How to Sell With a Rebuilt Title
Salvage cars can be resold as long as you have a rebuilt or salvage title. With proper repairs to a salvage car, it can still make a decent vehicle. Many people may want to sell a salvage car because their insurance will not insure it with a damaged title. Salvage cars are generally sold at a discounted price and are the same as rebuilt titles. The definitions between the two may vary slightly per state.
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Instructions
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Take a look at the car and make note of any damage. If you have knowledge of frame damage, it is very important to disclose that. Salvage cars can be sold in their current damaged condition for parts, or repaired or sold after repairs have been made.
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Set your price for the car. Take a look at Kelly Blue Book for some ideas. See what the price for fair condition for your make and model would be for a private party sale. You can sell for this price or slightly less to get the best results with interested buyers.
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List cars on eBay and Craiglist. Many people successfully sell salvage cars on these sites. List the make, model and (if possible) VIN number so prospective buyers can run a Carfax or Autocheck report on the car. Disclose the type of accident or details of the incident that caused the car to become salvaged. Also specify that the car is only available for local pickup so bidders will not bid from out of state.
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Tips & Warnings
If you are selling your car for too much and just want to get rid of it, or are having trouble selling it, there are companies that list in classifieds like Craigslist that also buy junk cars.
Always disclose in an ad or listing that the car has a salvage title.
References
- Photo Credit car image by sasha from Fotolia.com
