Three Things To Know About Selling A Car As Junk

Three Things To Know About Selling A Car As Junk

18 October 2017
 Categories: Industrial & Manufacturing, Blog

Keeping a car that is not running is often more hassle than it is worth. There are many people who have cars sitting in their yard that are not working and require too many repairs to get back on the road. Selling the car as a junk car can be a great way to get it out of your yard and make a little bit of money at the same time. Learn a few things you need to know about selling a junk car in the guide that follows.

Selling Your Junk Car Can Save You Money

When you have a car registered in your name, there are some areas that require you to pay property tax on the car. The amount that you have to pay can vary, but once you sell the car, you will not have to worry about paying for taxes on the car again in the future.

You can also save money by no longer having to have insurance on the car. Some jurisdictions require you to keep a car insured for the entire time it is registered in your name.  

Selling Your Junk Car Can Get You Money Quickly

When you sell a car for junk, you will get paid for it. You will not get anywhere near the amount of money that you would be able to get for the car if you were to sell it privately. You can still get a hundred or so dollars for it that you can put toward anything you want.

You Do Not Have to Repair the Car

When you sell the car, it does not have to be running. Let the company know that the car is not in working condition and they can bring a tow truck to haul it away. This allows you to avoid having to potentially waste money on repairs that you would have to make if you tried to sell it to someone else.

Once you sell the car as junk it will be gone for good. You can get a letter from the company stating that they purchased the car from you as a junk vehicle. You can then turn that letter over to the Department of Motor Vehicles so that you can have the registration removed from the vehicle. Once the registration is removed you can remove the insurance and start enjoying the money you will save each year.