Did you realize only about 60% of Americans don't have $500 in their savings account? This can put people into a very tough spot when they encounter an unexpected expense.
If you ever find yourself in this position, there is one way that you can get your hands on cash fast. Selling a junk car is one of the quickest ways to get access to money in a hurry.
Before you do it, though, learn how to sell a junk car so you're able to get as much cash as possible. By putting in a bit of effort you can put hundreds of dollars into your pocket.
Check out the steps you should take when you're interested in selling a junk car below.
Look at the Different Junk Car Buyers in Your Area
Old cars are the most recycled consumer products in the entire world right now. In the U.S. alone, more than 25 million tons of materials are recycled from junk cars every year.
Because of this, there is no shortage of junk car buyers out there. You probably have plenty of options operating in your general area.
When you're first trying to figure out how to sell a junk car, go online and look around for companies that pay cash for junk cars. You should be able to find at least a dozen buyers in your city or town.
Poke around on each company's website to see what they're all about, and read lots of online reviews for them, too. Within an hour, have a list of junk car buyers that you would consider working with.
Obtain Offers From as Many Junk Car Buyers as You Can
Once you've tracked down a bunch of junk car buyers in your area that you might want to work with, it'll be time to get some offers from them rolling in. It's simple enough to get offers from these buyers in a matter of minutes.
Most junk car buyers have a special section on their website set up for those who wish to sell their junk cars. Find this section and input some basic information about your car.
This information will include:
The make and model of your junk car
The year that it was produced
The condition of certain parts in and on your car
The mileage that you've put on your car
After you've punched in this info, junk car buyers can provide you with an offer on the spot in most cases. Write the offer you get from each junk car buyer in your area.
Accept the Best Offer You Can Find From a Junk Car Buyer
In a perfect world, try to get anywhere from five to ten offers from junk car buyers. This will allow you to get a good idea as far as how much your junk car could be worth.
Once you've gone through this process, you can pick out the offer that looks the best to you. It should be one of the strongest offers from one of the best companies on your list.
Accept this offer and touch base with the junk car buyer that made it. They can schedule a time to come out to your home to pick up your car from you. They'll tow it right from your driveway so you don't have to worry about doing a thing.
Prepare for Your Junk Car to Be Picked Up From Your Home
Prior to the arrival of your junk car buyer at your home, there are a few things you should do to get your car ready to go.
Start by going through your car and removing any of your personal possessions from it. From clothing and shoes to important documents and emergency car kits, you likely have a bit of everything in your car.
You need not clean your car out completely. But remove anything from it you might want since you will have a hard time getting it back later if you don't do this.
Next, remove your license plates from your junk car and have them returned to your local DMV. This will prevent your license plates from falling into the wrong hands once your junk car leaves your property.
Cancel any auto insurance policies that you might have on your vehicle, too. Since you won't own your junk car the moment it leaves your driveway, there won't be a need to insure it anymore.
You should also clear a path so that the tow truck that comes to pick up your car can get to it without running into too much trouble. This will make it easy for a junk car buyer to pick up your car, pay you, and be on their way.
Sign Your Title Over to a Junk Car Buyer and Collect Your Cash
When your junk car buyer arrives at your home, they may give your car a once-over to make sure it's in the condition that you said it was in when you obtained an offer for it.
As long as everything checks out, you can sign the title for your car over to your junk car buyer and collect payment for it. You'll earn some much-needed cash without doing too much work on your part.
Knowing How to Sell a Junk Car Can Earn You More Money
If you don't know how to sell a junk car the right way, you could leave a lot of money on the table when you do it. There are some people who take the first offer they get for a car and fail to bring in as much money as they should.
Look for the right junk car buyers in your area and get as many offers for your car as you can. This will allow you to accept the best offer and get your car off your property quickly in exchange for cash.
Check out our blog for more tips on selling a car.
Before you sell your junk car for money – or peanuts in some cases - you may also consider keeping it and take a loan against it on top as well. For useful more information, you can check loanonyourcar.com