Each year thousands of cars are damaged due to road accidents. And most often the car owners are stuck with these damaged vehicles. But if you think carefully, these wrecked or damaged cars can actually bring you some hard cash. There is a huge market of cash for damaged cars in Melbourne. Selling your wrecked vehicle for cash not only helps you get rid of the problem but also helps you in your financials. Wondering how to go about it? Here we have listed details on how and where you can sell your damaged vehicle and what prices can you expect for them.
How Can I Get Money Out of a Broken Car?
You will be surprised to know that there is a huge market for broken automobiles. Buyers pay good money for wrecked cars. Often people purchase defunct cars for cheap parts or auto restoration projects.
What is the Best Place to Sell a Damaged Car?
So, your old ride is not utterly useless. It can still be of some worth to you. Here is a list of places where you can sell a damaged car in Melbourne, Australia.
1. Sell Your Car “As-In”
For badly crashed cars, the best option is to sell them “As-In”. This means you’re selling the car in its current condition, including any damages. Be transparent about the car’s state, and there might be buyers interested in purchasing it for a lower price, considering the repairs needed. You can hire a vehicle assessor or research the market to estimate the true value of your car.
2. Trade-in Your Broken Car
Another popular option among damaged car sellers is trading in the vehicle. There are a few dealerships that deal with broken or damaged cars. Among other things, this option saves you valuable time and effort required to make a private sale. Also, you can carry forward this exchange through online platforms or direct car dealers.
3. Sell the Parts of the Broken Car
For cars that have gone beyond the point of repair, another option is selling off their useful parts to private buyers. Many auto repair shops procure spare parts for themselves. Some car enthusiasts and mechanics look for specific components like engines, transmissions, or body panels. Remember to carry out a thorough vehicle inspection by an experienced mechanic to assess the right price of the spare parts. You can also get the mechanic to help you salvage the good parts from the car body.
4. Selling to Junkyard
If you are not willing to carry all this hard work by yourself, you can always sell your vehicle to a junkyard. They assess the value of your car based on its weight and the materials they can salvage. They specialise in buying old cars, sorting out the salvageable parts, and reselling them for the right price.
5. Sell the Car for Scrap
Scrap Yards buy your old car as metal in bulk. They assess your vehicle purely by weight and offer a price based on that. While this might not yield a high profit, it’s an eco-friendly way to dispose of your car, as the metal can be recycled.
How Much Can I Get for My Damaged Car?
Determining how much you can get for your damaged car depends on several factors. Here’s a breakdown to help you understand:
Extent of Damage: The more severe the damage, the lower the value. Cars with minor dents or cosmetic damage generally fetch a higher price compared to those with significant structural issues.
Vehicle’s Make and Model: Certain makes and models hold their value better, even when damaged. Popular brands might still have demand for their parts, contributing to a higher price.
Car’s Age: Older cars typically have a lower value as they require extensive repairs. Newer damaged cars might have higher value due to the availability of relatively new parts.
Salvageable Parts: If your car has parts in good condition, like the engine, transmission, or electronics, these can be sold separately, increasing your overall earnings.
If you are looking for a quick resolution, the cash-for-car option is perfect for you. The cash-for-car companies can come to your doorstep, assess your car and offer you an estimate. Once both parties agree on the terms, you will get the payment on the spot and the company representative will pick up the junk car for free.
What Should I Do Before I Sell My Damaged Car?
Congratulations! You are ready to sell your damaged car. Here is a checklist you can follow to prep your damaged automobile for sale:
- Remove Personal Belongings: Ensure you remove all personal items from the vehicle.
- Organise Documents: Gather the paperwork, including the title and registration
- Consider a Professional Evaluation: Get the car appraised to get accurate estimates for the value
- Be Honest About Damage: Describe damage accurately to potential buyers.
- Prepare for Negotiations: Negotiate the price to get the best deals. Be prepared to discuss the price reasonably, keeping in mind the car’s condition and its fair market value.We can understand you have to go through a lot to sell your wrecked car. Any damages and dents on the car can lower its value, and bring down its overall price. But there is an easy solution. KS Cash For Cars, offers you the best price upfront for your junk vehicle and free vehicle pickups. Here’s why you should choose us to take your accident-damaged car off your hands:
- No-obligation quotes for your vehicle
- Fast and efficient processing
- Instant and top cash payments
- Friendly customer service
- Expertise in various damage types
- Free towing services
- Available 24/7 support
Do you have a wrecked car sitting on your property? You can sell your broken car to us instead and make some money out of it. You can call us on 0457 343 419 or email us at firstname.lastname@example.org to get the best cash-for-cars service.