Do you have a vehicle that’s just sitting on your lawn or taking up space in your garage? Well, the smartest thing you can do is get rid of that old clunker. But, just because your car is old, it doesn’t mean you can’t get some money for it. If the money is tight in your household (many of us struggle with finances during the pandemic) you can earn a pretty penny by selling your junk car. However, every car sale can be complicated. In order to make this process faster and easier, here are a few ways you can get rid of it and even get some money out of the entire ordeal.
Sell it yourself
The first way to get rid of your old car is to sell it yourself. But, before you sign any deals, you want to maximize the chances of getting a good price. Start by checking out websites that sell used cars and see the prices your car reaches. Math the model and year of your vehicle the best you can to get the most realistic price to negotiate with.
Also, make sure to prepare all the required paperwork to satisfy the buyer and do everything according to the law. You will need to have the title, bill of sale, records of maintenance, the release of liability, warranty info and as-is documentation ready before your buyer arrives, so make sure to dig these up.
No matter if you’re selling or trading your vehicle, expect some negotiations with private buyers. If you don’t have too much experience with bargaining, think about rising your asking price another 10%. This will give you room to negotiate with buyers and boost your chances of getting a good selling price.
Call junk car removalists
If you want a fast, effortless and fuss-free way to get rid of your old car, your safest bet is to call junk car removalists. In most cases, you can’t expect too much money when working with professional removalists. But, in some countries like Australia, you can get a pretty decent price for your vehicle without lifting a single finger—no negotiations, research and messing with buyers. Just search online for car removal in Sydney and you will find professionals that will come to your address, tow away your car and give you a nice chunk of cash for your clunker—what more could you want.
In some cases, you can do the sale even without the title for your car! In that case, your car will be used for parts or scrap metal. Also, your car doesn’t need to be running, since the service will come with a tow truck and haul it away.
Sell it for parts
There’s a huge market for used car parts all over the world and popular models will always be in demand. Components like electronics (radios, window motors, door lock actuators), metal body panels, powertrain components (engine, transmission), tires, rims, windshields and side windows will always find a buyer. If you know your way around tools, you can easily dismantle your old car and sell the parts online. Start by removing the powertrain components like the engine and transmission since these are usually most desirable, especially if they are in working condition. To reach the best selling price, record your car while the components are set up and working, disassemble your junk car on video and put it up with your car part listing.
Be generous and donate
A number of charities have programs that accept used vehicles. Some of them use them for parts and use the money to provide help for underprivileged people, while some employ people who repair the cars and sell them. If money is not a problem for you, you can be humane and donate your car to someone in need—it’s much better than leaving it to rot on your lawn or take up precious space in your garage. In many cases, you will receive a tax receipt for your donation which you can use on your income tax preparation as a contribution. So, basically, everyone benefits in the end!
Having an old car provides you with many opportunities to earn some money or do a good deed. Now might be the perfect time to get rid of your junk car and do something good for your wallet, property, storage space or other people.