Do you have a salvage title vehicle you’re trying to get rid of? Is the car registered in the state of Texas? If you answered yes to both of those questions, this guide is for you!
Selling a salvage vehicle is only slightly different than selling a vehicle with a clean title. However, there are a few things you can expect when you’re dealing with any vehicle that’s not roadworthy. Here’s what you need to know about how to sell a salvage car in Texas.
How to Sell a Salvage Title Car in Texas
As you’re likely aware, a salvage title vehicle is a car that an insurance company has “totaled.” That means that it will cost more to fix the car than a reasonable percentage of the car’s total value.
In Texas, it’s not legal to drive a salvage vehicle. These cars have been declared unsafe for travel on public roads. Therefore, you will not be able to acquire insurance that meets the state’s minimum requirements. As a result, you will not be able to register your car.
So what do you do with it? Well, the easiest option is to sell it. You can do this in a number of ways.
First, you may choose to do repair work on the vehicle. If you fix your car and have it inspected, it’s possible to obtain a rebuilt title. Rebuilt titles render your car drivable again, making it a bit easier to sell your car.
Secondly, you may choose to sell your car for parts. Junkyards will pay you a flat fee (determined by the business) for your car. Alternatively, you can sell parts of your vehicle to private buyers. Do be sure you let them know about the status of your vehicle title.
Thirdly, you may choose to sell your car “as-is.” Listing your vehicle on an online marketplace or auction platform will likely net you the most money in the end. However, you will probably not receive the full value of your motor vehicle. You also may have some hesitant buyers who will try to talk down the price of the car significantly, so keep that in mind as you set your selling price.
All of the above are great ways to sell a salvage car in Texas legally. Some are quicker than others, so choose the option that best fits your needs.
Salvage Car Sales: Tips to Remember
Whether you’re selling your car for parts, selling it as-is, or selling it to a scrap yard, there are a few things you’ll need to remember.
- It’s critical that you be completely honest with your buyer, no matter who he or she is. Let them know that it is a salvaged vehicle and explain to the best of your ability what caused the damage. Failure to do so can constitute fraud, a serious legal offense.
- Even if you’ve rebuilt your vehicle and obtained a rebuilt title, you should let the buyer know this is the case. The easiest way to offer full disclosure is to provide a CarFax or other vehicle history report.
- Junkyards generally don’t care about the title status of your motor vehicle. That makes these buyers the easiest to deal with. However, they’ll usually pay the least.
- People are naturally (and rightfully) apprehensive about buying salvage title cars. Expect to get quite a few questions from prospective buyers if you post your car for sale as-is.
Conclusion: Selling a Salvage Title Motor Vehicle in Texas
It’s not legal to drive a salvage title vehicle in the Lone Star State, but it’s legal to buy and sell one! Now that you know how to sell a salvage car in Texas, you can list your vehicle and get as much money as possible in the process.