A misconception that many people have is that junk car buying companies only purchase beat up and broken vehicles. This is untrue. Many junk car buyers will also buy newer cars, trucks and SUVs in good condition for fair market value as many work with local auction houses, used car dealerships and export companies. While junk car buyers advertise $500 cash payments for vehicles, this payout is usually for an older make and model, not a current year. Vehicles that are less than 5 years old are purchased for market value and many times a junk car buyer will offer you more money for your vehicle than a dealership will.
Sell My New Car or Trade It In?
With the automotive used vehicle market in high demand, you may want to reconsider trading the vehicle in when you are ready to change vehicles. Before you accept a trade-in offer from the dealership, find out if you can get more for it. Car dealers are in the business of making money and the trade-in offer may be lower than what a junk car buyer may offer. If a junk vehicle removal company has a demand for newer vehicles from a local buyer, you are going to get top-dollar for it and same-day cash payout.
How Do I Know What My Used Vehicle Is Worth?
To figure out what your used vehicle is worth, you’ll want to head over to Kelly Blue Book’s website to use their vehicle value evaluation tool. It’ll give you an idea of how much your car is worth based on the condition, mileage and year. You can also take your vehicle to companies like CarMax to find out how much they will pay you for your used vehicle.
Who Pays The Most For Newer Used Cars?
This can change on a daily basis and not something any car buyer can control. Vehicle prices fluctuate on a daily basis based on two things. The first is the price of precious metals. As market values fluctuate, a vehicle could be worth $5000 one day and $4500 the next. The reason being, when metal prices fall, recycling and salvage centers pay less for vehicles. The second is the demand on the used vehicle market. If a certain year, make or model is popular, the resale value on those vehicles is much greater. If you happen to own a car, truck or SUV that is in high demand, it becomes a sellers market.