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Am I being ripped off by a salvage yard?

I have a 05 Toyota Matrix with 170k miles on it. The front of it has major body damage and some minor damage under the hood due to a deer collision. The salvage yard offered me 400$ for it. Am I being ripped off?

14 Answers

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  • Kenny
    Lv 7
    5 years ago
    Favorite Answer

    Advertise to see if you can get more . Cages list or the newspaper . The salvage yard is trying to make money .

  • ?
    Lv 4
    5 years ago

    Yards pay that much and less. If you find one that pays more or can make the car roadworthy, you might consider that. Realize that you aren't trying to sell a used car. You're trying to sell a wreck. Sure they might make $400 selling just the engine or transmission, but they need to make money. That's business. If you only forgot to mention an insurance settlement that changes the story a little- your settlement - about bluebook price, minus the salvage if you want to keep the hulk. but you could put it on craigs list for $750 and try your luck there.

  • Anonymous
    5 years ago

    A written off car is worth what someone is willing to pay for it.

    You can call around some other yards, or advertise it for sale. But that's the sort of money that insurance companies sell written off cars for. It's it's something valuable and low mileage you might get more because a good BMW M6 engine is worth good money. But a high mileage Toyota? A few hundred for the wreck.

  • 5 years ago

    That's what you get for driving without insurance. Yards pay that much and less. If you find one that pays more or can make the car roadworthy, you might consider that. Realize that you aren't trying to sell a used car. You're trying to sell a wreck. Sure they might make $400 selling just the engine or transmission, but they need to make money. That's business. If you only forgot to mention an insurance settlement that changes the story a little- your settlement - about bluebook price, minus the salvage if you want to keep the hulk. Maybe they gave you $6000 for the car but you found out fixing it would cost $7000. Expensive lesson. See if a foreign car mechanic want it for parts.

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  • br549
    Lv 7
    5 years ago

    How could you be being "ripped off?" Nobody is making you sell it are they? Don't you have control? Suppose I were to offer $50.00, would that mean I was "ripping you?" That's about what most yards I deal with would offer, most less than that.

    Yeah, you can try and sell the whole or parts via craigslist, but that can turn into a headache. Never hurts to try though.

  • 5 years ago

    Kenny's right. They are not going to offer more than they expect it to be worth. His advice when corrected for spelling suggests CraigsList. Try it. someone out there may be looking for a good engine and drive train to marry into a Toyota with no body damage but a blown engine.

  • Snezzy
    Lv 7
    5 years ago

    Kenny's right. They are not going to offer more than they expect it to be worth. His advice when corrected for spelling suggests CraigsList. Try it. someone out there may be looking for a good engine and drive train to marry into a Toyota with no body damage but a blown engine.

  • 5 years ago

    You have an old, damaged vehicle. $400 sounds about right for price per pound salvage rates, especially if they throw in a free tow.

  • 5 years ago

    Yea

  • 5 years ago

    Nope, sounds fair to me. The car is basically un-sellable, but you could put it on craigs list for $750 and try your luck there.

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