Take the Car Battery out from under the hood… Car batteries contain lead, which is what is known as, a non-ferrous metal that means it contains no iron. Most scrap yards will not allow you to sell your car to them with a battery in it anyway, however you can sell the car battery separately for more money, if you know where to go, these usually bring between $8.00-$15.00 apiece.
Here’s how it works. First you have a problem and need to arrange some form of car disposal to get rid of your junk or used car that won’t work, or won’t sell. Next you’re going to look for a junk car removal company that pays remove junk cars for cash such as the one at the bottom of this article. Once you contact them they’ll ask you a few questions about your car or truck and give you a quote right over the phone. If you accept the quote they’ll send over a car towing company to tow your car and you’ll get paid.
Get the ownership – This is important if your car is better than complete junk. This is because in such a case, it will not be sold as metal but as a proper car. In such a case, the paperwork will be necessary even if your car is very old. Also, if you do not have the ownership, the price will be lowered considerably. Therefore, make sure you get the title of the owner.
You don’t want to go to your local dealerships website and you definitely don’t want to go over to one of those free online classified sites that are full of scammers, criminals and slick hustlers who buy junk cars and resell them online for a huge profit. Stay far away from those guys, most of the time the title is still in the name of the person they bought the car from for a hundred bucks! At the government seized auto auctions online, you can browse cars that are in excellent condition and are only a few years old and are also selling for a hundred bucks and up! Really?
buy junk cars Another aspect is LTV. The Loan to Value ratio is a depiction of how much you owe vs. your car’s current value. Lenders understand that being a depreciating asset, a car’s LTV will be higher than 100%. But a very old car will have an exponentially high LTV value. This means there are higher chances of an up-side down loan. So, lenders stay away from cars older than 7 years.
True: in this depressed economy, many people are liquidating assets. However, the average person takes anywhere from 3 to 5 years to pay off for their vehicle. Unless the seller had more than one, or the vehicle had very low mileage, or is a classic car, you might be looking at a 5-year car with many worn parts. However, if you know the owner, his/her driving and or car-care habits, that is a completely different matter.
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