So let’s start with something simple. Like paying your premium automatically every month directly from your savings or checking account. Direct payment saves your company the rather substantial expense of mailing you a bill every month. They are only too happy to pass that savings on to you.

As more and more cars are introduced in the mass market, the depreciating value of cars heightened drastically. As soon as a car is bought, its value decreases by 15-20% and continues to decrease every year or every time the brand introduces more models. So for old cars that sit unused in your garage, it’s time to make money out of them. Do not expect to sell them in its original price value because nobody wants to buy an expensive second-hand old model unless it is a limited edition. Here are some ways to find the best salvage cars buyer.

Now that we have convinced you that there will be buyers if you want to sell used car that you own, we will also guide you on how to go about selling the car. The key to selling any car, even to sell used car, is to advertise. You need to advertise so that people know the car is available for sale. Nowadays, the best place to advertise would be on the internet because the internet is being used by almost everyone and there are lots of people who will be able to see your advertisement. Be sure to advertise on a popular website, so that people will be able to see you advertisement if they use the website. The local newspaper is also good for advertising because there are still a lot of people who read the newspaper and look in the newspaper for advertisements if they want to buy something.

Contact salvage yards. Some call them junk yards, while others call them salvage yards. Whatever you call them, they’ll be one possible repository for your junk car. Explain to the yard operator what vehicle you have, its condition and answer his questions. You should be given an estimate of the car’s worth. Write down that amount, but don’t make a deal just yet.

Now there are thousands of different companies set up all over the world that help people get rid of their old junk cars by paying them cash and taking it from them. These companies then break the junk cars down to retrieve whatever spare parts remain inside them in working condition. They sell these spare parts further ahead to different automobile companies like garages and repair workshops. These companies have huge crushers and melting pots in which they send the metal of the junk cars to first have it all crushed down and then melted. This melted metal is then sold by these companies to other factories and manufacturers who need it in their production lines. This is where the business of car companies runs on a day-to-day basis.

There is not a certain type of vehicle that junk yards do not buy, but they tend to be most interested in automobiles whose parts are in high demand. For example, it would probably be easier to sell a 2005 Honda to a salvage yard that offers 1960 pontiac catalina than it would be to sell a 1985 Honda.

The family to which your old car belongs, matters a lot. In simple words, the manufacturer of your car highly affects its re-sale value. If your car belongs to a well-known manufacturing company then its resale value will be relatively higher.

In order to sell car, you have to get it evaluated first. The evaluator takes a thorough quality check about the car’s current specs and features, the position of its interiors, and outer look. Therefore, you have to take good care of your car to sell it at a decent price.

Depreciation – You might be reluctant about selling your car because you feel that it will cause a major loss. Obviously, you can not sell an extremely old car for a high price. However, you need to realize that this loss is inevitable. The longer you keep your car, the more the value will depreciate. Therefore, to minimize the loss that you must suffer, it is advisable to sell your junk car as soon as possible.