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If you have a car that's severely damaged and can no longer be driven, it may just be sitting in the driveway. A better option is to sell it for cash, which doesn't have to be that difficult if you take these tips into account.
Assess the Value
Before you start considering cash offers for your vehicle, you first need to assess the value of your car. This way, you can get the most amount of money for it no matter who ends up buying your car.
There are many ways you can see how much your damaged car is worth. Probably the easiest method is talking to an auto repair shop. They'll be able to assess the damage and calculate an accurate figure based on your vehicle's make and model. Make sure you get multiple estimates, so that you can establish an accurate baseline.
You can also use online calculators, which will have you enter vehicle information and provide damage reports. In a matter of seconds, you'll receive fairly accurate valuations.
Gather the Right Documents
Even though your damaged car may not run anymore, you still need to prove you own it before undergoing any transaction. The best way to prove ownership is to get the title to the vehicle. You'll also want to bring proof of registration and any license plates that came with your car.
Finally, be sure to grab paperwork that details the condition of your vehicle. This way, when you find the right buyer, you can show them right away what's wrong; with this information, they'll be more understanding of why you're pricing the vehicle the way you are.
Line Up the Perfect Buyer
One of the most important aspects of selling your damaged vehicle is lining up the right buyer, thankfully, there are many options. You could take the more traditional route and talk to auto mechanics looking for spare parts. They may also be interested in buying your car because they think they can restore it fully; this happens a lot with classic cars.
Another viable option is taking your vehicle to a salvage yard. Like mechanics, they may want your car because parts may still be in great condition. Often times, salvage yards will pay you cash. There are also services that will take the vehicle off your hands from your property, so you don't have to worry about any transportation issues if you decide to junk your car.
Even if your vehicle is no longer operable, you can still salvage this situation by selling its parts for cash. As long as you make the right preparations before talking to buyers, you can maximize the amount of money you make.Share
7 April 2018