A New VehicleA New Vehicle

Does a junk car have to be "junky" for someone to sell the vehicle to a "cash for old cars" buyer? No, because the car's owner could sell the vehicle to anyone who wants to buy it, including a junk car purchaser. Of course, no one would likely junk a vehicle that runs well and would-be private buyers willing to purchase it. However, a car could run well but has no resale value because of various factors. Selling the car to a cash-for-junk-cars business may be the better option when unloading an old, high-mileage model.

Resale Value Collapses

An old car may run quite well, but the model will depreciate as it ages. The manufacturing year counts for a lot when factoring in a vehicle's sale price, and a vehicle initially produced 15 years ago might not garner a reasonable sales figure. Make and model play a role, too. Some makes and models have little consumer interest as they age, even if they are reliable. So, getting $400 for such a vehicle could be challenging even if it is in perfect condition. The $400 figure might represent resale value on an old model that is in pristine condition, and a twenty-year-old vehicle is likely nowhere near excellent shape. Scratches, dents, and aftermarket parts would drive down the resale value. However, none of these issues matter to a junk car buyer since the junk service.

Junk Cars and Scrap Metal

Cars sold to a cash buyer typically serve as scrap metal that becomes utilized through recycling. However, some parts may be sold to those looking to replace a damaged component in their vehicle. Buying from a junk car yard allows them to replace the part without spending a lot of money. Someone may address a leaking, corroded radiator this way. So, whether the vehicle has any dents on its hood means little to a junk car buyer that intends to scrap the vehicle or sell off any usable parts. Expect them to weigh the vehicle and quote a price based on the number.

Mechanical Problems May Arise

The older car that runs okay might find itself dropping far down the "okay ladder" as it ages. Replacing old and worn parts could be too costly, but selling the vehicle to a private buyer could have other problems. The new owner may complain about a lemon or otherwise cause trouble. Why not sell the vehicle to a junk buyer and reduce worries about private sales?

To learn more, contact a junk car buyer in your area.