Do you want to sell your junk RV since it is inoperable because it has engine failure or was involved in an accident? The RV is considered junk since it cannot run safely.
In some instances, an insurance company can pay a claim on an RV and issue a salvage note indicating that the recreational vehicle is a total loss. The RV will then be classified as junk since it will cost significant money to repair.
If your RV succumbs to such an issue, you may be wondering what you should do with it. Here are ways to sell your junk RV easily:
1. Prepare to Sell the Junk RV
While considering different options, remember that rebuilding and junking an RV is time-consuming and expensive, and you may find out that it is not worth your time and money. In such an instance, you can sell the junk RV to a scrapyard.
The junk RV may be worthless to you and take up a lot of space in your backyard; however, scrapyards usually have tools, connections, and the expertise to use what is left of the junk RV for resale value. They will strip the RV for spare parts and will resell them independently.
You can remove the parts and accessories of a junk RV on your own and sell them individually; however, a junkyard is indispensable. They can also crush the RV shell into scrap metal and sell it for a certain amount.
If you are wondering “how to sell my junk RV?”, you can also consider scrapyards, which are suitable because they’re readily available.
2. Gather Your Paperwork
When selling a junk RV, you should ensure the paperwork and all relevant information is ready. General information, in this case, includes the body condition, model, mileage, and VIN (vehicle identification number). Also, you should provide detailed information about the current state of the RV. In some states, you need a title when selling a junk RV, and some yards usually enforce this requirement even if a state doesn’t require you to provide the original title.
If you cannot locate the original title of the RV, you may need to get a replacement for the title first.
3. Consider Rebuilding the RV
You can decide to rebuild it to resell it or for personal use. If you rebuild and resell, you will make more money.
After the RV has been junked, it will have a salvage title courtesy of the insurance company. If you rebuild the RV, it must undergo several tests to determine whether it is safe enough to drive. The DMV will then issue a rebuilt title as the RV’s proof of history. It may show that the RV is safe; however, it will devalue it.
Before you rebuild the RV, you should reach out to a professional mechanic, and they will assess the RV to determine whether it can be rebuilt.
4. Find Out How Much the RV is Worth It
Before selling the junk RV, you should determine its worth. If the value of the RV outstrips the cost of repairs, you should rebuild it since it is economical. Also, it will be easier to sell the RV at an auction for a good amount of money compared to how much a scrapyard will pay.
Some charities also accept junk RVs, and they can offer you a tax write-off it will be greater than the selling price of the RV. For instance, if the RV’s value is below $500, it is possible to claim at least $500 in the form of a tax deduction.
If the RV isn’t running, you can cancel the insurance policy. The only issue is that the junk RV won’t be protected if it incurs extensive damage because of theft or a thunderstorm. Apart from that, the tips listed above will come in handy when you want to sell your junk RV.