Do you have an old clunker of a car that you’re looking to off-load quickly? Cars are never an investment, but if you’re thinking of upgrading your wheels, it would be nice to get a bit of money for your old ride.
Some companies buy old or wrecked cars for cash, but it’s definitely a seller-beware type of industry. Read on for our guide to choosing cash car buyers that you can trust.
1. What’s Their Reputation Like?
Once you have a list of local buyers, try to establish how long each has been in business. If a company is really new to the industry, you can pretty confidently strike them off your list. Even if they are reputable, it’s a gamble for you, the seller, when the buyer doesn’t have a proven track record.
Next, do some digging.
Ask your friends and family for recommendations. Call the companies and ask about their services to gauge how confidently and courteously they respond to questions.
If they have a website, read client testimonials. But remember, these are almost always positive. It’s better to head to Google when reading online reviews that are unbiased.
2. Which Models Do They Buy?
Not every cash car buyer takes every model or make of car. For example, some dealers specialize in a specific model because they can on-sell salvaged parts to their network.
So when you’re selling cars for cash, you need to check the website of the companies you’re considering to see which types of vehicles they accept.
3. Are They Licensed?
Make sure any buyer you work with is licensed or permitted by the state to deal with scrap. By choosing to work with a licensed cash car buyer, you’re more likely to be able to trust the sale process.
4. Are They Close to You?
If you’re banking (literally) on selling cars quickly, choose a buyer near you. Not only will the transaction take place faster, but you may save money on towing fees. Taking a car from here to there costs money, mainly if it’s over a long distance, which can eat into the cash you make on the sale.
5. Is the Payment Process Transparent?
A reputable junk car buyer will have a transparent buying process. They’ll offer you a fair car price that’s broken down according to market demand for parts and materials. Also, check whether they offer cash or check payment; cash is the preferred method.
At the handover, go through the paperwork to make sure the documents are correct, vehicle ownership is clear, and the contract is signed or stamped as per legal requirements specific to your state.
Getting It Right When Choosing Cash Car Buyers
When it comes to choosing cash car buyers, it’s crucial to put the time into researching your options. While that starts with a Google search, you can’t just settle on the first result that pops up. Read reviews, get recommendations, interview the buyers, and go over the contract with a fine-tooth comb.
For more insights into the world of wheeled machines, browse the other articles on our website.