How To Get The Best Deal On Auto Parts

Another aspect is LTV. The Loan to Value ratio is a depiction of how much you owe vs. your car’s current value. Lenders understand that being a depreciating asset, a car’s LTV will be higher than 100%. But a very old car will have an exponentially high LTV value. This means there are higher chances of an up-side down loan. So, lenders stay away from cars older than 7 years.

Every town has at least one junk yard, which it is commonly called an auto salvage yard because they salvage the parts. Some parts on these vehicles are not functional, but even the most dilapidated vehicles have something that is useful on the inside or outside.

Another important factor is age, which means the older the car is, the less is its value. Since the parts would be in better condition if the car is less than 10-15 years old, the salvage yard tends to pay more for these cars. However, there are some models that tend to have reliable parts even when the car is older. Your car does not need to have an excellent appearance for a salvage yard that offers cash for cars. What they look for is usable and salable parts. So if your body panel, engine or cabin components are still usable and fully functional, you might get a good price for your old and wrecked vehicle.

The last option you may take advantage of is to contact a junk car removal company that pay for towing away your damaged car, as they recycle it. This is a good opportunity too, as you will get more money than if you shred your car at a scrap yard. The exact amount of cash you will get will depend not only on its condition, but also on its weight and size.

Advertise your car. If you’re not satisfied with the offers from the vehicle alternator, you may be able to make more money by selling it directly. You can advertise on Craigslist or some other website, giving details about your car. Include photos and be honest about the car’s condition. Put down an asking prices such as $500 or OBO for “or best offer” and wait for people to contact you. One man’s junk is another man’s treasure — you could be holding a classic that would be worth a mint once it has been restored.

Compare Prices: You may be tempted to buy from the first online auto parts store that you come across, but don’t. At least not until you have done some “comparison shopping”. The web is full of delicious deals. The main reason being that you can easily check out a company’s competitors at the push of a button. You don’t have to drive down any road or travel any length of miles to do that.

Before you toss your junker, clunker or otherwise malfunctioning car to the wind, consider this: it may be worth money. That’s right, your decrepit old jalopy can put some cash in your wallet if you put some strategy in place to get rid of it. Read on and we’ll look at some options you have to selling that old car.