The Rising Costs of Owning a Vehicle

If you’re a driver, then you know that the costs of auto repair can be pretty high. But what you may not realize is that the total cost of owning and operating a vehicle can be even higher. In fact, according to a new study from AAA, the average cost of owning and operating a vehicle in the United States is now $8,849 per year.

That’s right – the average cost of owning and operating a vehicle in the United States is now over $8,000 per year. And that number is only going to go up as the years go by. So, what’s driving up the cost of owning a car? Well, there are a few factors. Let’s scroll down to continue exploring this intriguing topic.

Call Our Indianapolis Auto Salvage Yard at 317-608-2188 Today!
Call Our Indianapolis Auto Salvage Yard at 317-608-2188 Today!

Cost Breakdown For Car Ownership

Gas Prices are Insane

For one, the cost of gasoline has been on the rise in recent years. In fact, according to AAA, the average price of gasoline in the United States is now $2.64 per gallon. That’s up from $2.51 per gallon just a year ago. And as gas prices continue to rise, and so too will the cost of owning and operating a vehicle.

Car Insurance Isn’t Getting Cheaper

Another factor driving up the cost of car ownership is the cost of auto insurance. According to AAA, the average cost of auto insurance in the United States is now $1,555 per year. That’s up from $1,503 just a year ago. And as the costs of auto insurance continue to rise, so too will the cost of owning a car.

Auto Maintenance is Pricey

Finally, the cost of vehicle maintenance and repairs is also on the rise. According to AAA, the average cost of maintaining and repairing a vehicle in the United States is now $1,049 per year. That’s up from $1,021 just a year ago. And as the costs of vehicle maintenance and repairs continue to rise, so will the cost of owning a vehicle too.

Reconsider Buying a Car That is Brand New

So, what does all this mean for you? Well, if you’re thinking about buying a new car, you might want to think twice. The cost of owning and operating a vehicle is only going to go up in the years to come. And that means that your monthly car payment is only going to get higher and higher.

How to Save Money on Car Ownership Expenses

But don’t worry, there are still ways to save money on your vehicle ownership costs. For one, you can always buy a used car instead of a new one. Used cars are often much cheaper to own and operate than new cars. And they can still get you from point A to point B just as easily as a new car can.

You can also save money on your car ownership costs by shopping around for the best deals on auto insurance. There are a number of different auto insurance companies out there, and each one offers its own set of rates and discounts.

Do you have a car that is not worth investing any more money into? Would you like to make fast cash by selling your junk car? Contact GC’s Junk Cars at 317-608-2188 to get started on the car selling process, today! Our Indianapolis IN junk car buyers pay cash on the spot for all vehicles, no matter the condition! Plus, we offer free junk car removal! No hidden fees, ever!

Related Posts:

Is My Car Totaled If It Is Over 50 Percent Damaged?
How to Assess Your Junk Car’s Worth
How to Make More Money the Easy Way

How Long Do Vehicles Last?

How long do cars last? It’s a question we hear a lot, and unfortunately, there’s no easy answer. Cars are complex machines with many different parts, and each part has its own lifespan. So, when it comes to figuring out how long a car will last, it really depends on a number of factors.

Continue below to learn which factors impact the total lifespan of a car or truck, from the date it is manufactured to the time it has driven its very last mile. Stick around to the end for a bonus tip on how to make the most out of a junk car that is no longer worth repairing!

Your Trusted Indianapolis Scrap Yard! Call 317-608-2188 Today!
Your Trusted Indianapolis Scrap Yard! Call 317-608-2188 Today!

Factors That Impact the Lifespan of a Car or Truck

What influences the number of years a car or truck will last after it is built and sold to its first owner? Well, there are a number of variables to consider when estimating this automotive timeline. The first factor is the quality of the car. A high-quality car that’s well-made and uses high-quality parts is likely to last longer than a lower-quality car. The second factor is how the car is used. A car that’s driven gently and regularly serviced is likely to last longer than a car that’s driven hard and not serviced as often.

The third factor is the environment. A car that’s driven in a hot climate is likely to have a shorter lifespan than a car that’s driven in a cooler climate. And finally, the fourth factor is luck. Some cars just seem to last forever, while others have problems early on and don’t make it to their full potential.

So, when you’re wondering how long a car will last, keep these factors in mind. There’s no easy answer, but with a little bit of knowledge, you can get a better idea of what to expect from your vehicle. With that being said, at some point in time your vehicle will be totaled, meaning its current market value is below the cost to maintain it as an operational vehicle. In the automotive insurance industry, this is referred to as a total loss vehicle.

Total Loss Vehicles and Insurance Standards

A total loss vehicle is one that is so damaged, it’s not economical or safe to repair. When a car is totaled, the insurance company pays you the market value of your car minus the deductible on your policy. If you still owe money on the car, the lender will get paid first from the insurance payout. You may be able to buy back your totaled car from the insurance company, but it’s usually not worth it. Total loss claims are one of the most common claims made on auto insurance policies.

If your vehicle is not insured, you can choose to scrap it at a local Indianapolis auto salvage yard and get paid for its actual cash value. You can then put your earnings toward a new vehicle purchase. Not only junk car sales profitable for you as the junk car owner, but it is also a magnificent effort toward one of the most critical global efforts to preserve our natural resources, create jobs, boost the economy, and much more. Just be sure to choose a qualified and reputable Cash for Cars Company in Indianapolis to get the best payout, the most convenient amenities, and assurance that your junk car will be recycled responsibly.

Are you ready to learn how much your junk car will get you? Contact GC’s Junk Cars at 317-608-2188 to sell your junk car in Indianapolis, Indiana for cash on the spot! We provide free junk car removal, so we come to you!

Related Posts:

What You Can Do With an Old Car
Why Did the Car Dealership Give Me a Low Trade-In Value?
How to Make the Most From a Failed Car Restoration Project

Do Scrap Metal Prices Matter When Selling a Junk Car?

If you’re looking to get the best price for your junk car in Indianapolis, it’s important to keep an eye on the scrap metal market and understand how such prices fluctuate. Continue below to learn why scrap metal values are a critical element in determining the total value of a junk car, plus where to get the most cash for junk cars in Indiana.

Sell a Junked Car in Indianapolis Indiana 317-608-2188
Sell a Junked Car in Indianapolis Indiana 317-608-2188

The Variations in Scrap Metal Prices

The prices of scrap metal can vary greatly, depending on the type of metal and the current market conditions. Generally speaking, however, the cash value of a junk car is directly proportional to the price of scrap metal. In other words, if scrap metal prices are high, the cash value of a junk car will be high as well; if scrap metal prices are low, the cash value of a junk car will be correspondingly low.

The current scrap metal prices in the Indianapolis area are quite reasonable. You will likely get a good amount of money for your scrap metal without having to worry about haggling too much. This is great news for those of us who are trying to make some extra money by recycling our old metals, especially junk cars.

Metal in Junk Cars

There’s a lot of metal in a junk car. Enough to make it worth your while to scrap it if you’re looking to make some quick cash. But how much metal is actually in a junk car? A typical junk car contains about 1,000 pounds of steel and iron. This doesn’t include the weight of other metals like copper, aluminum, and lead. So, if you’re looking to scrap a junk car in Indianapolis, you could stand to make a decent chunk of change!

Of course, the amount of money you’ll make from scrapping your junk car will depend on the current market value of metals. But regardless of the market conditions, there’s always going to be a decent amount of metal in a junk car. So, if you’re looking to get rid of an old car or clunker, scrapping it is always worth considering.

How to Learn Your Junk Car Value

To get the most accurate estimate of your junk car’s value, it’s best to check with a local Indianapolis auto salvage yard or junk car buyer. They will be able to give you the most up-to-date information on current scrap metal prices, as well as provide you with an estimate of how much your car is worth.

Are you ready to get in touch with an Indy-based junk car buyer right now? Contact GC’s Junk Cars at 317-608-2188 to get started with the junk car selling process in Indiana. We serve all of Central Indiana, including Avon, Bloomington, Greenfield, and Zionsville.

Related Posts:

How to Assess Your Junk Car’s Worth
How Much Does it Cost to Tow a Junk Car?
Facts About Junk Cars and Actual Cash Value

Do I Need to Get an Oil Change?

The car’s oil is one of the most important fluids, and it needs to be changed regularly in order to keep the car running properly. If you’re unsure whether or not your car needs an oil change, it’s always best to consult with a professional mechanic. They can help you determine if it’s time for a change, and they can also perform the task for you.

In the meantime, continue below to learn the common signs that suggest you need an oil change, why oil changes are important, and what might happen if you skip your regularly-scheduled oil change service.

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

When to Change Your Oil

There are a few different signs that suggest you need an oil change, so it’s important to be aware of them. One common sign that your car needs an oil change is if the oil level is low. You can check this by looking at the dipstick; if the oil level is below the minimum line, then it’s time for a change. Another sign is if the oil looks dark and dirty. This means that it’s not doing its job of lubricating and cooling the engine as effectively, so it needs to be replaced.

If your car’s engine is making strange noises, this can also be a sign that the oil needs to be changed. If you notice any knocking or ticking sounds, it’s best to get it checked out by a mechanic. Finally, if your car is due for an oil change according to the manufacturer’s schedule, then it’s definitely time to get it done. Don’t put it off, as old, dirty oil can cause serious damage to your engine.

Refer to the Owners’ Manual for Your Oil Change Schedule

Oil changes are an important part of maintaining your vehicle. Not only do they keep your engine running smoothly, but they also help to prolong the life of your car. Depending on your driving habits, you should change your oil every 3,000 to 5,000 miles. However, it’s always best to consult your owner’s manual to see what the specific recommendation is for your car. You can also ask your handy automotive mechanic for their advice.

What to Expect From Oil Change Service

When you bring your car in for an oil change, a team of certified technicians will drain the old oil and replace it with fresh, new oil. They will also check your other fluids and make sure that your tires are properly inflated. All of this helps to keep your car running at peak performance. So, don’t put off your oil change any longer. Schedule an appointment as recommended by your owners’ manual or mechanic so that you can keep your car on the road for miles to come.

Consequences of Driving With Low or No Oil

If you drive with low oil, it can cause your engine to seize up. This means that the engine will no longer be able to turn over, and you will not be able to start your car. If this happens, it can cause serious damage to your engine. In some cases, it may even require a new engine. This can sometimes cost more than what your car is actually worth. In this case, consider selling a totaled car to an Indianapolis junk car buyer for cash on the spot.

Is your car totaled because of a broken down engine? Contact GC’s Junk Cars at 317-608-2188 to sell a junk car in Indianapolis, Indiana. We offer free junk car removal, so all you have to do is call and accept our offer! Request a free estimate, today.

Related Posts:

Why is My Check Engine Light Flashing?
Is My Car Totaled if the Engine Blew?
Vital Car Fluids and What You Need to Know About Them

What You Need to Know About Your Fire Damaged Vehicle

If your car catches fire, there are some things you need to know about insurance coverage and the claims process. Since there are different scenarios that can cause a car to catch fire, you can expect to come across different limits of coverage and procedure for each. Continue reading to learn some basic information about car insurance claims and coverage in the case that a vehicle is burned down in a fire.

Car Scrappers Indianapolis Indiana 317-608-2188
Car Scrappers Indianapolis Indiana 317-608-2188

Not All Car Fires Render a Totaled Car

Car fires will clearly do a lot of damage to a vehicle. In most cases, cars are rendered a total loss after an engine or chassis fire. Fortunately, most insurance policies offer additional coverage for fires. This is called “comprehensive coverage”, and it will cover damages caused by a fire regardless of how the blaze occurred. However, this type of coverage must be purchased before a fire occurs. Some of the most common causes for automotive fires include car accidents, engine fires, garage fires, and arson.

Motor Vehicle Accidents

Motor vehicle accidents are one of the most common causes for car fires. Serious vehicular collisions and accidents can damage fuel lines and fuel tanks, which leads to gasoline leakages. A tiny spark from metal colliding together is all it takes for combustion to happen. This is often the reason why fires break out after a car accident.

In terms of insurance coverage, the answer can be complex. Depending on how the blaze occurred and the parameters of your coverage, the damage could fall under comprehensive or collision. It is necessary to discuss this with your insurance adjuster to learn the details pertaining to your particular policy. If you do not have collision coverage insurance, there is still a possibility that it could be covered under comprehensive.

Garage Fires

In the case of garage fires, which are more common than you think, vehicles can experience a severe amount of damage. Most of the time, they are rendered totaled. Because garage fires are commonly caused by a household hazard or malfunction, people tend to assume that homeowners’ insurance will cover the damages to their vehicles; but the truth is that homeowners’ insurance never covers vehicles. Instead, cars damaged in garage fires are only covered under comprehensive coverage.

Engine Fires

Engine fires generally result in a total loss vehicle. That is because the cost to purchase and install a new engine is often close to the actual cash value of the vehicle. In this case, comprehensive coverage will cover engine fires. However, it is important to know that car insurance policies do not typically cover mechanical defects in car engines. Fires are the exception to this rule. Whether a vehicle is a total loss or not, a car insurance policy will likely pay the actual cash value of the vehicle minus the owner’s insurance deductible.

Arson

There’s not much to say about the criminal act of arson, except that it does happen to vehicles and the damages can be covered by car insurance policies. Comprehensive coverage covers vandalism, so if a vehicle is intentionally set on fire, the damages are covered so long as a police report is made.

Sell a Burned Car in Indianapolis for Cash on the Spot

If your car is damaged in a fire, you likely have a total loss vehicle on your hands. Sell your totaled car for cash on the spot to a local junk car buyer. They will pay you cash for the actual cash value of your vehicle. This is sometimes more than what you can get from your insurance company!

Not sure which Cash for Cars Company in Indy to trust for the highest junk car payout? Contact GC’s Junk Cars at 317-608-2188 to speak with a licensed and qualified junk car buyer about scrapping a burned vehicle in Indianapolis, Indiana. We provide free phone quotes and junk car removal!

Related Posts:

Can I Sell a Car That Was Submerged in Water?
Is My Car Totaled If It Is Over 50 Percent Damaged?
What You Need to Know About Liability Car Insurance Coverage

Why is My Check Engine Light Flashing?

Uh oh. Your Check Engine Light icon just lit up. And instead of being the usual solid symbol or phrase, it is flashing. Is this nothing to worry about? Does this mean something serious? Continue below to learn some of the most common reasons why Check Engine Lights come on, including the meanings behind solid and flashing symbols.

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

Check Engine Light Diagnosis

Before diving into the difference between a flashing Check Engine Light and a solid one, let’s cover some of the most common reasons why Check Engine Lights illuminate in the first place. Answer some questions, like “Did you just add fuel to your tank with gas?” or “Did your car jolt or vibrate the last time you drove it?” The answers to these questions can help you narrow down the cause behind the symbol. If you forgot to tighten your gas cap all the way, for instance, your car’s onboard computer system will trigger the Check Engine Light to turn on. If you felt a jolting, jerking, or vibrating movement from your car the last time you drove it, the culprit could be a quick fix like a worn spark plug.

Flashing Check Engine Light Versus Solid

For most vehicles, the Check Engine Light will illuminate in all its glory as a solid symbol or phrase to warn against minor to moderate problems. Some vehicles have a Check Engine Light that comes up solid or flashing. In vehicles that only have a solid Check Engine Light symbol, the color of the icon might change from sun colors to red to indicate a more serious issue.

If the symbol or phrase are flashing, it generally indicates a more serious problem. A flashing Check Engine Light suggests that you have an automotive emergency and should have your vehicle towed, that’s right, towed to the nearest mechanic shop for diagnosis. Driving with the Check Engine Light on is dangerous because it poses several safety risks, but also does a lot of damage to a vehicle.

Common reasons for a flashing Check Engine Light are engine misfiring and overheating. Both of these mechanical defects can do significant damage to the internal parts of the engine block, including cylinders, pistons, spark plugs, and more.

Red Check Engine Light

As mentioned, in addition to solid and flashing, Check Engine Lights can also be different colors, which might signify different types of mechanical needs. In most vehicles, a yellow or orange Check Engine Light denotes a minor to moderate mechanical, safety, or performance issue in a vehicle. If the light turns red, it is indicating an automotive repair emergency. In this case, a car should never be driven.

Did your car’s diagnosis come back totaled? Not to worry! You can still make a generous profit by selling it to a trusted Cash for Cars Company near you! Contact GC’s Junk Cars at 317-608-2188 to speak with a certified Indianapolis junk car buyer for details on how to get started! We offer free junk car removal and accept all old or broken auto parts!

Related Posts:

How to Tell if Your Car Has Bad Spark Plugs
Does a Check Engine Light Mean My Car is Totaled?
Frequently Asked Questions About Engine Flushes

What You Can Do With an Old Car

An old car that does not run anymore probably doesn’t serve you any purpose. But it can serve a purpose for someone else! For this reason, there are several viable ways to get rid of an old car you no longer want. Continue reading to learn the best options for getting rid of an old, broken down car in Indianapolis.

Junk Car Buyers Near Me Indianapolis Indiana 317-608-2188
Junk Car Buyers Near Me Indianapolis Indiana 317-608-2188

How to Get Rid of an Old Car That Does Not Run

Believe it or not, your old car can still be put to good use. Depending on what’s available to you, you can choose to trade it in, repair it, donate it, sell it as is, part it out, or junk it. Review some common advantages and disadvantages of each option below to better understand which route is most compatible with your objectives.

You Can Trade It in to the Dealership

Trading in an old car to the dealership is not an option for everyone. Not all dealerships take trade-ins, and the ones that do generally have very strict guidelines for the vehicles they accept. If your old car is in decent condition and still runs, your dealership might give you the trade-in value along with any current promotions or buying incentives. This is beneficial because it can help lower the cost of a new car.

You Can Have It Repaired

If your old car is still in pretty good condition but doesn’t run, you can choose to have it repaired. After some factory scheduled maintenance and parts replacements, you can get your car up and running again. The downside to this option is the cost. Old cars will generally need a lot of repairs and several parts replaced to make it operational. If your old car is a classic or has sentimental value, it could certainly be worth the investment.

You Can Sell it “As Is”

If you don’t want to mess with the hassle of getting rid of an old car, you can simply list it and sell it as is. This means you sell the vehicle without doing any type of maintenance or repair to it before signing it over to another person. You can choose to sell your old car privately, online, or at a local dealership that accepts broken down cars.

You Can Dismantled and Sell its Parts

With an old car, you always have the option of parting it out. This means you would hire a mechanic to dismantle the vehicle piece by piece, then you would personally list each part for sale, either online or in the classified ads. The downside to this tedious nature of the product, and the hassle of listing, negotiating, and selling each part. The upside is the profit. You can typically make more money from parting out of vehicle than you can selling it as is, but only if you can somehow abate the cost of hiring a mechanic.

You Can Donate It

Car donations are a philanthropic option for those who like to give back to their community. You can donate your old car to your church, to the Salvation Army, to a veteran’s organization, or to an auto recycling center. Not only is this a benevolent way to get rid of an old car, but it is also tax-deductible.

You Can Sell it to a Junk Car Buyer

If your old car is totally junked and there is no hope in repairing it back to an operational condition, your easiest option is to junk it at a local auto salvage yard. If you choose a reputable and responsible Indianapolis cash for cars company, you might also enjoy free towing service, a high payout, and friendly assistance.

But which junk car buying business can offer all of you all of these amenities and more? Contact GC’s Junk Cars at 317-608-2188 to sell a junk car for cash 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!

Related Posts:

Why Did the Car Dealership Give Me a Low Trade-In Value?
3 Things You Can Do With Old Car Parts
How to Make the Most From a Failed Car Restoration Project

The Difference Between Chop Shops and Auto Salvage Yards

Many people misinterpret the operations and intentions of an auto salvage yard. Those even more misinformed compare auto salvage businesses to chop shops. But these misinterpretations could not be farther from the truth. Continue below to learn the true and significant differences between chop shops and auto salvage yards, and why the distinction is so important.

Junk Car Company Indianapolis Indiana 317-608-2188
Junk Car Company Indianapolis Indiana 317-608-2188

A Chop Chop is NOT the Same as an Auto Salvage Yard

Chop Shops

Chop shops are illegal garages run by criminals, namely organized crime syndicates, who employ mechanics to dismantle car parts from stolen vehicles and sell them on the black market. Chop shops are an illegal operation that take advantage of innocent victimized by grand theft auto. Although most people who steal cars tend to dump them after their joyride is through, many others sell them to chop shops. So, you can instantly see how chop shops are nothing like auto salvage yards.

Auto Salvage Yards

Auto salvage yards are legally operated businesses that accept junked and totaled vehicles for auto recycling and repurposing applications. Such businesses adhere to local, state, and EPA guidelines for safe and responsible auto scrapping and recycling. Not only do they pay the public for junk cars and similar motorized commodities, which is excellent for the economy, but they also dismantle junk cars for refurbishable car parts that can be sold at a discounted price to the general public. They responsibly process all remaining scrap metal, which is a significant environmental benefit of auto recycling.

Much of the metal taken from junked cars, mostly iron and steel but also aluminum, copper, and even precious metals like platinum and gold, are repurposed back into newer car parts. The steel and iron are recycled from vehicles is often used to construct bridges, appliances, road signs, and much more. Junk cars and scrap vehicles also contain a lot of plastic, which is properly repurposed into new plastic commodities. Tires and batteries are recycled too.

If you have a totaled car, truck, or motorized commodity like a tractor or forklift, it has not gone to waste. Contact a reputable Indianapolis auto salvage yard to get a free quote for your scrap asset. You can earn up to $500 for junk car! By choosing the right junk car buying business, you can enjoy free junk car removal and the highest cash payout around. A responsible and well-established Cash For Cars Company in Indianapolis will have the adequate capital to pay out the full value of your junk vehicle, plus deliver a wide range of amenities that make the junk car selling process easy and convenient for you.

Not sure which junk car buying professionals will offer you this level of service and convenience? Well, you’ve already found them! Contact GC’s Junk Cars at 317-608-2188 to sell a junk car for cash 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!

Related Posts:

What the Law Says About Scrapping Cars in Indiana
Facts About the National Motor Vehicle Title Information System
3 Things You Can Do With Old Car Parts

Can I Choose to Keep My Car After Totaling It?

For most, car accidents are emotionally-draining experiences. But with proper insurance coverage, they do not have to be financially-draining. Learn your options for keeping a totaled car, and how to do so without committing fraud with your insurance company.

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

When is a Vehicle Totaled?

A vehicle is considered “totaled” when the cost to repair it back to its previous condition is more than the current value of the vehicle. Insurance companies and car manufacturers have stringent procedures and requisites in place to determine these values. With a totaled vehicle on your hands, you may feel like you are at a total loss; however, if you have insurance, you should be just fine depending on the level of coverage your policy provides.

With full coverage insurance, you can expect to receive money from your insurance provider to repair the damages, or to settle the note with the lien holder and cover the cost of a new vehicle of equal current value. If you have liability coverage, you will mostly likely receive less from your insurance provider and have to pay more out of pocket.

Uninsured or Underinsured Drivers

If you do not have insurance, your best option is to junk the vehicle for cash and apply your profit toward a new car purchase. You can do this by contacting a trusted junk car buyer and requesting a free phone estimate. If you accept their offer, they will usually come pick up your vehicle at no extra charge! Only reputable and highly professional junk car buying companies offer this kind of service.

Insurance Claims and Totaled Cars

If your insurance company marks your car totaled, they will take your vehicle and give you a check for the current value. However, if you want to keep your totaled vehicle, you must inform your insurance company. In this case, you can expect to receive less money for the vehicle.  If you were to accept money from the insurance company, and then keep your vehicle, you could be found guilty of insurance fraud depending on the specifics of your situation.

Some policies allow people to keep their totaled vehicle, while others include language that does not permit this at all. It is important to talk to your insurance provider and learn the details of what your policy covers and what it does not. Do this before an accident occurs so that you make better decisions regarding what you can do with a totaled car.

Did you total your car, but it is not covered by enough or any auto insurance? Contact GC’s Junk Cars at 317-608-2188 to sell your junk car for cash on the spot to one of our Indianapolis junk car buyers! We even offer free junk removal!

Related Posts:

General Qualities of a Total Loss Car
What To Do After a Total Loss Car Accident
Common Descriptions for Salvaged Car Titles

Why Did the Car Dealership Give Me a Low Trade-In Value?

When you take your car into the dealership to trade it in for a new one, nothing is more disappointing than hearing that your trade-in value is not enough to cover the car you had in mind, or any for that matter. How do car dealerships determine trade-in value? Why did they offer you so little for your trade-in? Is their offer fair? Is it possible to increase your car’s trade-in price? These are all important questions to explore to better avoid falling victim to a low-ball offer from the dealer.

Continue reading to learn more about car dealership trade-in factors, including the scale used to generate offers.

Auto Salvage Yard Indianapolis Indiana 317-608-2188
Auto Salvage Yard Indianapolis Indiana 317-608-2188

Dealership Trade-In Values Will Always Be Less Than a Private Sale

It is important to understand that you will always make less from a dealership trade-in than you would by selling your vehicle to a private buyer. Those who prefer dealer trade-ins over private car sales are typically well-off, economically, and do not mind the loss they take for the sake of convenience. Others might prefer this route if they have limited time to make the sale or if they are temporarily located for work.

How Car Dealers Calculate Trade-In Pricing

There are many factors that dealerships rely on to generate a trade-in price for a vehicle. Of all the various factors, the top three factors that will have the most impact are: 1) the current demand for the particular make and model car; 2) the current condition of the car, including the mileage; and 3) the extent of needed repairs or replacements.

With these factors in mind, you can understand what you can do to increase your car’s trade-in value. Something as simple as washing and detailing your vehicle can get you a better offer. You can also make any small repairs or replacements, even if it’s just new windshield wipers and floor mats or removing bumper stickers.

Lastly, be sure to look up your make and model’s current market value using a trusted resource like Kelly Blue Book (KBB) or VehicleHistory.com. Use these portals to compare your findings to the dealer’s offer. This knowledge will protect you from being taken advantage of by a large, commercial dealership.

Alternative to Dealer Trade-Ins

You can choose to sell your car to a trusted and experienced Indianapolis auto salvage lot that would pay you for the scrap value of your vehicle. Not only do they retain the proper resources and equipment to generate an accurate offer, but they pay cash on the spot and provide free car pick-up.

Would you like an easy and profitable way to sell a car in Indy? Contact GC’s Junk Cars at 317-608-2188 to get started on the car selling process, today! Our Indianapolis IN junk car buyers pay cash on the spot for all vehicles, no matter the condition! Plus, we offer free junk car removal! No hidden fees, ever!

Related Posts:

Is My Car Totaled If It Is Over 50 Percent Damaged?
How to Assess Your Junk Car’s Worth
How to Make More Money the Easy Way