There are 3 ways to sell a car with problems. You can sell privately, to a dealer, or online to a broken car buying service. Let’s look at which option is best and why. We are leaving off the option to sell to a junkyard, as that will give you nothing compared to a proper sale.
People are wary of cars with mechanical problems, as they are hard to diagnose properly. Therefore, you can expect a low price from a private sale, unless you get very lucky. It is also likely that it will take a long time.
Selling to a car dealer as part exchange for a new car is always going to pay less than any other option. They don’t want the hassle of having an old car to fix. Expect a low price.
Broken car buyers like Sell The Car USA are an amazing and relatively new service. They buy cars everywhere in any condition. That means that they have all the parts to fix damaged cars and the mechanics to do the work. These people want your car with mechanical or engine problems.
The used car industry is definitely on your side at the moment, as not many people are selling their cars. There are a number of reasons why late 2021 is a great time to sell a car. Therefore, you should try and do it the quickest way. This would be using a broken car-buying website like Sell The Car USA.
The service is quite simple: get an online quote by providing information about the car. Then you will be offered a price. If you accept it they will pick up the vehicle from your house. The best part is that pickup is free, and they pay you when they collect the car. Plus, they buy cars all over America.
Common Problems with Cars:
- Turbo Failure
- Flat Tires
- Brakes Squeaking or Grinding
- Alternator Failure
- Broken Starter Motor
- Warning Lights
- Damaged Bearings
- A Sputtering Engine
- Poor Fuel Economy
- Dead Battery
The list could go on much longer, but you get the point. There are many things that can lead to your car being a problem to sell. That’s why you want to sell it to someone who wants it because they will either fix it or use parts of it to fix other cars.
Why is late 2021 such a good time to sell a problem car?
It all boils down to basic economics. People aren’t buying new cars because they are keeping their old cars. This is due to cost and not being able to afford electric cars, which are also scarce. Even new cars are currently scarce, and sales are down at least a quarter in the USA because of a lack of parts.
The whole world is having trouble finding parts for electronic devices right now. This includes the chips used in cars. It means there aren’t enough new cars getting made. People are also unsure whether to buy electricity next, so many are holding on to their old car for a few extra years.
People are also feeling the effects of the economic problems over the past 18 months. Those who are buying cars are therefore more likely to want a cheaper old car than a new one they can’t afford.
All this means demand for used cars is higher than the supply. This means the prices for old cars have gone up, and you will get paid more. Try a couple of car-buying websites. Another is called We Buy Any Car. See which gives the best price and service. Double-check if they include pick-up of the car from your address.
Good luck now is a great time to sell a car with mechanical problems, and you should get a great deal. Once the parts come in and more new cars are made, the price will go down a bit, but we can expect used cars to be more valuable for a while.