How Do I Sell a Broken Car?

Selling Your Broken Car: Options and Tips

If your car is broken, you have several options to sell it. Assess the level of repair your car requires. If repairs exceed the car’s value, selling or trading it in won’t get you much.

Online Car Buying Services

• Consider online car buying services. They offer free quotes, pick up and remove the vehicle, and handle paperwork. You must provide basic information like make, model, year, condition, and location. These services can expedite the selling process within 48 hours.

Effective Advertising

• Advertise online to reach buyers willing to repair the car themselves. Provide detailed descriptions and photos showcasing damage to attract serious buyers.
• Research the car’s value using online appraisal tools to set a reasonable asking price given its condition.
• Remove personal items beforehand so buyers focus on the car itself.
• Be present during showings to answer questions.
• Consider repairs that align with selling price to boost value.

Alternative Options

• Junkyards also purchase non-working vehicles for parts and materials.
• Know your options to get the best possible deal selling your broken car.

Best Places to Sell a Damaged Car

The list below highlights the seven main best places to sell damaged cars, along with their pros and cons to help you make an informed decision.

1. Online Classifieds

   • Pros:
     • Expose car to many people
   • Cons:
     • Unlikely to get the best price
     • Inconvenient process

2. Car Buying Services

   • Pros:
     • Convenient
     • Quick sale
   • Cons:
     • Unlikely to get the best price

3. Junkyards

   • Pros:
     • Purchase vehicles in as-is condition
   • Cons:
     • Low purchase offers
     • Inconvenient process

4. Car Repair Shops

   • Pros:
     • Get a better sale price
   • Cons:
     • Expensive to get repairs
     • Likely more time-consuming

5. Dealers

   • Pros:
     • Potential to trade in the vehicle
   • Cons:
     • Condition limits
     • Low-value offers

6. Donate to Charity

   • Pros:
     • Easy process
     • Tax deduction eligibility
   • Cons:
     • Get $0 for the vehicle

7. Sell Privately

   • Pros:
     • Potential for the best sale price
   • Cons:
     • Very time-consuming
     • Deal with tire-kickers

Getting Money Out of a Broken Car

Selling your car might be the best option. Much of the time collision repairs are too costly when measured against the value of the car.

Assess the Situation & Determine Fault

1. Assess the Situation: After an accident, ensure everyone’s safety, call the authorities, and exchange insurance information with the other party.
2. Determine Fault: Understanding who is at fault is crucial for seeking compensation.

Selling to a Reputable Company

• Sell to a reputable car buying company to avoid scammers.
• Some companies will tow the car for free, while others may require you to have it towed to their location.
• Payment methods vary by company; some may pay cash on the spot, others may send a check or transfer funds electronically.

Factors Influencing the Sale Price of a Broken Car

If you sell your car privately, to a restorer, or to dealerships, the amount you can make depends on the type of car, its year, make, model, condition, and market demand. Car wreckers will buy any car for its weight and/or available parts. Prices range depending on weight and current scrap metal prices.

Know Your Vehicle’s Condition

• Understand the level of damage to your vehicle when considering selling to a junkyard.
• Review your insurance policy to find out what is covered and choose the best solution for your situation.

DIY Accident Compensation

• Handle accident compensation yourself without a lawyer.
• Document the accident and steps to compensation, especially if there are medical expenses involved.

Donating a Non-Running Vehicle

• Contact a local charity to donate your vehicle, many handle the entire process, including towing.

Selling a Car without a Logbook

• You cannot sell a damaged or broken car without a title.