When you have decided to extract equity out of your movable but damaged asset like car, you may not know where to start. Just take a few minutes off and read this ready reckoner to help understand the requirements to be fulfilled for selling the damaged cars or exporting the cars.
Selling Damaged Car – Process Explained
Some cars reach the point that even keeping them stationed in garage attracts cost. People have tendency to keep repairing the car or do as the maintenance experts’ advice. It costs them more than they bargained for. The better approach is to look for a used car expert, sell damaged cars and earn money. Here is what you need.
- Keep all documents like car registration, insurance policy, your ID proof copy, maintenance records handy.
- Visit the used car dealer who can guide you on how to sell damaged cars. They may take the car from you at the best possible price.
- You can shop for such car dealers and get the best rate available. The damage should be informed about clearly in advance to make a fair deal.
- Close the deal with the service provider of your choice
- Relinquish keys and all registration papers to the buyers’ name to avoid any legal hassle in future.
It is advisable to reach the reputed evaluators who can provide you the correct value of the car. You may also put the insurance paper on table to help the buyers have an idea of the car’s final value once you decide to sell damaged cars.
Exporting the Car – A Few Facts to Know
You cannot drive a car in Malaysia once it reaches the scrap stage, or your certificate of entitlement is expired. The other countries may have different norms that may allow you to keep the car usable. Hence, instead of giving up the vehicle forever, you may choose exporting your car to other country. Here is how it is done.
The car is taken in for storage by the service provider. The dealer of exporting the car service will take all the documents from you and will put it in government-approved export processing zones. The car is moved out of these zones strictly as per the customs’ rules.
The expert in exporting your car keeps an account of the countries where your car’s brand is in high demand. It helps you get the best value for the car. The price may be high in those countries where the car’s features appeal to the customers the most. Hence, it is advisable to team with professionals who work sincerely towards fetching you the best price.
Exporting the car is not same as selling the car to another buyer understandably. Brze is the most trusted service provider in Singapore for selling cars, towing vehicles and getting insurance claims. This expert has diversified services that cover selling of damaged cars and exporting the cars. Reach out to the experts here for all you need to know and for complete selling support.