It’s no secret that selling used cars is one way to recover a portion of what you’ve spent or make some profit from your vehicle
In fact, many used car dealers make a good living buying and selling motor vehicles. But this is usually the case for cars that are in good working condition with no issues.
Can you still sell a broken car if you have no plans to fix it? In this article, we’ll take a look at how you can profit from a broken car, to get your answer to “how can I sell my car in Los Angeles?”, and how much money you can make.
In this article, we’ll take a look at how you can profit from a broken car, who buys them, and how much money you can make.
Contents
Can You Still Make Money from a Broken Car?
If you have a broken car just sitting in your garage, don’t think about abandoning it just yet. You might be missing out on some profit.
There are a lot of ways you can still make money from a broken car. Selling it for scraps or selling it to a restorer are just a few examples.
Some people’s businesses even revolve around buying and selling parts and scraps from wrecked cars.
Selling broken cars might not be as profitable as selling cars in good condition, but there is still profit to be made.
Who Buys Broken Cars?
To find out how you can sell your broken car, first we need to identify who’s buying used cars.
Car Wreckers
Car wreckers like Alpha Cash for Cars are in the business of buying and selling umwamted vehicles for parts and scrap metal. These companies buy any car regardless of their condition. And the best thing about them is that they’re hassle-free.
You can call these services from your house, agree on a price, ask them to pick up your broken car and they will pay you cash for it. Some people also know them as a car removal service.
Car Restorers
You might’ve seen tv shows of car restorers buying old, broken cars that is pretty much close to junk, giving it a complete makeover, and selling it for a hefty profit.
If you happen to own a popular classic car like a 1969 Chevy Camaro or 1973 Ford Mustang, you’re in luck! Car restorers and collectors will line up to take your broken car from your garage. Just be sure to know what it’s worth before selling it.
The only downside, though, is that for cars that aren’t too rare or popular, you’re going to have a hard time looking for a car restorer that will take your car off your hands.
Car Dealerships
Last but not the least, car dealerships. Selling your car to dealerships is another fast and easy way to profit from your broken car.
But unlike car wreckers, they may refuse to buy wrecked cars or cars that are beyond repair.
How Much Money Can You Make Selling a Broken Car?
If you sell your car privately, to a car restorer, or to car dealerships, the amount of money you can make from a broken car depends mostly on the type of car, its year, make, and model, current condition, and the market’s demand.
Car wreckers, however, will buy any car for its weight and/or available parts. A totally wrecked car will usually sell for $200 to $1,000 depending on its weight and the current price for scrap metal.
A car with some reusable parts, however, could sell for more.
Final Thoughts
Just like the saying “one man’s trash is another man’s treasure”, your broken car isn’t completely worthless. You can still make a profit from a broken car by selling it to the right people.