The Real Way to Maximize Your Profit When Selling a Junk Car

A junked car, truck, van, boat, trailer, camper, tractor, bulldozer, forklift, golf cart, and any other motorized commodity is worth money. That is, if you find the right type of buyer. In fact, you can double your advantage by making a profit and getting rid of space-consuming junk, all at once! However, it is important to know your options so that you can make the best decision for your junk car. There are two primary options for selling a junk vehicle. The option you choose will depend on your personal preference and available resources, and render a different profit level.

Continue reading to learn your options for making the most money from your junk commodity.

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Sell Each Individual Car Part

If you want to make the highest level of profit possible for your junk car, you can choose to sell it part for part. However, you will need a true car mechanic that has the tools and knowledge to disassemble your vehicle, piece by piece, without jeopardizing their value or performance level. They will need to start by inspecting the vehicle to determine which parts are still functional and which are junked. Then they must take it apart while preserving each piece.

Why Many Do Not Recommend Selling a Junk Car Part By Part…

The downside is that you likely have to pay a mechanic to do this, which takes away from your total profit. Furthermore, you would have to take the time to post each part for sale, as well as manage each individual transaction yourself. This is time-consuming and somewhat inconvenient. For others, this is a fun and exciting project that is totally possible to accomplish. It all depends on your personal preference, resources, and availability.

Sell the Whole Car as One

The most common way to make a profit from a junk vehicle is to sell it as a whole. Although you make less than selling it part for part, it is the preferred method for a reason. Not only is this much easier and more convenient, but it also saves a lot of time while still rendering a decent profit. It is important to find the right buyer if you want to make as much as you can from selling your entire junk car.

Find a Central Indiana junk car buyer who has the technologies capable of assessing the true value of your vehicle. Electronic platform scales are something you want to look for in a junk car buyer. These buyers usually pay cash on the spot, and will even pick up your car for free. Just be sure to ask which amenities they offer, how much they are willing to pay you for your vehicle, and how soon they can do business.

Make the Most Money in Indianapolis and Sell Your Junk Car to Us!

Call GC’s Junk Cars at 317-608-2188 to sell a junk car in Indianapolis for the highest profit possible. Our Indianapolis junk car buyers accept any and all junk cars and car parts in Central Indiana, regardless of age, make, model, or condition. For those who wish to sell a junk car, we offer free towing with our in-house tow truck, so all you have to do is call and accept our offer! Call 317-608-2188 to request a free estimate, anytime!

GC’s Junk Cars
GC’s Junk Cars 317-608-2188

Do I Have to Notify My Insurance Company to Sell My Junk Car?

When it comes time to sell a car, whether a brand new model or an antique automobile, your first thought might be regarding your insurance coverage. That is, if you even have any at the moment. Continue reading to learn how a junk car is deemed a total loss, and when selling one requires you to contact your insurance carrier in Indiana.

Indianapolis Junk Car Buyers
Indianapolis Junk Car Buyers 317-608-2188

Total Loss Junk Cars

When a car is damaged, and the cost to repair the damage exceeds the vehicle’s overall value, an insurance company will consider it a totaled car, or total loss vehicle. For instance, if your car is worth $3,000 on the current market, but after your accident, the total cost of repairs is estimated to be $4,400, then the car is totaled. A car can only be deemed a total loss by the insurance company. An insurance adjuster will come out to inspect the vehicle and determine whether or not it is totaled.

You generally have two options when your car is deemed totaled by your insurance carrier. You can either file the claim to receive compensation from your insurance provider (the amount of compensation will depend on various factors, including your particular policy terms and the market value of your vehicle), or you can refuse to file it with your insurance and keep the car. If you choose to file a claim with your auto insurance carrier, they will take the vehicle, title, keys, and license plate out of your possession.

Notifying Your Insurance Company

If you plan to keep your total loss vehicle, and it is actively insured, you will need to notify your insurance company. If your junk car does not have any insurance coverage, so long as you are the lawful owner, you can sell it without notifying anyone. If the car is still registered, however, you will need to cancel the registration before selling it to a junk car buyer. If you file a claim with your insurance carrier and receive money to repair or replace your vehicle, but instead sell it, you could face legal penalties.

Where to Sell a Junk Car in Indianapolis, Indiana

Call GC’s Junk Cars at 317-608-2188 to get started on your free quote if you wish to sell a junk car in Indianapolis, Indiana. We offer free towing with our in-house tow truck, so all you have to do is call and accept our offer. We will schedule a time to pick up your vehicle, and then pay you cash on the spot. Request a free estimate, today!

GC’s Junk Cars
GC’s Junk Cars 317-608-2188