You’ve got a damaged, written off vehicle on your hands… now what? Getting rid of a salvage vehicle can be unfamiliar territory for many. Luckily, there are many damaged and second-hand vehicle buyers that are willing to put money in your pockets for your write-off.
This process often leads to questions about how it all works. At 1800 Salvage, we’re here to make things quick and easy — so read on to learn about the process of selling your damaged vehicle in Australia.
1. Assess Your Damaged Vehicle
While some damaged cars can be repaired, with larger accidents it is likely that the cost of repairs will outweigh any value you would receive back when selling your carin usable condition. Maybe your insurance company has already declared your car a write-off.
If you’re reading this, you’re probably at the stage of wanting to rid yourself of your salvage vehicle. This is the quickest and easiest solution to get money back for your damaged car.
2. Choose a Salvage Company to Buy Your Car
There are a few steps to choosing the right salvage company to buy your car. Here are a few important points to consider.
• Car brands purchased: Some salvage car companies purchase only specific car brands. Make sure your chosen business purchases your make and model.
• Vehicle valuation process: Does the company’s vehicle valuation process meet your needs and schedule? For example, at 1800 Salvage, we offerDesktop Assessment. This means no appointment is needed — we provide competitive purchase prices while you’re in the comfort of your own home.
• Car collection: Where is your vehicle currently located? Whether in a car park or private property, make sure your chosen salvage company is able to collect it. 1800 Salvage works with a towing company to ensure we can access vehicles in any location.
• Speed of payment: Consider the company’s payment process and how quickly you will receive money in your pocket after the sale.
• Customer service: Check your salvage company’s reputation and reviews to ensure you receive the smoothest, easiest car buying experience.
3. Vehicle Valuation
Once you’ve chosen your salvage car buyer, they will conduct a vehicle valuation process.You can then choose to accept this offer and being the car sale process.
With 1800Salvage, after the purchase price is accepted, all paperwork can be done electronically via email. Both parties will receive a copy of the signed contracts of sale.
4. Payment in Your Pocket
After the paperwork is complete, 1800 Salvage sends payment to the vehicle seller.
Note that within Victoria, legislation states that car salvage payments must be made by bank transfer. With many banks implementing OSKO quick payments, most transfers from 1800 Salvage occur instantly, or within hours.
5. Vehicle Collection
Once the funds have been received by the seller, 1800 Salvage will organise vehicle pick-up within48 hours of initial contract signing — or when suits the seller best. This process can be completed contactless, by leaving the keys in the letterbox or under a wheel arch.
After this simple process, it’s all done! You now have a free spot in your garage, and a top up in your bank account.
6. Registration Refund
Some car buyers, particularly 1800 Salvage, specialise in purchasing unregistered vehicles. This means that upon selling your write-off, we normally request any remaining registration on your vehicle be refunded to you by VicRoads. This can be done by taking your licence plates and paperwork to VicRoads to get reimbursed for remaining registration.
Typically, around $50 per month will be reimbursed to you.
Sell Your Car With 1800 Salvage
At 1800 Salvage, we make the damaged car buying process quick, easy, and done-for-you. Our customer service is second to none, as we aim for next-day pick up and instant funds in your account.
Contact us to purchase your salvage vehicle today.