Why Sell a Written-Off Car to a Cash For Cars Buyer?

10 June 2022
 Categories: , Blog

If your car has been classified as a write-off, then you might not be sure what to do with it. Some written-off cars can be repaired, passed fit for use and reregistered. However, if you don't want to use the vehicle any longer, then you might want to sell it instead.

While you can sometimes get written-off cars back into a legally acceptable condition to sell to dealers or private buyers, this isn't always the best route to take. Sometimes, it makes more sense to sell the vehicle to a cash for junk cars company. When should you consider this kind of sale?

Your Car Is a Statutory Write-Off

Some cars are repairable write-offs. You can fix their damage and get them back on the road legally again. However, some cars are statutory write-offs.

If your car has a statutory write-off classification, then this means that you can't repair it. You shouldn't even try. It will never be safe to drive again, and you won't be able to reregister it.

In this case, you can get rid of the vehicle and make some money by selling it to a cash for junk cars company. They will pay cash for the vehicle and take it away for you. You don't have to worry about how to dispose of it.

You Don't Want to Pay to Repair the Car

Insurance companies often write off cars that are repairable because the costs of repair are higher than the insured value of the vehicle. Some car owners will repair their cars at this point. They'll either use them again or sell them.

However, this can be an expensive process. As well as paying for repairs, you'll have various assessment, inspection and reregistration costs. If you sell to a cash for cars company, then you can cut your losses and make some fast money.

You Won't Get a Fair Price For the Car

Even if your state doesn't legally require you to disclose the fact that your car has been classified as a write-off when you sell it, buyers can find out this information. They can run write-off checks on the vehicle.

Buyers won't want to pay market rates for a written-off car even if you've repaired all the damage and it is roadworthy. You'll get a faster, less problematic and potentially higher value sale if you sell the vehicle now to a cash-for-cars specialist.

To find out more about how much your write-off is worth, contact local cash for junk car companies.