3 Reasons To Junk Relatively New Cars
You might think that scrap buyers are only helpful if you drive an old beater, but there are, unfortunately, some situations when junking a modern vehicle may be appropriate. Making this decision isn't easy, but it's sometimes the best way to get some value out of your car with a minimum of frustration. If one of these three situations sounds familiar, it may be time to contact a junk buyer.
1. Severe Structural Damage
Frame damage has never been a cheap problem to fix, but structural damage on modern vehicles can be exceedingly costly. Since modern cars use a unibody design, seemingly cosmetic damage can hide severe underlying problems. Structural damage can significantly impact how a vehicle drives, leading to unsafe handling, rapid tire wear, and other, more troubling issues.
While straightening minor frame damage may be affordable, straightening more significant frame damage can easily exceed the car's value. Selling a car with frame damage may also be difficult or impossible, forcing you to sell your car for parts. In many cases, working with a junk buyer to receive your car's scrap value may be a better option.
2. Internal Engine Issues
Modern engines are more reliable than ever, but that doesn't mean that they're immune to significant problems. Internal engine issues can develop for various reasons, from manufacturing defects to cooling system failures that result in overheating. The cost to repair an internal engine issue can often be high since the shop will typically need to disassemble and rebuild the entire motor.
Even if your car is relatively new, the cost of a new engine or a rebuild can sometimes exceed its value. While finding a buyer who wants to perform an engine swap themselves may be possible, this can result in a lengthy sales process for little gain. Selling your car to a junk buyer lets you quickly get cash that you can use to purchase another vehicle.
3. Insurance Buybacks
Buying a totaled car back from the insurance company to part it out can sometimes be a lucrative decision. If you have the skills to remove valuable components, you can often make more money than the cost of your wrecked vehicle. Of course, there won't be much more than a rotting hulk left behind once you've finished your work.
Fortunately, most junk buyers are happy to buy any vehicle, even those with most of their functional parts removed. Selling the remains of your stripped car to a junkyard can be a great way to earn a little more cash, helping you wring every last penny from your totaled vehicle. Contact a junkyard that offers cash for junk cars to learn more.