How Much is Your Damaged Car Worth? Get Instant Quote
Car accidents can result in all kinds of damages – sometimes, it is easily reparable while in other instances, the damages are just too expensive. In the latter, you might move to sell car for cash in NJ and may start to wonder how much your damaged car is worth.
Even if you get it repaired, your car won’t be the same as it used to be, and one way or the other, the buyer will find out whether it has been in an accident before.
Whether your car has been damaged in floodwaters, vandalized, t-boned, or a victim of theft, you have two ways at your disposal: keep using the car after getting it repaired or sell it to after claiming the insurance. Whatever the option you choose, you should consider the following to make the decision.
The Dilemma of Selling vs. Repairing
Damaged cars parked anywhere are an eyesore for everyone. In addition, you will keep on incurring costs of tax and insurance as long as you are in the possession. So you might be wondering what options you may have to get fast cash for cars in NJ?
If you decided to keep your car after it got damaged, then you must have planned to get it repaired. However, even after getting the insurance claim, you do not have enough to cover for the repairs.
Between frame repairs, professional labor, electrical parts, body panels, and paintwork, the bill can easily go as high as a few thousand dollars, which may reach up to the price of your car.
etting the insurance claim, you do not have enough to cover for the repairs. Between frame repairs, professional labor, electrical parts, body panels, and paintwork, the bill can easily go as high as a few thousand dollars, which may reach up to the price of your car.
It is a no-brainer that your car will instant depreciate in value and that too by a significant amount after the accident. Even if you bear all the repair expenses and get it to near-perfect condition, you still will experience thousands slashing off the resale value. So you will potentially be spending a lot more than you will get after you put it up for sale.
Selling your Damaged Car to a Salvage Yard
Another option to sell car for cash in NJ is to trade it into a salvage yard, but that wouldn’t give you a lot to go with. This because you will be getting peanuts for a car worth at least a few thousand dollars.
Most salvage yards weigh in your car for determining the exchange price, instead of the make, mileage, model, or condition. If you are too desperate to get cash on your old or damaged car, you may go with this option.
Your Best Bet?
Arguably, the most lucrative option for you is to go with auto buyers that provide instant cash for your less-than-perfect-car. Regardless of how worn down, damage, or beat up your car is, you can rest assured that you’ll be paid the best price than any other place in the market because they work on the ‘we buy a car for cash’ business model. If you want to get rid of your damaged car, then you should pick your phone up to get in touch with us to get fast cash for cars in Newark, NJ or any other nearby city.