When your beloved car has reached the end of its life, you want to dispose of it in a nice manner. The last thing you want is junk car yards lowballing you for your car. Knowing what your car is worth may be a tad difficult and it is made all the more worse with the behavior of unscrupulous dealers. Here are some junkyard scams you need to avoid now according to the quality people over at Junk Cars for Cash Minneapolis.
Not all are Bad
Contrary to what some people believe, most junkyards are actually quite honest when it comes to assessing your vehicle.
Legitimate cash for junk cars will provide you with the right valuation so you can get the most out of your clunker. However, this is not always the case. It is very hard to determine exactly but reports suggest that over a million used vehicles have been title washed. What this means is that a scrap vehicle was “rid” of its scrap brand and then resold as a used car.
Do you know how many pounds are there in a ton? If you answered 2000 pounds, chances are you are getting swindled. When it comes to scrapping cars, it is often valued on tonnage. The net ton is equal to 2000 pounds. However, the long or metric ton is equal to 2,2240 pounds. An unscrupulous junkyard will not tell you what units they are using. Chances are you can miss out on the real value.
Do not be too trusting. Stay vigilant on what units they are using when quoting you the price. If it smells fishy, walk away.
Reputable junkyards often provide free towing. Unscrupulous junkyards will not tell you that but instead will charge you by subtracting the tow cost from the amount of cash you will receive for your junk cars. Their MO usually calls for giving a high offer at the start but then demand some money for towing too. In some instances, they would charge double for towing. One charge included in the cost of the car and another for towing it away.
Always ask upfront about free towing in order to avoid surprises in the end.
Sometimes the junkyard will try to entice you with non-cash incentives. If this is the case, be careful. Here is how it goes. They offer customers a low rate for the vehicle. They then pair this with incentives like coupons so as to make up for the difference. They might look good at first glance but the value of the coupons is actually worthless. Most of the time the coupons they offer tend to be quite restrictive. It could be a holiday discount for limited times of the year. It could be discount vouchers that can only be availed under very specific situations.
Pressure Selling Junk Cars
One of the most common junkyard scams is to pressure you to sell so you give junk cars quickly without being able to get other better offers. A legitimate buyer will provide time to think about their offer as well as answer any concerns you might have. If the junkyard is pressuring you to make a decision quickly, it is time to look what others have to offer. Pressure selling is very poor customer service but is a classic con man move. Most folks make poor decisions when under pressure. This is what they are counting on you to do. Pressure selling happens over the phone or at the junkyard itself. They want to offer cash immediately while accepting any figure they provide. They will tell you that junk cars have much lower value and their one time offer expires today. Don’t fall for that trap. Walk away.
Payment Scheme For Junk Cars
It is vital you know the mode of payment at the outset. Cash is the safest way to get the value of your car. Checks can bounce and other forms of payment may not even happen. If you are not being paid cash upon handing your junk car over, there is a huge chance you will not see one cent. If you have already signed the title to them, you simply no longer own the car. They can always claim you have already been paid. Never ever sign anything until you have actual cash on your hands. Installment payments are a big no-no in the junkyard industry. Don’t let them tell you it’s the norm.
There are many scams out there but this should not stop you from being able to sell your car at a decent price. Do your due diligence when looking for junkyards. Always walk away when something does not sound right.