Automotive

How To Profitably Sell A Car For Parts Without Legal Issues

Sometimes, as a result of an accident or for other reasons, it is impossible to restore a car, and then the only opportunity to sell it remains – for parts. But before submitting an ad, it does not hurt to learn about some of the nuances of such a car implementation, otherwise, you may run into serious problems. In the article, we will talk about how to sell a car for parts and what documents you need to stock up for this.

When is it better to sell a car for parts:

In some cases, it is easier and more cost-effective to sell your car than to restore it. Often the owner of the car is to blame for the breakdowns that led to such an outcome since cars practically do not have design features that can permanently disable them out of the blue.

Many are of the opinion that the owners of completely “killed” vehicles decide to sell the car for spare parts. In fact, there is a huge number of motives, guided by which car owners decide to sell vehicles:

  • After an accident, the car was found to be seriously damaged;
  • A short circuit or an accident led to a fire in the car;
  • The vehicle has been damaged, for example, by drowning or exposure to chemicals or acids;
  • As a result of an accident, fire, etc., the car cannot be restored with further use as a vehicle;
  • The car does not meet certain standards, for example, environmental;
  • Any legal nuances prevent the use of the car.

For the reasons listed, the owners decide to sell the car for parts as a whole.

Some cars have certain features, not knowing about which before purchasing the vehicle, you can start to misuse it. As a result, it may be necessary to overhaul or replace the engine. The culprit of such breakdowns as water hammers and the rotation of the liners is the owner of the machine himself. The cost of repairs, in this case, is very high, so if the car is old enough, it is not economically feasible to repair it. On the contrary, the owner should think about how to sell the car for parts.

Having decided to sell the car for parts, the car owner will most likely think about the possibility of the undertaken event.

The expediency of selling a car for spare parts depends on many factors:

  • On the prevalence of the brand/model of the car – the higher it is, the more in demand are spare parts for it in the secondary market.
  • From the year of manufacture – the cost of spare parts during the sale depends, among other things, on the degree of wear of the native units and parts, which most often do not change.
  • On the type and degree of problems with the car, and the difference in cost can be very significant since some cars with non-technical problems can be sold for spare parts for a rather high price, even if they are sold entirely.
  • The technical condition – it plays a significant role, since a number of replaced spare parts may be younger than the machine itself and be in excellent condition.

The feasibility and payback of selling a car for spare parts also depend on where and how it will be sold.

If you are thinking about where to sell a car for parts, then we offer several options:

  • Sell ​​a car for parts as a whole:- This option is the fastest, as the number of companies buy used cars off the run is growing due to the demand for inexpensive spare parts for the secondary car market. Thus, you can sell any vehicle, however, the above conditions significantly affect the cost: it can be either exclusively symbolic or quite decent. However, it will not be possible to sell such a car at market value.
  • Give the car for disassembly for parts with the further sale to intermediaries (garage car mechanics, car wreckers, car removal companies, etc.):- This option is optimal since it does not imply self-sale of parts, while the cost will be higher than if you sell the entire vehicle. In this case, you will need to wait for the sale of the car and check the intermediary from time to time.
  • Sell ​​a car for parts yourself:- This option will bring the most money, but at the same time, it will require the most expenses (at least temporarily). The method is optimal for car owners who are versed in technology since a number of spare parts need preliminary preparation for sale. In the absence of the appropriate knowledge, you can contact a car mechanic who, for a certain fee (from 5 to 15 thousand rubles), will help you properly disassemble the car and prepare spare parts for sale.

So, self-realization of a car for parts will bring three times more profit than putting it in for parts as a whole. However, the final choice depends on what is of higher priority for you – money or time spent.

Is it profitable to sell a car for spare parts:

Is it profitable to sell a car for spare parts, consider the example of a two-liter “Alfa Romeo 145” produced in 1996, in which after a serious accident only the trunk lid remained intact, there are no glasses, and a number of suspension elements are damaged?

For 8 years, the car stood in a leaking garage, the interior was damaged, the wiring was also out of order. You could sell such a car for parts for a maximum of $ 500. The owner decided to implement it piece by piece. He paid $ 150 to the mechanic, and sold the parts on the Internet himself, spending about 6 months on it.

Let’s talk about the advantages and disadvantages of the options for selling a car for spare parts in whole or in detail.

Advantages:

  • Low price at which dealers buy cars.
  • Deciding to sell the car for parts:
  • You can get 2-3 times more money for it.

But this option has a number of disadvantages:

  • The need for tools, a garage, and car disassembly skills;
  • The sale of parts can take a long time;
  • Parts of the car that are not in demand will remain unsold.

Documents and taxes when selling a car for spare parts:

Thinking about how to sell a car for spare parts, remember that you cannot transfer the vehicle to a reseller before processing the documents and receiving money. Of course, serious companies are unlikely to cheat customers, but you can expect anything from small and unknown firms. In order to sell a broken car, you need to issue:

  • Car sale and purchase agreement;
  • Power of attorney for the right to transport the vehicle;
  • Power of attorney to remove the car from the traffic police register.

The power of attorney prescribes the buyer’s right to transport the car. In cooperation with the organization, it can also deal with the issues of removing the vehicle from registration, thereby saving you time.

The sale of a car by power of attorney is possible after the conclusion of a purchase and sale agreement in the presence of a notary and the subsequent transfer of money.

How to sell a car for parts entirely:

First of all, you should find a buyer. This can be done:

  • By submitting an advertisement in the newspaper (it is better to publish it in local people who buy well);
  • Offering a car to friends and acquaintances (through social networks, personal meetings, profile events);
  • Posting ads on specialized sites (auto forums, etc.).

The more methods you use, the faster you will achieve the result, that is, you will find a buyer (ideally, use all three options).

It is important for the buyer to understand what he is being offered, how the car looks like. The use of photographs in your ad is mandatory.

Buyer’s interest can be increased by high-quality photographs, for which it is worth choosing the right angle.

Also, indicate the price for which you want to sell the car for parts. To determine it, you can:

  • Use special services that determine the market value;
  • Analyze advertisements for the sale of similar cars.

What it takes to sell a car engine for parts:

You cannot simply remove the engine from the car and sell it, as it is illegal.

In order to sell this spare part of the car, you must contact the traffic police for a certificate of removal of this part from the car.

To obtain a certificate, it is necessary to pay a state duty and provide the engine for inspection to specialists who will check its number, etc. After that, the car owner will be given a certificate, which is a document confirming the ownership of the car unit and allowing it to be legally sold.

Only after obtaining a certificate can the internal combustion engine be removed and sold. If in the future the car owner decides to install a new engine and continue to operate the car, then he will have to legally buy it, install it on the vehicle, register it with the traffic police and enter the relevant data into the TCP by checking the engine numbers.

If you decide to sell a car engine for spare parts, then an advertisement for the sale can be published on various Internet sites and auto forums. You can also contact resellers specializing in the sale of spare parts for old cars.

Although these methods do not guarantee a quick sale and minimum costs, they are optimal. The buyer will need to present a traffic police certificate confirming the legality of removing the engine from the car. After that, you can draw up a coolie-sale agreement, on the basis of which the motor will be transferred to a new owner who has the right to resell it or install it on a car, etc.

Also Read:- How to Select the Best Rental Car for a Road Trip?

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