Whether you’ve decided to upgrade to a better model or are looking for a bigger car to accommodate your growing family, there can be many reasons to sell your car. However, if you don’t know the market rates, selling your old car can be a tricky prospect. Therefore, you have to be careful to ensure that you’re not losing money on your vehicle and that you’re not getting scammed.
There are so many options available to you when it comes to selling: you could sell a car for parts if it’s too old, or you could sell it as is to another individual; alternatively, you could also exchange it at a car dealership and get a reduced price on your new car. Keep reading to find out how you can sell car parts and how to make the most money from it.
Why Should You Sell Your Car For Parts?
When you’re considering selling your car, your first thought might not have been to sell it for parts. Understandably, not many people think that selling their car for parts is a viable or economically sound decision.
However, selling your used car for as much money as possibles can be a lucrative option when you’re looking to sell it for parts. But remember, a specific skill-set is required when selling a car for parts, and if you don’t have it, you must consult an expert on how best to dismantle your vehicle.
Selling Your Car as a Whole vs. Selling for Parts
While selling a car as a whole is more straightforward and efficient compared to selling it for parts, it might end up being the wrong decision for you. If your vehicle is considerably damaged and would require repairs to be sold as a whole, or if it’s too old, you may not even be able to find a buyer for it. Even if you do, you may not be able to get a fair deal on the sale.
In comparison, if you sell a car for parts, you can remove the damaged or inefficient components and sell only the features working perfectly. It can enable you to save money instead of sending your entire car to the junkyard.
A car that has been damaged considerably isn’t attractive for most buyers to buy, but when you sell individual parts, even mechanics and car workshops can buy them from you.
Car Parts To Sell
There are specific components of your car that can end up being more valuable than other parts. Some of the parts you can consider selling are:
- The engine: If your engine is not in good working condition, you could still sell it along with scrap metal or sell it to an engine rebuilder so they can turn it into a remanufactured engine
- Transmission: Usually one of the most valuable components of a car, many buyers are interested in buying used transmissions for a lower price.
- Catalytic Converter
- GPS
- Bumpers
- Airbags: It can only be sold if you have active and unused airbags
Cars have various toxic chemicals and liquids, making it dangerous to disassemble if you’re not doing it correctly. Look at the correct procedure for dismantling a car or hire a mechanic to do it.
Checking Condition of the Components
If you’re unaware of the exact condition of the various components in your car, you need to ascertain it before you start selling them. Potential buyers will be interested in knowing about the year, model, working condition, etc., of each component.
You can take your car to a professional car workshop or get a mechanic to tell you the exact condition. If you are considering selling your vehicle to a service, they might also have someone who can check the condition for you.
Consulting an Expert
Getting an expert opinion is crucial when you’re thinking about selling your car for parts. You might think that your car doesn’t have many valuable components, but an expert will know just how valuable each component is.
If you have a car model that isn’t in production anymore, several components of your car could be considered as collectibles or valuables. Be sure to have an expert examine your car and appraise it before you sell it for scrap.
Asking in Multiple Places
To make more money when selling a car for parts, you must ensure that you’re not just selling components in the first place you go. It can be a lengthy process, but you have to consult various services when you want to ensure you’re getting the highest quote possible.
You can also know the minimum price for a particular part by asking in multiple places. If you prefer, listing it online could also ensure that you get various offers without going anywhere.
