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Many of us consider our cars a necessity, but what happens when your trusty vehicle breaks down, is damaged, or is involved in an accident?
Statistics show that approximately 12-15 million vehicles reach the end of their useful life each year in the United States alone. This suggests that there are a huge number of vehicles out there that will never again hit the road.
Whether repairs are uneconomical or you simply don’t have the time to try to fix the damage, you will probably want to recoup some of your costs on the dead vehicle.
In this article, we’ll look at how the most popular digital marketplaces are allowing users to sell a damaged car for cash, and exactly how you can use those same resources to find the best price for your vehicle.
Although it’s relatively easy to trade in your old car for a newer model at your local dealership, when that vehicle has been damaged in an accident or has broken down beyond repair, trades become more complicated.
Even if your vehicle only appears to have minor damage after an accident, your insurer may have classified it as a total loss. According to Forbes, this is occurring more and more frequently due to the rising cost of parts.
A broken down, “rebuilt,” or obsolete vehicle will clutter your driveway and could cause expensive conflicts with insurers and local ordinances. It becomes a particularly frustrating problem if you need cash to make a down payment on your next vehicle.
While you might be able to get cash for damaged cars by listing your vehicle on auction websites or Craigslist, according to Statista, there are over 40 million used cars sold each year, so finding a buyer can be a time-consuming and frustrating process.
Getting involved in private auto sales can bring on its own set of problems. Local legislation can be complicated, and most people aren’t thrilled to invite potential buyers to their home to look at the vehicle and haggle over the price.
This is where websites dedicated exclusively to selling damaged cars can help.
There are a number of benefits that go along with these websites and their associated services, including:
- Quick cash for your damaged vehicle
- Convenient collection arrangements
- No obligation quotes which allow users to compare prices
- The ability to make all transaction arrangements online
Websites in this category are designed to make it easier to sell a damaged car with minimal fuss and paperwork. However, not all sites are created equal, and only a few offer the best prices in the industry.
Just like any other marketplace category, there are some companies with a reputation for hidden fees and unexpectedly changing offers. It’s important to research your platform before posting a listing.
Now that we’ve discussed the benefits of these services, we’ll delve a little deeper into the best companies to work with and how to sell a damaged car for the best prices.
Before You List Your Damaged Car…
Before you start trying to collect quotes and work on getting cash for damaged cars, there are some basic rules you will need to follow.
1. Locate the Title
You will need your vehicle’s information for the submission form. This will include the make, model, trim, and year of your vehicle. All that data can be found on your title.
Some companies will also require you to provide a scanned copy of the vehicle’s title to confirm ownership.
2. Provide Accurate Information
To obtain an accurate quote, you will need to provide accurate information, including the vehicle’s condition and current mileage.
3. Take Photos
Most companies ask users to upload photographs to confirm the vehicle’s condition. In many cases, this will help maximize your return on the sale.
4. Be Realistic About Prices
While you may love your vehicle, each of the companies on this list will provide a quote based on a number of different quantifiable factors. Your feelings, unfortunately, are not one.
The value of any vehicle significantly decreases after an accident and, according to Instamotor, your insurer is likely to use a set formula to assess your vehicle’s value. You need to be realistic about the value of your damaged car.
How Much Can You Expect to Earn?
Every car is different. Even before an accident, the mileage and condition of your vehicle will affect its value. It can be difficult to estimate exactly how much you can expect for your car.
These types of companies will pay anywhere from a couple of hundred dollars to thousands of dollars for vehicles.
For example, CarBrain recently purchased a 2010 LandRover Sport with engine damage for $6,000, while a 2008 Jeep Liberty that doesn’t start and has considerable body damage was purchased for $800.
The best way to get an idea of how much you can expect is to collect a couple of quotes from different marketplaces.
7 Best Platforms in the Industry to Sell Your Damaged Car:
Cash for Cars aims to make it easy to get cash for damaged cars. The website is easy to navigate, and you just need to submit an online form with a few details about your vehicle such as the make, model, year, location, and the nature of the damage.
The Cash for Cars team will instantly provide an offer for a competitive price. Within seconds, you can get a no-obligation, guaranteed offer to buy your damaged car.
After accepting the offer, you can arrange an appointment for your vehicle to be collected in the selected state. There is no need to try and get a damaged car to an inspection station. The company provides a tow service that will work around your schedule, and you will be paid in cash instantly.
According to Trustpilot, Damagedcars.com is a trustworthy company that specializes in buying damaged, broken, or salvaged cars across the country.
The company has a three-step process to help you sell a damaged car quickly with a guaranteed offer generated in just 90 seconds. Pick-up can happen in just twenty-four to forty-eight hours.
You will need to use the online form to provide your vehicle details. DamagedCars states that the more accurate and detailed information you can provide, the better your offer will be.
The website stipulates that you must have the car’s title in your name, and you may be required to send a scanned copy of your title for verification of those details.
Once you’ve accepted the offer and your ownership has been verified, you can arrange the collection of your vehicle. You will need to have your title available, and when the tow truck arrives, you will confirm the title before receiving payment.
Another provider that aims to be the best way to sell a damaged car is Sellmax.com. This platform allows you to arrange the sale of your vehicle by phone or online.
The company has a friendly approach to dealing with potential customers and claims to be One hundred percent transparent with no sudden changes to any offers or hidden fees.
SellMax will arrange a pickup date that works with your schedule, and the vehicle can be collected from your home, work, or a location of your choice in most states.
After minimal paperwork and a quick check of the vehicle, you’ll receive your payment. This straightforward process has resulted in SellMax earning an A+ rating with the Better Business Bureau, and no logged complaints as of the date of this article.
With a rating of 4.2 out of 5 on Google Reviews, Junk Car Medics is another great service that routinely offers high prices for your damaged car.
The company claims to purchase thousands of cars each year throughout the country due to its reliable, safe service and top dollar prices.
Additionally, Junk Car Medics explains that approximately 86 percent of your end-of-life car will be recycled. This is a higher percentage than most glass, paper, and even tin products, so you can get cash for your damaged car without worrying about your carbon footprint.
Like the other companies, Junk Car Medics requires that you provide your vehicle’s details via the online form or by phone through accurate information. If you like their offer, upon verification of your details and confirmation of ownership, you can set up the removal of your vehicle.
On the day of the collection, you will need to provide the keys and sign over the title, and only once the company has verified the vehicle is in the condition you’ve claimed, will you get paid.
Peddle.com has a buyer network around the country that buys damaged, broken, or junk vehicles for parts, scrap, or resale.
However, what makes Peddle a little different from the other platforms on our list is that buyers can pre-set bids for the types of vehicles they are interested in buying. These bids get factored into all instant offers, and buyers have the opportunity to make a counteroffer to sellers.
You’ll need to fill in Peddle’s online form, and you’ll receive an offer in seconds for vehicles in all 50 states. You can even sell a vehicle that is missing parts.
Peddle is a remarkably transparent service, publishing the latest vehicles purchased with the prices paid and a running total of how many offers the company has made in the last 30 days.
It is this transparency, along with thousands of positive reviews that have garnered Peddle.com an excellent Trustpilot rating.
Another impressively transparent platform is Cashautosalvage.com. This company will buy your car in any condition, across the country, with an online instant-offer generator providing a great price.
The company’s mission is to help customers sell their cars for top dollar, fast.
Their three-step process involves filling out an online form, confirming the offer, and arranging the collection of your vehicle. You’ll receive instant payment upon collection.
Cash Auto Salvage also features the prices paid for recently purchased vehicles and tutorials on getting the best price for your vehicle.
This can be a helpful resource that explores the factors that affect the prices offered on damaged cars and can help you to maximize the cash you receive for your vehicle.
CarBrain is a sister company of DamagedCars.com with a history dating back to 2007. The company will buy any vehicle in less than perfect condition, including broken-down, collision damaged, and “totaled” cars.
CarBrain aims to make the process easy and convenient with a reliable digital platform.
This provider has a team that boasts years of experience buying salvaged vehicles and a management team that has been buying and selling vehicles for decades.
CarBrain differs from ordinary junk car buyers in the way the company uses custom-developed price technology with up-to-date market pricing to get you the best offer for your specific vehicle.
The team looks at the current condition of your vehicle based on the photos you supply, location, make, model, trim, and mileage. All of these factors are considered to provide the most accurate and most valuable guaranteed offer.
- The highest value for most cars purchased through the platform.
- A seamless and convenient transaction.
- Quick payment upon collection of the car.
- No hidden fees.
- Free towing and transportation.
- Secure transactions.
The company aims to ensure that you feel completely confident in the transaction, providing the security of allowing you to hold your own vehicle until you receive payment.
CarBrain operates across the country with zip code verification to ensure that there are service providers in your specific area. This consistent service has resulted in an excellent Trustpilot rating and an A rating with the Better Business Bureau.
The Bottom Line
These platforms can be fantastic resources to help you recover some of the costs, in the form of cash, for your accident damaged or broken-down vehicle.
The seven websites we’ve listed here make it easy to find the best place to sell your damaged car and feel confident that you’re getting a fair, honest deal.
It’s well worth the time it takes to investigate your options when selling your junk car.
Be sure to compare offers and understand what you can expect from the company you’re working with to get the best possible price.