How Will I Lower My Auto Premiums?
Written by on April 28, 2023
Before you start looking for buyers, go through the vehicle for any important or valuable personal items. A key element is whether the car is running or not. This can help to determine if it’s worth the effort to go further in the cleaning process. A good general wash can either hurt or increase the salvage value, however, most recyclers shouldn’t care as it just depends on what they’re planning to do with the vehicle. A general scrapper will simply rip everything out to be crushed. Some yards look at the car on a part-by-part basis where the quality of individual elements such as the engine, is important. Those with an eco-friendly vibe may want to remove fluids such as oil, coolant and gasoline as well.
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If what you are hunting has small parts like screws and washers, take a Ziploc baggy with you too. This will make sure you don’t lose them somewhere in the junkyard!
What do you need to know if you want to pursue this option? Start by visiting area junkyards and telling them about the tires that you have. Be sure to be completely honest about the condition, as this will dictate the price. See what they will offer, and then try to negotiate a better price. In general, used tires should bring in 25 to 50 percent of the actual retail value of a similar used tire. If you are not happy with the price, shop around until you find a better one.
The next question on your mind would be how do I sell my car? Once you have located a few reputable car salvage companies, you can provide them a detail or let them inspect the car. Based on their evaluation, they will provide you bids for what they want to pay for the car. You can generate anything between $200 – $400 depending on the condition of the car and some extra specialty parts you may have placed in it.
Who can go to one? Because of the risk involved, insurance salvage auto auctions are only open to car dealers that have a valid license. But, you can become friends with a local dealer that might take you along with them to their next auction. 9 times out of 10 they’ll charge you a fee though.
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