Selling Used Cars Vs Scrapping a Vehicle
Sell or scrap? When you’re dealing with an older vehicle, especially one that may have some mechanical issues or body damage, that’s the real question. Do you sell your vehicle as a used car that still runs, but just needs some serious TLC? Or do you scrap it because of the shape it’s in? Ultimately, you’d want to choose the one that leaves you with more cash in your wallet, so let’s review both options and find out what pros and cons lay in both options.
Why People Sell & Scrap Used Vehicles
Typically, the most common times a person is standing at this crossroads is just after a car accident, when mechanical issues are getting too bad for the vehicle to be driven, or when there are hidden issues that never seem to end and only serve to empty your pockets, like electrical problems with your car. It’s almost always at these points that a person needs to choose between selling a car to a used car buyer, or selling a junk vehicle to a scrap car removal company like More Cash For Scrap.
Another big reason people tend to want to sell junk vehicles to an auto recycling company or a scrapper is because of stagnancy. It’s a very common ailment to older vehicles that is often inflicted by their owners. Leaving vehicles that we’re no longer driving to sit outside not only depletes the value that is currently in our car, but it actually pushes our options for resale of that vehicle more towards the scrap car buyer option. Not only does weather have a major impact to the paint and body of a vehicle, it also increases exposure to leaks. Plus, not driving a vehicle whatsoever, causes important parts to seize like brakes and critical moving engine parts.
This is why it’s so important to choose the right car buying company when you are on the fence about whether or not to scrap or sell. So, let us explain in detail the what’s and why’s of both options.
How the Scrap Car Removal Option Works
When you contact a scrap car removal business, the first thing they do is get some basic details about the vehicle you are selling. Make, model, year, condition, and kilometers is usually the default criteria to get yourself a quote. After that, if you accept what they are offering, they come collect your vehicle, pay you for it, then take it off to a local metal recycling company where they will recycle your vehicle and most of its parts for scrap metal.
The plus side to this is that if your vehicle no longer runs, or has some substantial mechanical and electrical issues, you will at least be getting paid something for a vehicle that has only been costing you money. Not to mention that when you do choose to scrap your car with a local scrap car buying company, you’re helping keep nearly a ton of metal and toxic chemicals out of the ecosystem. When you have a professional and licensed used car buyer buy your scrap vehicle, they ensure it goes to a metal recycler that disposes of all parts of the vehicle in an ethical and environmentally friendly way.
How Selling a Used Car is Different
When you decide to sell your used car, often times you attempt to go the private sale route first. But after many weeks of haggling, endless back and forth emails and texts, and buyers trying to lowball you, you decide to check out a licensed used car buyer as an alternative.
The first stop many people make when selling a used car to a company is of course, a car dealership. Car dealerships don’t make money on used cars, so they don’t want to pay much when you are trying to sell your used car to them. Plus, car salesmen often just try to upsell you into buying a new vehicle from them, and then offer you even less for your used car as a trade in where they claim you’ll recoup some of your money with a “great finance rate”. None of this however results in the most cash in your pocket, so sometimes selling a used car to a dealership or to an individual isn’t the best choice for your bank account.
So, What’s The Verdict About Selling an Older Vehicle?
In both cases, you stand to get some money back. However, unless you have endless patience to try to get the most money out of selling your used car, you won’t get paid the most cash out of selling it unless you choose a very reliable used car buying service like our friends at Cash For Cars-BC. Companies like them specialize in buying used cars and they, like us, guarantee to pay you the most money for your used car. And if you approach them with a better offer, they will tell you honestly if you should accept the other offer, or they will often times try to meet or beat it.
The scrapping route is the shorter of the two, particularly if we are talking about older vehicles in rough shape. Again, you’ll want to sell your scrap car to a reputable, professional, and fully licensed scrap car buyer like More Cash For Scrap, and not just any Joe Shmoe. When you choose to scrap your car with us, we make sure that your car is recycled in the most environmentally friendly way possible, with the most parts being salvaged for a second life, we pick up your vehicle the same day that you accept our offer, and since 2005, we have been paying MORE cash for scrap cars than anyone else in the industry.