You’ll also want to accompany the proof of ownership with an original bill of sale. This can take almost any form, as most DMVs do not supply official bills of sale. It needs to include the name of the buyer and the seller, the VIN of the vehicle in question, the date, the make and model of the vehicle and the price.
When I decided to sell my car, I had no idea how much it would go for. A friend told me to check the market value that prevailed at the time. This was easy, as I got a fair idea by going through classified ads in newspapers and on the web. Once I got that figured out, it became simple for me to set a selling price for my car.
Initially, you have to call the rescue car companies in your locality. Inquire about the rates they pay for junk cars. Upon contact with these companies, ask about their requirements for a scrap car. Many companies have a requirement to get the wheels removed. Many times gas tanks are also required to be removed as well. Some accept them without removing the wheels; however, the valuation price will be lower.
When you do put an ad in a newspaper or magazine, make sure to talk the car up. You do not want people to know you hated the car or it was a piece of junk. Say things like “a great family vehicle,” “in really good condition,” or “like brand new.” You want people to know they are getting a deal by purchasing your Jaguar.
There is a list of factors, which will determine how much you will get for your junk car. Such factors are car’s model, age, condition, etc. Obviously, the more popular and reliable models, like Toyota or Honda would cost more, as a lot of people own such cars, which means that their parts will be in high demand. That is why salvage yards offer more 2001 honda civic ex for this kind.
500 for junk cars Now on the other hand, if you’re trying to help out a friend that needs a car you can both agree on a set price. Let say the car is worth $10,000 and you agree to sell it to them for $7,000 because you want to help them out. So be it. Your friend should be very happy and pleased with the deal.
When I went broke, my wife and I were sharing a car. My friend let me use a piece-of-junk car for a while. It was horrible! But, I was set in my mind to not borrow money. I ended up saving like crazy, and what I would have put into a car payment, I ended up saving toward a new car. It was the best thing I could have done for myself.
