplace and Craigslist will be effective in finding thousands of potential buyers as millions of people frequent these sites daily.
If you don’t want to go the digital route, you can try to sell the old-fashion way:
- Asking local businesses if you can post your “for sale” ad on their bulletin boards
- Taping your ad on lamp posts and street signs
- Reaching to mechanical schools
- Placing a sign on your car window
- Placing signs around with your contact information and a picture of your vehicle
Who Is Responsible for Towing?
Once you finally get your junk car sold, you have to deal with the hard part: towing. If your car is in decent shape and still runs, then this might not be an issue for you as you may be able to simply drive the car to its new owner.
However, if your automobile is not functioning or is not safe to operate, it will need towing to its new home. But this is where things can get complicated.
Towing can be pricey, especially if your car needs to travel a long distance. Sending your non-running car across town might not break the bank but towing to another city can cost hundreds or thousands. It’s likely that neither you nor the buyer wants to pay such a high cost to transfer a heavy piece of machinery.
The best course of action is to discuss splitting the cost with the buyer. This should be part of your negotiation when discussing the price of the car. He or she may be willing to pay more for the car if you foot the towing bill. On the other hand, they might ask for a lower price if they agree to pay for pickup.
Will DamagedCars Purchase My Vehicle?
While there are many buyers out there, not all of them are about to offer both a great offer and fast service. DamagedCars.com provides both. We purchase damaged cars in all conditions and pay fairly for them. Better yet, we provide free pick-up of your vehicle from wherever it sits.
Our process is easier and faster than creating a listing for your car. All you need to do is input information about your vehicle into our online form. In 90 seconds, you will have a fair-market offer even if your car is non-running or damaged. Then, just press accept.
In 24 to 48 hours, a local tow driver will arrive with your check. They will hand you the check and they just need your car title and keys. You could have your car sold with money in your picket in two days or less when you sell to DamagedCars.
Get your guaranteed, no-obligation quote today!