How to Sell a Scrap Car in Canada

How to Sell a Scrap Car in Canada

November 13, 2024

Tired of that junk car taking up space? Let's turn it into cash! Selling a scrap car can be a quick and easy way to declutter your driveway and make some extra money.

How do you determine the value of your scrap car?

The value of a junk car depends on several factors, including its overall condition and how much it's worth on the market. Depending on the car's condition, make, model, and year, you might be able to get a decent amount of money for it.

Some offers might be less than half of what the car is actually worth, especially if it's old and worn out. However, if the car is still running, you could get more money because the parts can be used in other vehicles.

How to sell a scrap car for cash?

 

1. Make a private sale

Selling your old car privately can be a good way to get more money for it. However, it can also be time-consuming and stressful. You'll need to advertise your car, answer calls and emails from potential buyers, and negotiate a price. There's also the risk of being scammed. 

 

2. Trade-in

Trading in your car is a quick way to get rid of your car, but you might not get as much money as you would if you sold it privately. Dealerships make money by buying and selling cars, so they'll probably offer you less than what you think your car is worth. If your car is old or in bad condition, they might have to sell it to another dealer for even less. But if you’re trading in your old car, you have the option of upgrading to a new car

 

3. Sell it at a scrap yard

Scrap yards will take it off your hands and give you cash based on how much it weighs and the price of scrap metal. A car's weight is important because it tells the scrap yard how much metal they can get from it. The car's make, model, and year also matter. If the car is in good condition and has a lot of extra parts, it might be worth more.

Always get quotes from several scrap yards before making a decision. Compare their offers and choose the one that gives you the best deal.

 

4. Sell it to an auto recycler

Recycling is a good way to get rid of your scrap car and help the environment. Recyclers buy cars that are old or broken and make sure they are recycled in a way that's good for the environment. They use the car for its materials and parts. Sometimes, they might even sell the car to another recycler or fix it up.

You can also buy recycled parts from them. Recycled auto parts are usually much cheaper than new parts. This is a great option for people who want to save money on car repairs.

 

Get your scrap car ready for sale

Before selling your scrap car, make sure to remove all your personal belongings and valuables. Check everywhere in the car, including the trunk, glove compartment, and under the seats. It's also a good idea to take out any aftermarket accessories or equipment that you might want to keep. 

You'll need your car's title to prove you own it. You'll also need to show your ID, like a driver's license or passport.

Before you sell your car to a scrapyard, you'll need to fill out a bill of sale. This is proof that you sold the car.

Make sure to remove the license plates from your car. This will take your car off the government's list of registered vehicles.

You'll also need to cancel your car insurance. Call your insurance company and tell them when you sold the car and where you sold it. They'll transfer the ownership of the car to the scrapyard, so you won't be responsible for it anymore.

 

FAQs

Are there any costs involved in scrapping a car?

No, typically there are no costs involved in scrapping a car. In fact, you often receive payment for your junk car. Scrap yards will tow your vehicle for free and pay you based on its weight and the value of its recyclable materials

Will I be paid immediately when I scrap my car?

Yes, you'll typically be paid immediately when you scrap your car. Once the scrap yard assesses your vehicle and confirms its weight and condition, they'll provide you with payment on the spot, usually in cash. However, payment methods can vary between different scrap yards. It's always best to clarify the payment method with the specific scrap yard you're dealing with.

How much is a scrap car worth?

The value of a scrap car can vary significantly based on factors such as its weight, the current market price of metals, and the condition of the vehicle. Generally, scrap yards pay based on the weight of the car's metal components.

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