When it comes to selling your heavy truck salvage, there is one goal in mind, getting the highest value possible for your semi truck salvage. While most sellers want to get the most money they can for their salvage, many don’t know exactly how to do this. Especially if someone is a first-time seller, it can be difficult to know how much your salvage semi truck is worth and what bid amounts to accept. To help you navigate selling your heavy truck salvage, here are a few tips to help you get the highest value out of salvage.

Start with Research

While salvage yards and online auctions offer a base estimate of how much your salvage vehicle is worth, it is always good to do prior research. Most auction appraisers can offer a best guess estimate of your vehicle’s value, but no one knows your salvage vehicle better than you. Thus, take note of the ins and outs of your heavy-duty salvage, as you never know what can increase your vehicle’s salvage value. Before taking your heavy truck salvage to the salvage yard or listing it on an online auction site, take the time to do your research on the vehicle’s salvage value. Knowing the potential value of your salvage can help you negotiate the best bid offers. 

The first step to conducting research is to take note of the features of your heavy truck salvage. Note your vehicle’s model, make, year, mileage, trim, and any additional add-on equipment that your salvage truck possesses. When you have gathered this information, look up comps surrounding vehicles that have similar size, mileage, and features as your salvage. By seeing what other salvage trucks are selling for, you will have a range estimate of how much your semi-truck salvage is worth.

Estimate Your Salvage Value

Once you have determined the value range of your salvage vehicle, it is time to get specific about how much your heavy truck salvage is worth. It is key to know the worth of your vehicle so that you can determine the lowest bid you will accept. Doing this will help you save time from pursuing buyers that try to underbid sellers. While most salvage buyers will offer a fair price, others may tend to try and haggle with sellers to get the lowest rate possible. 

While it may seem complex at first, determining how much your salvage is worth is simpler than you may think. The first step to determining salvage value is to look up the resale value of the vehicle as if it were still running. Then, taking this resale value subtract the cost of repairs to get an estimate of what the vehicle may be worth, commonly known as the actual cash value (ACV). 

Choosing the right place to sell 

Now that you are equipped with a rough estimate of how much your salvage vehicle is worth, you are ready to list your salvage truck for bids! When looking to list your heavy truck salvage it is important to choose the right auction platform. To get the highest value for your salvage, you want to list your salvage with an auction site that can deliver bidders. The more eyes on your listing the more likely you are to get multiple bids. 

Also, when choosing where to list your salvage, consider any additional fees auctions may charge. It is good practice to note these additional fees as they can cut into your profits. Be sure to consider your profit margin when choosing where to list your salvage as you want to choose a place that has minimal transport and seller fees. 

Additional Tips and Tricks

Additionally, when it comes to getting the highest value for your heavy truck salvage consider whether your semi truck still runs. If the truck still runs, then you can negotiate a higher price! Running salvage vehicles are worth more to buyers as they can be easily transported and repaired, thus making them a highly attractive purchase in the market. 

Another tip when selling your salvage truck is, don’t accept the first and only bid. In getting the highest value, you want to ensure that you have options. It is better to collect at least 3 bids before you decide so that you have negotiating power. 

Lastly, set a realistic value for your vehicle and stick to it. While it may be tempting to set a high price for your salvage to get the most money for it, it is important to set your price realistically.

Sell with Heavy Salvage

If you are ready to sell your heavy truck salvage, Heavy Salvage is one of the best places to do so! Our team of experts have years of experience and up-to-date knowledge of the salvage industry to help you get the best value for your semi-truck. Through our nationwide pool of verified buyers and 24-hour customer support, we go to great lengths to ensure selling salvage is easy.