If you want to get your salvage car off your hands with reputable junk yards in your area, get its value calculated instantly. Towing and title transfer are completely free and pick-up can happen as soon as 24-48 hours.
Continue reading if you’d like to learn the ins-and-outs of selling a salvage vehicle and how their value is determined across the salvage industry.
What Is The Salvage Value Of A Car?
Under most instances, a car gains a “salvage value” once it’s been declared a total loss by your insurance provider. This is called being “issued a Salvage Title or Salvage Brand.”
Salvage titles are permanent. Even if the vehicle is rebuilt and issued a “Rebuilt Branding,” all future buyers will be aware that the car was declared a total loss in the past.
How Much Is My Salvage Car Worth?
Calculating the salvage value of a vehicle is relatively straightforward. Depreciation for all vehicles occurs at a predictable rate over the course of the car’s lifetime.
One Minute: A brand new car will lose an average of 10% of its value the instant it leaves the dealership. A $20,000 vehicle is immediately worth $2,000 less once those wheels leave that lot.
One Year: A new car suffers its biggest drop in value during those first 12 months. After one year, it is worth 20% less than what it was purchased for. That $20,000 car is now only worth $16,000.
Five Years: The car’s total value will have decreased by about 60%. The first year drop off is replaced by a 15-25% depreciation each of the following years until the five year mark. That $20,000 car is now worth about $8,000.
Additionally, you must account for the damage a salvage vehicle has suffered. A car’s salvage value is typically much lower than its used car value, especially if it’s no longer running.
Should a car not be repaired in the aftermath of a major accident, it will generally only be worth 10%-50% of a similar used car’s value. Even repaired, you’re likely to receive about 70% of its undamaged value.
Salvage Cars Common Issues:
Faulty Electrical Systems
Fuel System Issues
Bad or Broken Brakes
How to Find A Car Salvage Yard Near Me
Car won't run? Will it cost more than it’s worth to fix it? Has it been in a wreck? Transmission shot? Has the engine blown?
It's likely time to move on. Usually, this involves finding car yards near you to buy your scrap car. You don't want a ton-and-a-half of metal, flammable fluids, and rubber sitting in your driveway rotting.
The longer it stays, the harder it is to get rid of. Birds will soon think it's a fun target. Small animals will learn to call it home. It's time to bid that former favored method of transportation farewell.
Do Scrap Yards Pick Up Cars?
You might think your best option is to find salvage yards that buy cars near you but beware. Auto salvage is a tricky business. With a lot of work and little margins, getting the most out of selling your car to a car salvage yard, is a complicated endeavor.
There are a few things to consider before heading over to your local auto salvage to sell your car. Here's how it generally works:
You have to pay for the tow to get your car to the salvage yard in order to get your offer. Tows aren’t cheap. Sometimes they exceed $100.
What happens if you get there and the offer is really low? You just paid $100 to tow your car there and now you have to either accept the low-ball offer or pay another $100 to get your towed vehicle taken back home.
You have no idea what they'll offer until you arrive with your car. If they offer you anything. You can ask and cajole all you want, but they won't give you an offer over the phone.
You likely won’t receive the best customer service. Auto salvage near you is likely busy with a lot going on at any given moment.
Check Online What Your Car Is Worth AS-IS
Can An Auto Salvage Yard Near Me Pay Fair Prices?
If you have a high-quality car, the auto parts might be worth more than just scrap metal prices. Or even if you have a vehicle only worth the few truck parts available, you still might be able to get more money for it.
Some auto salvage places near you will charge you pretty high towing fees. You ought to shop around for nearby auto salvage yards that will pick your car up for free. Junkyard car pickup is included, for instance, if you sell your car to DamagedCars.com.
You could try to play the auto salvage game but when junkyards buy cars they have you on their turf. It is important to know that auto salvage yards will be making money off your car.
It probably won't be a lot, but you don't want to short change yourself by taking too little and allowing them to make all of the profit.
You could try to play the auto salvage game but when junkyards buy cars they have you on their turf. It is important to know that auto salvage yards will be making money off your car. It probably won't be a lot, but you don't want to short change yourself by taking too little and allowing them to make all of the profit.
When it comes to selling their car, sometimes people don't know that they could be getting a better offer with a much easier and convenient process. People just want their salvage car gone and don’t necessarily realize it still has some value.
Why DamagedCars Is The Best Auto Salvage Near You
Choose the better way. Sell your car to DamagedCars.com, where we specialize in buying damaged, wrecked, broken-down and salvage cars the fast, easy, and convenient way.
We buy cars nationwide through our network of local service providers. We are where you are.
We give you a guaranteed offer either online or over the phone. All we need is some basic information about your car, maybe a few pictures, and we can give you a no-obligation, guaranteed offer, fast.
We can buy any Make of car from Hyundai to Rolls Royce and everything in between.
You can take or leave our offer. We strive to make the best offer for your car. But, if you don't like the offer, you haven't paid for a tow and you wasted very little time.
We encourage you to do your research. Look up DamagedCars.com. Our offers are good for three days. You can come back when you’re ready to sell us your car.
Once you accept our offer, we handle the towing. We’ll schedule a pickup around your needs and tow the car for free. We pay for the tow, so you don't have to.
DamagedCars specializes in buying cars that have seen better days. Regardless of the reason your car is damaged, we make the process of selling it as easy as 1-2-3:
Step 1: Get your free quote! Simply enter some basic information about your car on our website and you’ll receive a free and guaranteed quote within 90 seconds.
Towing is complementary, so you’ll never have to worry about hidden or additional fees taking away from the profits you take home.
Step 2: Schedule your pickup within 24-48 hours! If you’re happy with your quote, you’ll be able to schedule your vehicle retrieval with one of our partners within your area. They’re trusted to come to you at a time that works best for you.
Step 3: Complete your sale! After a quick inspection and transferring of your title, you’ll receive the amount you were quoted, no haggling or fuss. Your vehicle is taken off your hands and money is put in them!
You'll get an offer from us with no pressure to sell from us, and we can answer any questions you may have about your cars.
All we need is your ID and proof of ownership to pick up your car. And remember to check your local laws regarding license plates before we buy your damaged vehicle — if they stay with the seller, remove them!
NO Haggle. FREE Towing. No FEES!