Listly by Mary Shorey
Here are some tips on buying, selling and making money out of junk vehicles.
5 Tips for Selling Junk Cars for Cash Selling junk cars for the most money is a simple research process. Find out how to get top dollar for your car. Selling junk cars for scrap or parts to a business that pays cash for auto salvage is a good way to realize some of your car's value.
Selling junk cars may not be an obvious option to owners of vehicles that no longer drive or are in deplorable run-down. After all, who wants a vehicle that your neighbors may find offensive because it's located on the block? Here are some tips that can help anyone who may be thinking about selling a junk car.
Buying a salvage car is a teeter-totter, with your time, money and effort on one side and the car on the other. If the car's value outweighs everything you have to put into it, it may be a deal. But how can you tell if a salvage car is worth buying?
Do you have a car that has been sitting in your yard for awhile and you don't know what to do with it? Has it seen it's last days? You may be thinking that the car has so much wrong with it that it is not worth fixing or restoring.
As soon as you drive off the lot in your new car, it depreciates in value by about 15%, and continues to depreciate by about 15% every year thereafter. After about 10 years, the vehicle is almost worthless, especially if you bought it used. But almost worthless isn't completely worthless.
"Trade-In Value" - What a car dealership claims your car is worth when they are buying it, which seems to usually be around $50. OK, so maybe I made the definition up and exaggerated a little bit, but you know what I mean.
While junk cars might no longer be functional or barely running, they can still fetch a decent price depending on their condition, weight, and the features that the vehicle possesses. You can either donate your car to a non profit for tax...
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