BUYING YOUR CARS, MOTORCYCLES, COLLECTIONS, & MORE—QUICK, EASY, & HASSLE-FREE!
YES. Our checks are cashable at your nearest Bank location. Other buyers, like CarMax, issue you a “draft”—which resembles a check, but it is not cashable. Their drafts are for deposit only and will not process for several days. We don’t pay with float-filled funny-money like our competitors do.
YES. If it rolls on tires or tracks, we buy it. These vehicles will take us longer to evaluate so please give us the time to make a purchase offer.
If you included the correct 17 digits VIN, multiple pictures, and a description, and do so during normal business hours, expect 15-30 minutes. We will call you to verify your information about your vehicle and ask you any additional questions we need answered to value your vehicle correctly.
We don’t. Well, kinda sorta. We do need pictures of your vehicle with your online submission, and are asking for photos so we can accurately and fairly assess the value of your vehicle. Your pictures help our buyers get top dollar for your vehicle.
YES. We will typically be a buyer at 50% of the value of a non-salvaged vehicle. All salvage-titled vehicles have, at one point, suffered damage equal to at least 50% of the vehicle’s value, Impacting both the buyer and the seller
YES. We typically don’t buy “junk” valued at less than $1,000, but we will buy cars which need reconditioning. That said, you must disclose the needed reconditioning in both your pictures and your description. It can be very disappointing when our inspector or transporter arrives at your location to make the exchange, only to discover that the vehicle does not match the information that was used to make our offer to you. Please be honest and up-front with the reconditioning level.
Our transporter will inspect your vehicle, match it to the description you have provided, and exchange the title for payment.
YES. Our offers are negotiable on a case-by-case basis. Our buying team does our best to accurately assess the value with our first offer, but we may be open to continuing the discussion.
This ONLY applies when a seller has not been honest. We take you at your word when providing information about your vehicle, and once we strike our deal, we incur many expenses in keeping our end of it. We believe people generally keep their agreements, and know you would understand that we experience losses in the event you suddenly change your mind after accepting our deal.
YES, we can do 3rd party lease buyouts as long as the bank supplies us the correct documents. Call your leaseholder (your bank, the credit union, or the car’s finance company), and get the current payoff amount to include when submitting your information to Gas Monkey Buys. Leasing companies sometimes have additional fees for early termination which would affect the “take-home” amount you would receive after the sale.
We call this being upside down or under water. The difference between our purchase offer and the amount owed is called negative equity. This difference will have to be paid to us at the time of possession/pickup. We will make a payoff amount to your lending institution in the amount of the purchase offer and you will provide us with the check for the difference. Put another way, we will pay the whole amount to your lender so that you are free and clear, and then you will reimburse us for whatever amount you had still owed to them.
We redistribute them to franchise/independent dealers, other markets, large dealer groups, and other countries at a small margin.
We fund your payoff immediately — we want the title as badly as you want the vehicle paid off! It can take a few days for your bank to process the payoff, which is why we quote a 10-day payoff from your financial institution. We cannot sell your vehicle until we have the clear title.
YES. Just contact one of our associates to help walk you through the next steps.
YES. We will have them fill out all the paperwork before signing the check over to you.
YES. Although most companies would not be equipped with handling this kind of situation, our Gas Monkey Buys office is able to help you through this delicate process.
Because it is simply not safe to carry that much cash or keep it at the office. For the safety of our drivers and our office staff, we do not carry or keep cash on hand.
