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Can I trade in a junk car? Will dealerships take any car as a trade in?
What do car dealers do with junk trade ins?
This post will answer those questions as well as more!
Trading in a junk car doesn't have to be a hassle. With the right information as well as the right game plan, you can trade in your junk car with ease!
So, let's explore the options you have to trading your junk car!
Can I trade in a junk car?
One of the most common dilemmas facing new car buyers is whether to trade their existing vehicle to a dealer or sell that vehicle on their own. To answer this dilemma, is to first ask yourself: “What kind of vehicle do I have?” The second question to ask yourself is: “What condition is that vehicle in?”
For persons with a popular model of car, you may find that a private sale may garner more profit. You may find that your old vehicle has the features and options that car buyers want. But if you have a car that does not meet those criteria and isn’t very popular, then you may think about trading your vehicle in.
What will a car dealership accept?
Generally, a car dealership will accept any car in any condition. Most don’t care about rust, dings, damage or even rips or stains that may be on the upholstery. Even if you have a non-running car, you can have your car towed in as part of the trade.
Now of course you won't get top dollar for the car, but at least you will rid yourself of the vehicle.
Additionally, in this day and time, trading a car in to the dealer is simple. Most of the time, it only takes a few moments to trade in a car and sometimes, dealerships are open on Saturdays and Sundays.
Trade In Junk Car- Understanding a junk car trade in program
Many dealerships as well as auto places have trade-in programs for junk cars.
The objective is to get older cars off of the road or to recycle as much as possible to save on resources, create jobs and help save the Earth.
Once you trade in your old car or truck, you will get a voucher towards the purchase or even the least of a new vehicle with better mileage.
The more efficient mileage of the new car, the more money you’ll get towards the purchase of a new vehicle.
Trade in Junk Car For Used Car
Trading in your current car to a local dealership is a quick as well as easy way to get rid of it, when the time comes to lease or buy a great used car.
You are basically selling your old car to the dealer. And the amount that dealer pays you will go toward the price of your next car.
What exactly is a trade in? How does it work?
Trading in a car is the act of taking a vehicle you have and then offering that vehicle to a dealership. The objective is to give the car in exchange for a for credit toward the price of another car that you have your eye on and that you want to purchase.
Usually, a trade-in can be any kind vehicle that has value. But the car’s condition will determine the amount of money the trade in garners you. In fact, there are many factors that determine the value of your trade-in.
These include the car’s:
- Year, make and mode
- The vehicle mileage,
- Condition of the car and other factors.
We all know that moment a new car leaves the lot, it begins to depreciate or lose its value. This continues year after year, until eventually, the car has no resale value.
Your car’s resale value is the highest amount that you’re likely to receive during the trade-in. Vehicles tend to depreciate the fastest during the first five years of ownership.
The workings of a trade-in
When you walk into the dealership with your existing vehicle, that vehicle already has a “trade-in value” with the dealer. And this is based on the market value of the automobile. This credit can lower the price of your new purchase a lot.
The trade-in value is the amount of money that a car dealer is willing to offer you toward the purchase price of a new or even a great used car, in exchange for your old vehicle. Depending upon the quality of your trade-in, the savings you see can top out in to the thousands. With that trade in, you may have a great lower price. And that lower overall price also means a lower car payment if you plan on financing the purchase of your new car or great older car.
Trade in Junk Car Dealership- How Much Can I Expect from My Trade-In Vehicle?
We’re going to be honest here. Most trade-ins will no get you Blue Book Value even if you have a great car that is in the most perfect condition ever.
Why? Well this is because that price would leave no room for dealer profit on resale. And it is important that you know that very few used cars qualify for full market price.
Because of this, lots of sellers decide to just sell their car privately. But with a trade-in, you may be able to negotiate.
Trade In Junk Car- How Can I Maximize Trade-In Value?
In order to obtain the best trade-in value possible, make sure that your car looks its best. You want to present a clean as well as detailed car. When you take your car for the trade-in, you are likely to see more money for a clean and kept car, than a poorly maintained one. For a junk car, you have to remember to take all of your personal items out of the car.
Junk Yard Trade Car In – How Much Do Junkyards Pay for Vehicles?
Letting go of a vehicle can be difficult, but keeping a junk car may prove to be hazardous. For a car that needs lots of repairs, is barely running or severely damaged, selling to a local junkyard may be the ticket.
You may find comfort in knowing that every junk car is worth something. The sale of yours my not make you rich, but it is worth something.
Factors that Determine How Much Junkyards Pay for Vehicles
Check out what junkyards will look for as you look to trade in your junk car for cash.
Year, Make and Model
This trio is one of the first that a junk yard looks at, when you bring your car in for a trade in. Your junk car’s year, make, and model of the car help junk yards establish the current market value of the car and its parts. Although the Kelley Blue Book value of the used car can be helpful, you will find that your junk car will be valued differently at a junk yard.
You will find this to be true especially if you have a junk car with lots of problems.
Weight
When you're looking to trade in that junk car, the junk dealer will also look at the car's weight.
Your car’s weight determines an estimate of the amount of scrap material that agents can take and recycle from your car. Generally, the average car has about 2,400 pounds of steel as well as about 300 pounds of aluminum. Lots of cars may be lighter or heavier or lighter. And because of such, this will affect how much your car is worth.
Condition
Sure you have a junk car that you are looking to trade in, but the junk yard owner will still look at the car's condition.
If your junk car has just a few issues that prevent it from running smoothly, you may ask for more cash. But if that car is a complete clunker, then, you may decide not to do that. Even though your car is a junk car, its specific condition still plays a role in the amount of money you get. Junk yard dealers are looking to make a profit. So, if they can restore the car and sell it, they may opt to do just that.
The Price of Scrap Metal
As someone who wants to sell a junk car, you have to know what the current price of scrap metal is and you have to know it changes hourly. Even vehicles that aren’t worth salvaging can still be turned into scrap metal. And all of that metal can in turn be sold and recycled into new items.
Which Car Parts Are Most Valuable to Trade-In in Junk Yards?
For most cars that are wrecked cars, there are parts on them that can still be worth some great cash. Check out some of the top car parts that can be taken off of a junk car and sold for a great profit.
Doors
If you have a junk car but the doors on the car are completely intact, you may be looking at some great cash! You may also be looking at a great payday if all of the parts on the door are working properly. Lots of people take a car door apart and sell the items separately. So, when you talk about selling the whole unit, you’re talking about some value!
Catalytic Converters
The catalytic converters in junk cars are very valuable and every great mechanic knows this. A catalytic converter is valuable for two reasons. The first, is that they fall out from under the vehicle and they have to be replaced immediately. And the second reason is because they contain precious metals. You will find that a catalytic converter has metals such as need to be replaced right away. Second, they contain precious metals such as platinum, rhodium and/or palladium. With all of that, you have a very valuable part!
Fenders
Fenders are some of the sturdiest metal components on your junk car. And their sole purpose is protecting the wheels and other front and rear areas of your car. For this reason, this makes them a valuable commodity. And you are looking a great payday, if you can get them in stellar condition.
Rims, Wheels and Tires
These three have lots of resale value and can even be sold to recycling centers. Your wheels are made of rubber that can be recycled into asphalt or even new rubbers. And you may be able to count on a great payday for those wheels especially if they are aluminum wheels.
Air Bags
For a junk car that has airbags that were not deployed, you may be able to see some cash from those unused airbags. In an effort to save some money, lots of people will opt to buy an unused airbag. Lots of places will sell airbags in perfectly good shape.
Trade in Or Junk My Car – Which Is Best?
When it comes down to trading or junking your car, you have to decide what is best for you. There are certainly pluses and minuses to both.
But, check out a few of these tips for getting the most money for your junk car.
Don’t fall for any traps
Lots of times, junk car sellers rush and believe that trading in their junk car or selling it in a hurry is what has to be done. This is not true. Be sure to take your time and talk to a multitude of companies. Chances are, if you have a junk car and it is a real clunker, then the dealership may have no real interest buying it. And the offer you get may not be what you hope. And you have to watch junkyards that may choose to pull a “fast one” on you too. Know the value of your car and know the price of scrap metal. Be a knowledgeable junk car seller and confidently approach everyone you offer your car to.
Don't take computer offers
Given today's technology, everyone has the ability to type in a few items and return to you with an offer. Don't take those computer offers. Instead, negotiate for a few more dollars.
Don’t get fooled by the quick offer and the baits that these places leave.
Sell your car to a reputable company
Cash Cars Buyer offers great money on junk cars. As a licensed, bonded and insured company, you can confidently sell your junk car to us!
We offer:
- Cash on the spot
- An instant offer on your car, followed by a guaranteed offer
- FREE junk car removal, once we buy your junk car
- No hidden fees
- The ability to buy a car without a title, and more!
