Tuesday, March 4, 2014, AM | 4 Comments
Your car might have faithful companion from the start, but there comes a time when your vehicle meets the end of the road. An accident or a mechanical malfunction might most of your car intact, but most buyers aren’t going to pay top dollar for a car with a bad transmission or a wrinkled fender.
At times like these, selling your car for parts can be far more profitable than selling it as a whole. Parting out a vehicle is a profitable way of disposing your vehicle while helping others get their cars back on the road at a lower price as well.
Assess the Condition of Your Parts
Start off by taking a look at the current condition of your car’s parts, especially the powertrain components.
Keep in mind the age and mileage of the vehicle before it was parted out and make notes if any components were recently replaced shortly before dismantling.
An engine, transmission or driveshaft that’s in excellent condition can fetch hundreds of dollars.
Research Current Car Parts and Costs
Find out how much your vehicle’s parts are fetching on the open market and adjust your asking prices accordingly. This information is readily available from most major auto parts store websites, used auto parts outlets and even some auto salvage companies.
Pricing your parts slightly lower than the competition new or used will insure a quick and fair sale, in most cases. Plus, if buyers try to test you on your asking price, you can give them an example of what that car part is going for on the market.
Good Photography Always Helps
Your car parts might be of the highest quality, but it’s hard to tell with bad lighting, bad composition or a blurry photo. Any image you post to your online ad should be clear, concise and feature the exact parts referenced by the advertisement.
Make sure to have plenty of lighting and use a neutral background to show off each and every aspect of the parts in question.
Your ad could help you or hurt you depending on how it looks, so take the time to make it look good and thoroughly describe the parts. You’re more likely to get responses that way.
Don’t hesitate to negotiate with a potential buyer. That doesn’t mean you have to give away your parts at a significant discount, but a sale that’s just a few dollars below your asking price adds extra dough to your pockets.
If you are a stickler with your prices, many buyers will figure that they can go somewhere else to negotiate. Again, don’t just give the parts away, but be willing to negotiate and you will get the parts sold much more easily as well as quickly.
If you’ve decided that selling your car for parts is going to be the best route for you, don’t just jump in and sell them to anyone.
Do your homework, get organized, and create a great ad that will attract the right kind of buyers.
If you strategically research and plan out how to sell each part, you will get the money you deserve in order to help you get going on paying for your next car.
This article was written by Dixie Somers, a freelance writer who loves to write about business, finance, women’s interests, or home and family. Dixie lives in Arizona with her husband and three beautiful daughters. She got her information on car parts and advice for selling parts from specialists who work on Subaru SVX parts and are familiar with the value and cost of car parts as well as the best way to go about selling them.