How to Profit from Your Totaled Car by Selling Used Auto Parts

May 23

12:18

2024

Orson Dixon

Did your car get totaled in a recent accident and is now just taking up space in your backyard? Why not turn that wreck into cash by selling it to a dealer of used auto parts? Not only can you make some money, but you’ll also be contributing to environmental sustainability by recycling usable parts. However, to maximize your profit and avoid potential pitfalls, it’s crucial to do your homework before selling. Here’s a comprehensive guide to help you navigate the process.

Why Sell Your Totaled Car to a Used Auto Parts Dealer?

Selling your totaled car to a used auto parts dealer can be a win-win situation. You get to clear up space, make some money, and contribute to environmental conservation. According to the Automotive Recyclers Association, approximately 86% of a car’s material content is recycled, making it one of the most recycled consumer products in the world (source).

Steps to Find a Reputable Dealer

1. Gather Recommendations

Start by asking friends, family, and neighbors if they have sold a broken-down car recently. If they have, inquire about their experience with the dealer, including the price they received and whether the dealer was open to negotiation. If personal recommendations are scarce, turn to online reviews and forums for insights.

2. Contact the Dealer

Once you have a list of potential dealers, call them to discuss your situation. Ask if they offer towing services, as this can save you a lot of hassle. Also, inquire if they are willing to come for a preliminary negotiation.

3. Negotiate Before Towing

When the dealer arrives for the preliminary negotiation, discuss the prices before they tow your car. Research the standard prices of auto parts online to ensure you’re getting a fair deal. Websites like Kelley Blue Book (source) can provide valuable information on the value of car parts.

Interesting Stats About Auto Recycling

Economic Impact: The auto recycling industry in the United States employs over 140,000 people and contributes approximately $32 billion to the national GDP (source).
Environmental Benefits: Recycling steel from cars saves enough energy to power about 18 million households for a year (source).
Material Recovery: Around 25 million tons of materials are recycled from old vehicles each year, including steel, aluminum, and plastics (source).

Conclusion

Selling your totaled car to a used auto parts dealer can be a lucrative and environmentally friendly option. By doing your research and negotiating wisely, you can ensure you get the best possible deal. So, start looking for reputable dealers today and turn that wreck into a resource.