You might probably hear the words junk or salvage cars several times. You might think that this means the same thing as both words is used to mean cars that are no longer in good condition. However, if you would notice, there is a big difference between the two.
Do you want to know what it is? Read and know the difference. This would give you large benefits next time you are planning to your sell or recycle your car.
You might have probably seen junk cars being recycled or just simply stored in warehouses or garage. Compared to salvage cars, a junk car is determined depending on the date when it was made, the model of the car and so on. In other words, you are given the idea that junk cars are cars that do not value worth.
However, despite the condition of the cars, the only value you could get is the materials that are used to make the car. This is often referred to as the car parts such as tires, the aluminum body, the rims and much more. In most cases, you the value of the car is determined by the weight of the car and the other corresponding scrap metals that go along with it.
These refer to the cars that have a Salvage Title or also called as a Rebuild able Title. This means that the car was once damaged and the insurance company has claims of its ownership. This is made legal when the claims are made. After this, the insurance company would then have a declaration that the car is Total Loss.
This would mean the repairs of the car would be more than the value of its worth. Hence, the insurance company has the right to have total ownership of the car. The best examples of salvage cars are those that are involved in serious accidents. The cars could have both external and outer damage so it would be impossible to restore the car to its original state.
What is the Best Thing You Could Do if you have These Cars?
Since both cars are hard to be used anymore, the best thing you could do is dispose it and turn it into cash. You might consider selling the car parts to a trusted and reliable recycling company. The recycling process is fast and easy so you would not have any problems in dealing with the car.
The trusted company could help you in making cold cash using the valued parts of the car so rest assured you don’t have any problem in storing it in your garage. Remember: even though these cars are considered to be useless to use anymore, you are still given the best opportunity of making money on the scrap metal parts given parts of the salvage car and the junk car.
Therefore, before you consider it as a complete waste, check the value of the price of the parts of a salvage car or junk car, who knows, you might get a bigger car more than you expected.