By reviewing all sections in Indiana Code § 9-22-5, you will learn everything you need to know about scrapping junk cars in our state. This literature can come with some confusing industry and legal jargon, making it difficult to fully understand the laws surrounding scrapping motor vehicles in Indiana. For this reason, we have compiled some fundamental facts and information derived from the Indiana Code for a brief rundown of what you can expect.
Continue reading to review them now!
Scrapping Motor Vehicles – IC § 9-22-5-1.1
Here are some important points to take into consideration when scrapping a vehicle in Indiana:
You May Need a Certificate of Authority
According to the BMV, “A person who owns a vehicle that has a certificate of title that is faulty, lost, or destroyed, or who is the possessor of an abandoned vehicle may apply to the BMV for authority to sell, give away, or dispose of the vehicle for scrap metal without applying for a certificate of title. An approved Certificate of Authority – Disposal of a Motor Vehicle – State Form 55018 must be provided to the automotive salvage recycler, or other appropriate facility when disposing of the vehicle.”
You Need Proof of Ownership
In order to sell a junk car to a scrapper, you will need to prove ownership. According to IC § 9-22-3-4.4, “ (…)A copy of a certificate of title endorsed under IC 9-17-3-3.4 constitutes proof of transfer of ownership under subdivision (2).”
Try to Understand Fair Market Value
Fair market value is defined in IC § 9-22-3-2 as, “(1) the average trade-in value found in the National Automobile Dealers Association (NADA) Official Used Car Guide, vehicle valuations determined by CCC Information Services, Inc. (CCC), or valuations determined by such other authorities as are approved by the bureau; or (2) the fair market value determined by the bureau upon request.”
Avoid a Class C Misdemeanor
According to IC § 9-18.1-4-8, it is a Class C misdemeanor if a person, “knowingly sells, offers to sell, buys, possesses, or offers as genuine a certificate of registration for a vehicle that is required to be issued by the bureau and has not been issued by the (1) bureau under this article; or (2)appropriate governmental authority of another state.”
Learn More About Selling a Junk Car in Indiana
When you really just don’t know who to trust when it comes to scrapping a salvaged vehicle in Indiana, simply go with the best. Contact GC’s Junk Cars at 317-608-2188 to request a free, over-the-phone quote, or more information regarding the junk car selling process. Whether your vehicle runs or not, we are ready to make you an excellent offer and take it off your hands for free. We have an in-house tow truck that will come directly to your location to pick up your junk car.