Okay, so that clunker car has been adorning your driveway for too long and you"re anxious to get rid of it. With the condition the car is in, you can"t just list it for sale and expect many offers.
You are watching: Can you scrap a car with a title loan
Complete Our Online Quote Form to See How Much Your Vehicle is Worth!
Junk Car Title & Lien FAQ
Yes, it is still possible to get your car picked up without a title. Sometimes people lose titles, and when that happens we’ll need the VIN number. The VIN is located under the window on the driver side down on the dashboard, or just inside the driver door either on the door or on the frame inside the door. Some foreign models have the VIN number on the frame inside the back door, driver side. Another good place to find a VIN is on an old insurance card or registration card. We then verify the VIN with the DMV to make sure there are no lien-holders. If it’s a clean title we can still buy it, but it will be at a reduced price due to admin paperwork. If there is a lien-holder or its registered out of state, we may impound it.
If you want to get a new title you have to apply at the DMV. From the DMV website, you can download and fill out an “Application for Utah Duplicate Title” form TC-123. A DMV agent can verify it has been filled it out properly. A new title application fee costs $6. For more info click here to visit the Utah DMV website.
A lien is the right of a 3rd party to claim ownership of a vehicle until the loan has been paid off. Typically this is a bank or credit union, or a title loan company like TitleMax or Utah Title Loans. They keep your title as collateral until the loan is paid off. You can’t sell the vehicle until you pay the outstanding loan amount, or pay in full. The bank or title loan company is the Lien Holder.
Here are some ways to get money out of your junk car even if you don"t have the current title for the car.
Sell Valuable PartsIf you"re handy and know something about car mechanics, take inventory of any parts that might be valuable and get ready to get greasy. A little research online will tell you how much people are paying for specific parts on different auction sites. Pick the ones you feel are worth your time and effort, get them out of the car, clean them up a little, and post them for sale. Make sure to include all pertinent details in your listing including condition and year the part was installed. Don"t forget to figure out how much it will cost to ship. Some of those parts can get heavy and you don’t want to get stuck paying for shipping costs.
See more: P 81 What Is The Most Critical Factor In The Agency-Client Relationship?
If your tires are in decent shape, go ahead and try listing them for sale on a local classified site. There are many people looking to buy used tires, as long as they are still usable. Take a minute to wash the tires off before you take photos for your listing. This will make them look a lot better and much more appealing to potential buyers.Junk My Car No Title Near Salt Lake City, UtahSell your car the fast & easy way! Call Junk Car Cash Out today for a free cash quote on your wrecked or totaled car. Towing is free!