What Do I Need to Know to Sell a Salvage Title Car at a Profit?
So somehow you wound up owning a vehicle with a salvage title. Usually, this happens when an insurance company or governmental authority thinks the vehicle isn’t safe to drive and can’t easily be made so.
You can’t register or insure a vehicle with a salvage title, and it’s hard to sell one because of fewer potential buyers. So here’s what you need to know about selling a vehicle with a salvage title and making money off of the deal.
Is Selling Salvage Cars Profitable?
Selling vehicles with a salvage title can be a way to make money if you can find the right buyer at the right time. That can be a challenge since the market is much bigger for used cars than it is for vehicles with salvage titles.
Where Is the Best Place to Sell a Salvage Title Car?
You’ve got several options to consider if you want to sell a vehicle with a salvage title. Here are some of them, and the pros and cons to keep in mind.
Local Vehicle Salvage Businesses - Local scrap yards can be easy to find and specialize in salvage cars. The downside is that not all of them can pick up your car. They’ll also base their offer on just the local market.
Recyclers – These businesses buy salvage title vehicles to reuse viable parts and raw materials like steel, aluminum and plastic. Recyclers can be harder to find and may not be able to pick up your vehicle quickly.
Charities – Many charities will provide you with a tax deduction for the fair market value of your vehicle. This won’t provide you with money immediately, and they also may not be able to promptly pick up your salvage car.
CashforCars.com – We buy vehicles in any condition, even those that salvage titles. We’re part of Copart, a global leader in all online auto auctions, and will re-sell your vehicle to buyers around the world.
With 250+ locations in north America, one is likely conveniently near you so we can often pick up salvage cars and deliver payment promptly.
Just get your free, no-obligation offer by filling out the online form or calling us, accept the offer, and schedule a time for us to pick up your vehicle & title and deliver your payment.
Is It Legal to Sell a Car With a Salvage Title in States Like Texas?
Some states like Texas restrict who can purchase vehicles with salvage titles. Different states may require a salvage dealer’s license, a salvage card, or may let anyone purchase salvage vehicles.
Be sure to check with your local state laws and check the credentials of any perspective buyers. You can usually verify licenses for free on government websites.
Cash for Cars resells the salvage vehicles we purchase on Copart.com, which verifies eligibility for all bidders before they are allowed to join any auctions.
What Company Pays the Most for Junk Cars?
Cash for Cars can often give the most competitive offer for salvage vehicles because we know what the current market price is based on thousands of sales in daily auctions on Copart.com.
We sell salvage to a global audience that brings together many kinds of buyers, including parts & materials recyclers and hobbyists looking for parts or project cars. This competition often brings higher sale prices, which allows us to offer you more money for your salvage car.
How Do I Sell My Salvage Car to Cash for Cars?
We try to keep the process simple when it comes to selling any vehicle to Cash for Cars.
- Get an Offer – Fill out the online form or give us a call with your VIN and/or basic vehicle information. Be sure to specify the vehicle has a salvage title.
- Accept the Offer – You can accept our offer immediately or consider it for a few days. Our offers are good for 7 days so there’s no pressure.
- Schedule Pickup & Payment – Set up a time that’s convenient for you for a transporter to pick up your salvage vehicle & title and deliver your payment.
- We work hard to keep the entire process fast, safe & easy. Find out how much money you can make from your salvage vehicle by getting your free offer today.
