Get the Most Out of a ‘Cash for Cars’ Program

Posted Friday, Jul 28, 2023

Not everyone has deep pockets to afford to pay in full for a used car. If you are looking to buy another car, but need to sell your current one, then selling it to the used car dealership you’re about to buy a vehicle from is the easiest option. But how does one go about it? Let’s find out.

Before Selling Your Car to the Dealership

There are some things you are going to need to do before selling your vehicle to a used car dealership. For instance, regardless of whether your car works or is being sold as a lemon, you will still have to provide the appropriate paperwork.

Paperwork needs to be provided mainly because you need protection from the possibility that your vehicle might get stolen by a thief. But the used car dealership will require all the paperwork when you apply for their cash-for-car program mainly because they might lose their license if they don’t follow the state requirements, rules, and regulations.

So, how does it work? When you sign up for a ‘cash for cars’ program, you will sign over the title of the car to the used car dealership, along with providing them with a registration certificate (current). Many used car dealerships are also going to need your valid driver’s license just to make sure that it's you (and not that thief we talked about earlier).

If your head is spinning already, the good news is, if you want all these documents, then you can easily get them at the local DMV office.

What is the Condition of the Vehicle?

Now that you’re done with all the paperwork, it’s time to focus on the vehicle itself. This is crucial since it will help you during the haggling process once you sign up for the cash-for-cars program at a used car dealership. So, if you are junking a car, chances are, it’s in bad shape. However, if the vehicle you are selling is doing okay, then you will want to find out its condition and more importantly, how bad a condition it is.

For many customers, this often means putting your current vehicle in two categories: an old car with rust, serious damage, and many, many miles, or a late-model vehicle that requires minor cosmetic repairs. A quick visit to the mechanic should help you get a good idea of what you’re looking at. While, as the owner of the vehicle, you will know what’s wrong, it’s always best to get an opinion from an expert. Besides, this will provide you with some much-needed ammunition for when you are ironing out the details of the cash-for-cars deal.

Net More Money

It would be cool if we bought a new vehicle with the cash we get from our current vehicle, but it doesn’t always work that way, especially if you’re selling an older vehicle and have your eyes set on a late-model car. However, that doesn’t mean you can’t get a decent amount for your current vehicle.

Prospective Cash for Cars users may be curious as to how much the site will pay for their automobiles. It's a difficult amount to pin down because different elements influence an offer. Even tiny variations in trim and condition can have an impact on the quantity.

For instance, a used car dealership will pay the owner of an inoperable "Junker" between $100 and $400. It's a low statistic that reflects the fact that this automobile is little more than scrap metal. There is no prospect of restoring and road-testing this car.

A newer automobile in good condition, on the other hand, will command a significantly greater price. Customers have received anything from $10,000 to $15,000 based on the type, model, year, and condition of the vehicle. You can net an even higher amount if you happen to be selling a classic car.

The trick is in knowing what a used car dealership is going to do with the vehicle. This is why it is important to visit the dealership’s website to get an idea of what they are looking for in their cash-for-cars program. For example, a good-condition vehicle that is in high demand locally can get a better bargain from a dealership, while a clunker that requires too much work could be sold as junk by the dealership. In this case, you can’t expect a lot of money.

What about the License Plate?

This can be a tricky one, but depending on which state you live in, the rules may differ when it comes to license plates of vehicles. For instance, for those living in the State of Utah, the license plate of a vehicle remains with the owner of the vehicle during the sale, with the buyer having to register for a new one. So, remove your license plate if you do not want to get into trouble and must pay additional fees or if it's required in your state.

Ending Note

The cash-for-cars option is a great way for customers to buy another car by getting rid of their clunker. What makes this an attractive option for many folks is that you get money for your current vehicle that can be used as a down payment for a pre-owned vehicle that you’re interested in.

If you’re in the market for another car but you’re short on cash, then the cash-for-cars option will be perfect for you. The good news is there are many reputable dealerships, such as Marciano Auto Group Inc., that provide customers with the ‘cash for cars’ option if required contact us today.