Junking Your Car? Two Tips To Help You Get More Money For It

Selling your car to a junkyard is a great way to make some quick cash.  Not only will you typically be paid the same day, many salvage lots will also come out to tow the car to the facility, and you get the added benefits of freeing up space in front of your home, as well as no longer having to pay for things such as registration.  Although you may not think that there is much you can do to influence the amount of money that you receive for your car, there are certain techniques that can help you net a larger gain.  Use this information to learn more about how you can get the most money when you junk your car.

Determine If You Should Sell Whole, Or In Parts

The first thing you should do when you want to get the most money for your car is to determine if you should sell the car whole, or if it will be more profitable to sell the parts.  This is an important distinction, because you may find that dismantling the car and selling the workable parts brings in a larger haul.

For example, if your car has a working transmission, there may be a demand for rebuilt or used transmissions in your area.  After you've called around to a few salvage lots to find out the going rate for your vehicle, use your favorite Internet search engine to determine the value of a working transmission.  If it will be more profitable for you to extract the transmission and sell it by itself, you can post the part for sale on a community message board.

Look Beyond Your Community

Another step that you should take when junking your car is to always look beyond your community.  Car recycling works off of basic supply and demand cycles, so you may find that you're able to get more money for your car if you junk it in a different location.

For instance, there may be an influx of people junking their cars after a flood or some other environmental issue causes irreparable damage to the vehicles.  If this is the case, car scrappers will typically offer a lower rate since their is such a large supply of cars.  However, if you're willing to look at nearby cities and towns that were not affected by the natural disaster, you may find that the decreased supply gets you a larger profit.

Getting the most for your car doesn't have to be difficult if you know what to do.  The next time you're ready to junk your car, keep these tips in mind so you can maximize your return. For more information, contact a company like TVM Recycling.