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Best Commpanies that Pay Cash for Junk Cars
Get your free offer instantly via online form or call on (855) 925 4302
$0 fees + you don’t have to pay for towing – Peddle will take care of it
Get paid in check during the pick up for any car (damaged, junk, wrecked)
Quick car evaluation without the hassle – sell your car within 30 min
Choose a convenient date and time for free pick-up, as soon as next day
Get cash in hand the same day the Wheelzy agent picks up your car
3 Top “Cash for Junk Cars” Companies Who Will Buy Your Junk Car Directly
|“Cash for Junk Cars” Company||Pros||Cons|
|Peddle||Instant quote – 1 min||Demand determines price|
|CarBrain||Sell your damaged car within 24 to 48 hours||Quotes are not guaranteed|
|CarMax||The “no-haggle” policy allows CarMax to pay you upfront||High processing fee of between $100 – $400 in some CarMax outlets|
(No service fees; free towing)
Peddle is one of the major “cash for junk cars” businesses that’s available across the United States.
What’s good about Peddle is that it only takes a few minutes to submit your online application and you can get rid of your junk car within 48 hours after receiving an offer from them.
The company buys all types of cars in all conditions, including:
- Cars with water damage
- Non-running cars
- Accident-damaged cars
- Older vehicles
- Total junk cars
(No service fees; free towing)
CarBrain is a nationwide car buying company that will purchase your junk car, including damaged, non-running, and complete junk.
All it takes to get a quote for your junk car from CarBrain is to fill out an application form online. The CarBrain representative will contact you within an hour with an offer that you can accept within 7 days or reject – no strings attached.
The good thing is, CarBrain will tow your car for free within 24 to 48 hours after you’ve accepted their deal.
(Processing fee of between $100 – $400; free towing)
CarMax is also a large company that purchases junk cars nationwide. Just like its competitors on this list, CarMax also provides a free, no-obligation appraisal after which you can accept or decline the company’s quote for your junk car.
While CarMax accepts cars that are complete junk or have just engine issues, they won’t buy a vehicle that has a salvage history, frame damage, or flood damage.
“Cash for Junk Cars” is it a Real Thing?
You might already have heard the phrase “cash for junk cars” and if you’re wondering if this is a real thing, let me tell you – cash for junk cars is as real as it gets.
In fact, there are quite a lot of companies out there who would buy your junk car for a relatively good price. Why? Because they make money by repurposing junk cars (more on that later).
Now, you’d say, but I can sell my junk car to my local junkyard, why do I need to know about random companies?
You can definitely sell your car to a local junkyard, but the thing is, it involves more hassle. First, you need to go junkyard to junkyard to see what they have to offer for your vehicle, and most of the time, you’ll get quite a low price offer. Plus, you’ll have to manage the towing yourself, which might be a pricey service depending on where you live.
Having said this, let’s see how cash for junk cars services work.
How Do Cash for Junk Cars Services Work?
The way cash for car services work is extremely easy – they are literally there to make your life easier. Let’s review their procedures step-by-step.
- Submit a quick online application
- Accept the quote
- Schedule the pick-up
- Exchange your junk for cash
Step 1: Submit a Quick Online Application
Most cash for junk car services are present online and allow you to fill out and submit an application through their websites.
So no matter which company you’ll choose, you’ll find an online application on their platform requiring you to fill in the following information:
- Your name and contact information (so they can contact you with the quote)
- The details of your car (make, model, year of manufacturing, its current condition)
Once you submit your application, the company will review it and contact you with the quote, which usually happens within a few hours at max.
You can discover 3 best companies that offer cash for junk cars later in this article
Step 2: Accept the Quote
After the company contacts you with the quote, you’ll be given 3 choices:
- Either accept the offer right away
- Decline the offer right away
- Think about the offer and make a decision within 7 days
Step 3: Schedule the Pick-up
If you’ve decided to accept the offer, you should schedule the pick-up. The company will send agents to your driveway who will pick up your car.
What’s best, “cash for junk cars” services offer free towing, meaning you don’t have to worry about it or pay for it.
Step 4: Exchange Your Junk for Cash
At this final step, you’ll meet the company representative in your driveway to exchange your junk car for cash.
You’ll hand your car keys and let them tow the car while the agent will hand you the check.
Related: Sell Scrap Car
“What Will Happen With My Old Car After I Sell It?”
“Cash for junk cars” companies usually buy junk vehicles in order to repurpose them. There are 3 main ways these companies use junk cars that aren’t good for daily use:
- If the frame and any salvageable parts are good to use, they gut the car to rebuild it and sell for profit. This is the reason why they offer you a fair price for your damaged and even junk car.
- The next thing they might do is reuse or sell the car parts that are still safe and good to use.
- Lastly, they can recycle the leftover parts of your junk car. Since car parts are made of different high-quality metals like steel and aluminum. That’s why those parts are usually heavy and “cash for junk cars” companies get a good deal to sell them in bulk to recycling companies.
How Much Do You Get for a Car Junk?
How much you’ll get for your junk car depends on a variety of factors, including:
- The type of your vehicle – is it a car, SUV, van, or truck?
- Year of manufacturing
- Make and model
- The current condition of the vehicle
- Your current location
Generally speaking, depending on current market rates and the above-mentioned factors, you could get anywhere from a few hundred dollars to over $1,000 for your junk car.
For example, CarBrain, which is one of the largest companies that purchase junk cars, has recently purchased a 2013 Honda Accord for $1,775. The vehicle had collision damage in the front and while the engine could start, it wasn’t good for daily use.
What Do I Need to Junk My Car?
There are a few things you’ll need to sell your junk car:
- Certified title of your vehicle – if you’ve lost it, the companies can help you get a duplicate of your title.
- The title transfer notice, so you won’t be held liable for it in the future.
“My Junk Car is Missing Parts, Can I Still Sell It?”
Generally, “cash for junk cars” companies would accept cars with missing parts. However, it depends on what parts are missing.
For example, they won’t accept a car with a missing engine or transmission. Moreover, all cars must have at least 2 tires so they can tow them.
“My Junk Car Doesn’t Drive, Can I Still Sell It?”
The best part about selling your car to “cash for cars” services is that they accept non-running cars.
The companies will tow non-running cars for free, so you don’t have to pay for it.