How much is my truck worth is easy. Anyone can do it. There are used car valuation found all over the place – Trademe, CarJam, AA, Turner, just for examples. You can also compare your vehicle’s year, make, model and mileage with others that are for sale in your area.
How Does Body Damage Affect the Value of My Truck?
But if your truck is beaten up, wrecked, damaged, rusty, scrap, deregistered or a combination of these things, that valuation won’t be correct. Those prices are meant for trucks with the average condition, not vehicles with body damage.
So, how do you determine your truck’s value when it’s in below-average condition? One trick is to determine how many panels are damaged, multiply it by about $500, and take it off the Fair Market Value for your truck.
Will Repairs Restore My Truck Values Too?
You’d think that paying to have your truck fixed or completing an insurance claim will restore your truck values to pre-accident condition.
Unfortunately, that’s not quite true. When body repairs are done, especially on an insurance claim, it’s reported on its vehicle history report like CarJam. When someone is looking for a used vehicle and checks the CarJam report, they’ll see that significant body repairs have been done.
Repairs might bring up the selling price somewhat, but not the same amount as you’ll spend to fix it. Think about it as a comparison between your repaired truck and one that’s never been in an accident. They might look the same and drive the same, but if you know one has been fixed and the other hasn’t, which one would you choose?
Who Will Buy My Truck As Is?
Instead of fixing the body damage, you might think, “Forget the repairs. I’ll sell my truck fast as it is.” That can be a good way to go about it, knowing when you sell it, you won’t get the money back that you pay for repairs. But who’s going to buy my truck as is?
List your truck online on Trademe or Autotrader as your first option to sell your truck online. You might get some interest but not nearly as much as if your truck was in good condition. The people that email, text, and call at all hours want to hassle you down to almost nothing, thinking they’re doing you a favour. There are a few buyers out there, but they’re looking for a cheap deal.
How much is my junk car worth?
Dealership – Damaged Truck Valuation
Setting a price for your damaged truck isn’t easy. It still has worth to you and there’s probably lots of life left in it. You want to get the best price for it, but not give it away. What do you do?
You can get your truck valuation by a manager at a local dealership. They’re going to try to sell you a new vehicle, so beware of their sales tactics. Plus, they aren’t overly interested in damaged vehicles so when you ask them for the value of my pickup truck, you might get a very low quote.
Another option is to calculate truck values by subtracting the amount of damage from the Fair Market Value price as we did earlier.
How Can I Sell My Truck Fast?
Most truck buyers want a truck they can drive right away, not one they need to sink time and money into before it’s roadworthy. Unless you hit the jackpot, it could take weeks or months to find the right person to buy your truck with body damage. Selling it Atlas Auto is the best option to sell it fast. We buy trucks in any condition and pay instant cash.
Looking to sell your truck for the best price and without the hassle of finding a private buyer? Avoid the calls, texts, and emails and get the best free cash offer from Atlas Auto. If you like the offer, simply accept it and you’ll get paid cash for your vehicle. Atlas Auto will even pick it up from you, running or not, at no cost to you.
Get an offer now to sell your damaged truck.