When a car has reached the end of its mechanical life, the signs are unmistakable. Repeated trips to the mechanic and recurring breakdowns are signs that it’s time to let go and move on. For most people, trading in a clunker for a newer, more reliable model is their first instinct.
A car’s value is based upon its overall condition, and the selling price or trade-in value is determined by a variety of factors that determine its worth. Whether the car is running or not, there are dealers and scrap yards who purchase cars for their parts. And it is possible that a seller can benefit more from selling a car for its parts than from trading it in and applying the amount towards another car.
In Florida, there is no shortage of businesses offering to pay cash for a car whether it is running or not. But not all are reputable and established, and even fewer of them offer the best price for that old car. Before agreeing to sell, consider selling your vehicle to U Pull & Save in Florida. Listed below are three tips we hope will help you determine the best buyer for an old vehicle.
Bill of Sale
Reputable salvage yard operators provide a bill of sale for the transaction, and pay cash or offer a check at the time of the sale. Always sign over the title of the car to make the transaction legal when selling the vehicle to the scrapyard, and do not accept delayed payment.
If selling a wrecked car for salvage, Florida law requires that the seller apply for a certificate of salvage certificate title. Also, state laws require that the seller remove the license plate from the car and surrender it to the Florida DMV.
According to the U.S. Environmental Protection Agency, 8 million cars and 5 million trucks are recycled every year. A conscientious salvage yard complies with federal and state guidelines when salvaging and recycling automobiles, due to the toxic nature of some of their components. The fluids from a car—transmission fluid, brake fluid, washer fluid, gasoline, and oil—pollute the ground water, the air, and the land. Mercury found in a car’s switches, lamps, and navigation devices, in addition to asbestos found in brake shoes and clutches, are just a few examples of other chemicals that are included in the car’s parts. In fact, a single vehicle contains from 5 to 10 gallons of fluid that can cause serious environmental hazards if not disposed of in a way that is compliant with the laws. Reputable dealers do business in an environmentally responsible way.
Be suspicious of a scrapyard that quotes the value of the vehicle at zero. Unscrupulous dealers will appraise the car, say it is worth nothing, and then offer a free tow as if doing the seller a favor. Do some research, and find out what sort of value the car may hold. Any car can be sold for scrap metal, even if it is rusted and neglected, and hasn’t run for years. Ask for firm quotes before agreeing to sell. Reputable dealers will have no problem making a solid offer—and throwing in a free tow, if the car is inoperable.
Do some homework. Know the value of the car before trying to make a deal to sell it. In addition to the year, make, and model, know the options it offers—leather seats, navigation system, keyless entry—any feature that increases its value. Get the best deal for your old vehicle by selling it to U Pull & Save.