Can I Sell My Junk Car For $500? Yes! Here’s How

Getting $500 cash for junk cars isn't easy, but possible. Junk cars sell for $500 or more when they are heavier and when they have reusable car parts. Find out now if your vehicle is worth $500 cash.

Everything to Know About Selling Junk Cars for $500 Cash

Selling a junk car for $500 is selling one that is no longer roadworthy or worth repairing. The term “junker” is often used to describe a car in poor condition and not worth fixing.  So, receiving $500 cash for junk cars may not be easy.  But it certainly is possible.

Could you sell a junk car for $500?  The answer is yes; you can sell a junk car for $500 if your junk car meets specific requirements. These requirements are the vehicle weight, condition, and scrap metal markets. The heavier cars, trucks, and SUVs are the types of junk cars that sell for $500.  Getting $500 cash for cars near me with no valuable car parts will be hard.

The price of scrap metal continues to surge. Therefore, auto salvage yards and Cash for Junk Cars services are paying $500 or more quite often.

Recent Junk Cars That Sold For More Than $500 Cash

Here is a list of junk cars that recently sold for $500 or more cash.

Vehicle Offer Price
2010 Ford F-150 $550
2013 Ford Taurus $590
2013 Nissan Sentra $660
2014 Chevrolet Malibu $525
2011 Jeep Grand Cherokee $895

Watch Our Video on How to Get $500 Cash for Junk Cars

How to Get $500 Cash for Junk Cars From Nearby Junk Car Buyers

For $500 cash for a junk car, follow the steps below.

1. Find Nearby Junk Car Buyers That Pay $500 Cash For Junk Cars

The best way to sell your junk car for $500 is to find a junk car buyer. Sellers should note that if they sell their junk car to a junkyard, they will have to pay to tow it, which can be a hassle and another expense.

Selling a junk car online is an easy way to get cash for a vehicle. Sellers can visit online marketplaces or search for “junk car buyers” online to find a local business in the area that buys junk cars.

When looking for a junk car buyer, it’s essential to consider the company’s reputation, pricing, and how easy it is to work with them. It’s also important to ensure the junk car buyer you select is licensed and insured.

2. Describe Your Junk Car Accurately For Your Best Offer

Sellers who want to sell a junk car for $500 cash need to describe it accurately. This includes the make, model, and overall condition. Claiming a vehicle runs when it doesn’t will make selling it more challenging.  Junk car buyers will only pay $500 cash for a junk car if it is heavy or has valuable parts.  If the vehicle is heavy it will carry more scrap metal value.  If it has reusable parts they can be pulled and resold for profit.  These are the junk cars you can sell for $500 cash.

Remember that you don’t have to know everything about the vehicle, but you should be as upfront as possible when describing your vehicle.

You may want to disclose if some things are broken or missing. Anyone who lies and gets caught risks a bad reputation as a seller.

Be honest about the car’s condition when calling around to get quotes. The more accurate you are, the better your chance of getting a fair price. If you try to sell a junk car without disclosing its issues, the buyer may back out of the deal or lowball you.

Be prepared to answer questions like:

  • How many miles is on the car?
  • Does it have any body damage?
  • What kind of shape is the interior?
  • Does it run and drive?

The more information given, the easier it is for buyers to decide if they can pay $500 cash for a junk car.

3. Don’t Be Afraid to Negotiate to Get $500 Cash

You may know what you want to sell your car for, and it’s good to have a price in mind. You don’t, however, have to stick to it. A potential buyer making an offer lower than the asking price puts the seller in a position to negotiate.

Remember that the buyer is likely trying to get the best deal possible. They may offer less than the seller wants for their car because they want to make a profit.

A seller planning to sell their junk car for $500 might be willing to take less if the price is right. If you’re planning on getting an offer for a junk car, it’s essential to research ahead of time and understand what your car is worth.

Sellers can use online resources like Kelley Blue Book or Edmunds to get an estimate of a car’s value or consult with a professional appraiser. Once you have a fair market value, start low and be prepared to negotiate until you reach a fair price for both parties.

4. Set a Pickup Time to Junk Your Car Same Day or in the Near Future

The seller may want to set a pickup time and location before listing a vehicle for sale. Failure to establish these things could put the seller at risk of the buyer backing out at the last minute if the buyer doesn’t want to make accommodations to retrieve the junk car.

You may also want to set a convenient pickup time for your work schedule. If you work during the day, you may want to list your vehicle at night when fewer people are on the road. You can also set a pickup location so potential buyers can visit you.

Sellers using a towing company must also set a time and location for towing their car. Most companies offer 24/7 service, so you can choose a time that is convenient for you.

You need to provide the tow truck driver with the address of where your car is located. Once everything is arranged, the tow truck driver will pick up your car and take it to the buyer.

Some junk car buying services offer towing as part of the sale, which may factor into your decision about who to sell your junk car.  You may also be able to get cash for cars on the same day.

5. Get Paid $500 Cash for Your Junk Car on Removal

Upon removal of your junk car, you will get paid on the spot for your vehicle.  This wraps up selling a junk car for $500 cash.  You can junk it for top dollar if your vehicle is of value.

Ready to sell your junk car for $500 cash?

It only takes a couple of minutes to get an offer and your car can be removed and you paid on the spot as soon as today!

Frequently Asked Questions

The easiest way to determine the value of your junk car is to get a free no-hassle offer. You can get an offer just to see the value, there is no requirement or cost.

The places that buy junk cars include junkyards, online junk car buyers, and private buyers. To get the most cash for junk cars use Junk Car Medics.

Yes it is possible. Although getting a replacement title will increase the value of your junk car. 

Learn more at our $500 cash for junk cars no title.

It depends on the amount of damage. If the valuable parts such as the engine, transmission, and catalytic converter are still in tact, and the vehicle is somewhat newer and larger, then yes it is possible to sell a damaged car for $500 cash.

Get multiple offers from vairous junk car buyers. You will see they should all be within a similar range.  If any or way too high or way too low you should avoid them.

Spring and summer are generally the best times to sell because there is more demand for metals like steel and aluminum. Winter is typically a slower time for scrap dealers, so you may not get as much money for your car.

No matter when you sell, be sure to get multiple quotes from scrap dealers before making a decision. This will help ensure that you get the best price for your car.

The best way to know if your car is worth $500 or more is to get offers from Cash for Junk Cars buyers and auto salvage yards. You can then compare the values to see if you can sell your junk car for $500.

No, it may be possible to sell your junk car for more than $500 even. Whether or not you can depends on the scrap value of your car. Currently, we are seeing junk cars sell for $1,000 cash at times.

Your best offer awaits