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Sell My Car for Cash to a Junkyard – What Does the Initial Price Quote Mean?

If you’re planning to “sell my car for cash” to a Belton, Texas, car buyer that operates as a junkyard, the first step in the selling process is receiving a “free price quote” for how much the junkyard will to pay for the vehicle.

You can receive the initial quote in writing, but it is common to receive it over the phone or through the buyer’s email-based contact form. Regardless of how you receive the quote, you need to know what it means to have the right expectation for the sale. Below are the three things that an initial price quote from a Belton, Texas, car buyer could possibly mean.

1. You’ll Receive Almost Exactly the Price You’re Quoted

Many buyers don’t promise to pay the initial price quote. Instead, they base the quote on the information you supply about your vehicle, such as make and model, model year, mileage, overall condition, and collision history.

Based on these criteria, an experienced junkyard can provide you with an accurate quote that isn’t likely to deviate much from the final offer.

2. You’ll Receive Generally the Same Price You’re Quoted

Most Belton, Texas, car buyers provide you with general estimate of what you’ll receive. The information is often an average of what the junkyard paid for the same make and model, in roughly the same condition, over the past few months.

Because junkyard payouts for specific types of vehicles tend to be about the same from purchase to purchase, the estimate can be quite accurate compared to the final price.

3. You’ll Receive a Bait and Switch of the Price You’re Quoted

No one likes to talk about it, but it happens regularly at unscrupulous junkyards. You’re quoted a highly competitive price, and you agree to sell the vehicle. Then, when the tow truck arrives to pay you and tow your vehicle, you’re offered a price considerably lower than the price quote.

If you voice disagreement, the tow truck driver may scramble for an explanation. But remember: He’s only been there for a few minutes – not nearly enough time to find something that justifies a major price change. Also, remember that you are under no obligation to sell the car just because the tow-tucked arrived.

What do you do? Tell the driver you’re willing to accept the quoted price – or slightly less, if you feel so inclined. If he won’t budge, tell him you are canceling the sale, and ask him to leave your property. This isn’t what bait and switch junkyards expect, but it’s definitely what they deserve.

Need Guidance Selling Your Car?

If you need assistance selling your junk car for a fair price, consult auto industry price guides, and request price quotes from at least three Belton, Texas, car buyers. Taking these options will equip you with more knowledge for conducting the sale. Explore them today!

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