Cash for Junk Cars Near Me companies don’t have the best reputation, and this is no big secret. We do have a great reputation with great google reviews, we are known in the junk car buying industry.
Junk Car Buyers also have a shady history. Many of them will try to scam you and try to trick you out of your vehicle.
This article will hopefully keep you alert about what to look out for, to prevent these things from happening to you. Our hope is that you will learn something, even if we do not purchase your vehicle.
Here’s the Deal
Most tow truck operators, salvage yards and cash for cars companies are honest, but there is a large amount that is not. It is imperative that you know what you are doing before you junk your car. Knowing what to look for when you are selling your junk car is vital. There are many the will scam you for a quick buck. Make sure you know all the scams to protect yourself when you are selling your car for salvage.
Here are the Eight Most Likely Scams that Junk Car Buyers.
Not many people have any experience with dealing Cash for Cars Near Me. If you had always sold your vehicle before it became junk or traded in your old car, don’t feel bad, not many people do. You may have never sold your vehicle to a junk car buyer for parts or salvage. Can be an unfamiliar process to you. Below you will find eight scams below to watch out for and be aware.
Using Fly By Night Junk Car Buyers
Using fly by night junk car buyers is very dangerous. These companies don’t have a real office set up or a license. These companies will purchase a vehicle from you at the lowest possible price and sell it on the side of the road or online. Never transferring the titles or notifying the state of the sale. Fly by night companies will tell you one price and when they arrive the price will be different. Ask all buyers if the price is going to go down once they arrive.
Out of State Junk Car Buyer
Out of state buyers are very sneaky. Many of them will have local numbers to make you think they are local. What they do is purchase your vehicle for a huge profit to sell the lead to a local company. Meaning you are losing money on the sale of your vehicle. Another issue with these companies is they are located in another state which means you are not able to go to their office and speak to them. They are not “local junk car buyers or junk car buyer near me.”
Transfer of Title
When you sell your car to a Junk Car Buyer Near Me you have to make sure the title is transferred. Many times out of state companies skip this process. Your fly by night companies does not transfer them either. Meaning you could be held liable for anything that happens to your vehicle or any charges on your vehicle. Make sure always to get a bill of sale. We recommend always to take a picture of it with your phone and email it to yourself. Ensuring you have proof of sale if anything ever happens.
If you have a nontitled car and sell it, this also applies. We will buy your car without a title, but there are extra steps we MUST take.
When you call a cash for junk cars company, ask them if there will be any deductions. They must tell you ahead of time. For example, we take out body damage and missing parts. Some companies will try to take advantage of this. We take $15.00 off for a damaged bumper other companies will try to deduct $50.00 or even more! Don’t let these companies take advantage of you. Make sure to ask them before scheduling a pickup.
Towing should never cost you anything. There should never be a charge for towing. For example, we always tow for free. We also offer same day pickup and payment.
No Payment on the Spot
Never under no circumstances let a company take your car without paying you on the spot. Also, do not let the wrecker hook up to it until they have paid in full. Once they have your vehicle, it is hard for you to get your money. Also, make sure you get a receipt for the sale of your vehicle. Have you let someone take your vehicle without paying you, it could cost you more than what the vehicle is worth to get your money.
Towing Being Subtracted for Your Quote
Two things that should never happen is towing being subtracted, or you have to bring the vehicle to the company. The company is purchasing your vehicle from you and should always arrange transportation of it. Another reason is if you take the vehicle to them, you are then on their turf. At this point, they hold all of the power. You want to be in charge of not some old cash for cars company.
Giving your Car a Zero Value
Many Shady buy my junk car companies try this; they will tell you that your car has no salvage value. This is not true at all. All cars and trucks have a value no matter the year or make. They can either be sold for parts or salvage metal. So do not ever let any company take your vehicle for free. No matter it has some value or else they would not want to pick it up for free!
Free Prizes or a Tax Deduction From Donating Vehicle
The common practice is offering you a free vacation, or you get a tax deduction for donating your car. We are not tax advisers. We recommend you ask your tax person to confirm what we are publishing. If you receive any compensation for your vehicle, the IRS considers that payment for your vehicle thus making it not a donation! Also, you are not able to deduct the full blue book amount for the value of your vehicle; it must be the amount they sell the vehicle. You must also receive a receipt stating how much the charity received for the car or truck.
How can you Actually use This?
Having knowledge of the scams that happen in the business is half the battle. Watching out for them is the other half! Do not let yourself be taken for a ride by these scams. Find a good local junk car buyer near me that can and will treat you fair and with respect!
Getting a Free No Obligation Quote From a Local Junk Car Buyer
We at HJC would love to give you a no-obligation quote. Give us a call at 281-946-7209 and we will ask you a few questions and based off of your answers we will quote you a price you can depend on.