Salvaged cars are those which have been given a title like this because it will cost more in the repair works than the actual worth of the car. Though the cost is an estimate done by the insurance companies, most of the time you remain in a loss if you want to repair the car to the new condition. Now, what are the ways to save your money in this situation?
Sale: You can try registering your car with any selling company and get a selling price according to their suggestions. Though advertising in the sites may cost you a bit, but you will still remain in a favorable position. There are many websites which also offers free advertising and you can easily opt for them. The car experts suggest not selling your salvaged cars while buying your new car as you will not get a good value at that point. Make sure that you put your salvaged cars for sale when the insurance is still alive for few months.
Scrap: Try scrapping your old car in exchange of some money. You can find a number of companies in the internet which promises to collect your salvaged cars within some days after making the payment. But make sure that the company is authorized for scraping your car. All the salvaged cars must go to the Authorized Treatment Facility and the scrap yards must possess a license issued by the Environment Agency. Make sure that your scraped vehicle is properly recycled without harming the environment. The parts of the engine, gearbox oil and the battery acid must be processed properly while scraping. Sometimes the companies do not scrap the cars on their own but gives the job to some local recycle centre.
You can find all your ownership documents to check the relevant instructions. You can send the relevant parts of the car to the concerned agencies which will confirm you that you are not responsible for the car anymore. The scrap dealer can also send you the certificate for destroying and inform the concerned authorities that you are no longer the owner of the car. If you have any money receivable from the insurance or the road tax, make sure that you claim them back. You can also reclaim if you have any unused months for the road tax.
Give Away: You can use your salvaged cars for a social cause also. A lot of nonprofit organizations are available who are ready to take your car happily. Make sure that the organizations are authorized in taking the donations. Some car companies also take the car and donate them in charity on your behalf.
These are some of the effective ways of saving money through your salvaged cars.
Author Bio: Samuel Jones is a car lover who also puts salvaged cars for sale. He is much updated with the car market and never fails in trading with the used or salvaged cars. He has explained some of the ways to save money through your salvaged cars.