Junk Car in Miami – In the course of your life, having a car can be an invaluable necessity. You need your car to get around, to get to your job, to buy groceries, to maintain your social life and stay in touch with your family. However, having the car itself is not invaluable and can be very expensive. You pay for gas, repairs, yearly tune-ups, and everyone knows a car loses half of its appreciation once it’s bought and driven off the lot. Understandably, you want to get your money’s worth out of your car, and now you’re at that point that it’s a piece of junk and it’s more expensive (and possibly dangerous) for you to hang on to. So, how much money can you get for your junk car in Miami?
First of all, you need to have your title in order to sell your car to the junkyard. All you need to do is sign the “Transfer of Title by Seller” to legitimize the sale. In Florida, if you don’t have the title for whatever reason, don’t sweat it. You just need to fill out a form from the Highway Safety and Motor Vehicles Department, which can easily be found linked on their website.
Now that you can prove you own the car, you can sell it. Of course, the amount of money that you’ll get for your junk car in Miami depends on the condition it’s in. In most cases, a seller will buy it regardless of how bad it is so long as there are still salvageable parts. If your car is wrecked or rusted out or flat out doesn’t work anymore and doesn’t have salvageable parts, you can get as little as $50 for it. However, the price can go up from there if the car is still in working condition or can still be stripped for steel and working parts.
The main way junkyards and junk car salvaging companies will determine much your car is worth is going to be based on 3 factors: year, make, and model of your car, its current condition, and the current going price for scrap metal. Unfortunately, the price of scrap metal hasn’t fared well in recent years, but that doesn’t mean you can’t get money for your clunker.
One good rule of thumb to remember is that most salvage cars can cost around 20-40% of their used value. If you’re looking to sell your car yourself, this is a good way to estimate how much you can sell your car for. Again, though, that’s just a ballpark number, and the year/make/model, condition, and current price for scrap metal are still going to be major factors in how much you’ll get back. Another way to determine the price is to get a quote from a salvage yard. In this case, location is going to be another factor weighing in on the price. If you live close to the salvage yard, it’s going to cost less to have the vehicle towed, making the sale more profitable for you. Also, if your car is a hot commodity in your area and junkyards want it to salvage, then you can probably get more money than a car that absolutely no one wants.