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4 Things You Need To Know About Selling A Junk Car For Cash

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Over time, even the most precious car can turn into a junk car. For example, your car may have been in an accident, or maybe too many parts are worn down for even being worth it to fix. When you can't drive your vehicle anymore, or you can't safely drive your vehicle anymore, it is time to get rid of your junk car. 

Establish Ownership of the Vehicle 

When it comes to selling a junk car, you need to be able to establish ownership of the vehicle. In order for you to legally sell the vehicle, you need to show that you own the vehicle. There are various ways you can establish ownership of the car. The most basic way to establish ownership is via a title of ownership. If you have lost the title of ownership, you can request a copy from your state's Secretary of State Office or Department of Motor Vehicles.  

There are other, more non-traditional ways, of establishing ownership of your vehicle. Other ways to establish ownership include a mechanic's lien, a repossession affidavit, an auto sales receipt, or even a storage lot lien. These are non-traditional ways you can establish your ownership of the car.  

Find a Salvage Lot or Scrap Yard 

The next thing you need to do is find a salvage lot or scrap yard that will take the vehicle for you. When looking for a scrap yard, look for lots that will provide free towing for your vehicle to the lot. That way, you don't have to cut into your profits by paying to tow the vehicle to the salvage yard you sell it to. 

Get Some Quotes 

Next, you need to get some quotes for your vehicle. Even when a vehicle is not in drivable condition, you are still going to want to get some quotes for the vehicle. Even a damaged vehicle often has lots of valuable parts you can get paid for. Try to get at least three different quotes so you can make the right decision.  

Get Paid in Cash 

When you find a scrap yard to sell your vehicle to, you are going to want to exchange documents of ownership and get paid in cash for your vehicle before you allow your vehicle to be towed away. Don't let the vehicle be towed until you have transferred ownership. 

When it comes to selling your junk car for cash, be sure you can prove you own the vehicle. Then, find a few salvage lots and get quotes from them. Once you find a scrap yard to sell your junk car to, be sure to transfer ownership and get paid in cash before your vehicle is taken away.

For more information about scrap yards, contact a company like Gutterman Iron & Metal Corp