Selling Your Old Car: 6 Ways to Make Money From Your Beat-Up CarPosted:
Every year, Americans buy up about 40 million used cars. That means you shouldn’t have too much trouble finding a buyer for a car if you want to sell it.
But selling your old car might be challenging if it’s all beat up or, worse, if it doesn’t run. You shouldn’t let that stop you from trying, though, since there are all kinds of ways that you can turn your old car into a pile of money.
Begin by educating yourself about some of your options as far as selling your old car goes. You can pick the option that’ll give you the best chance to make the most money at the end of the process.
Check out six ways to squeeze money out of your old beat-up car below.
1. List Your Car for Sale “As Is” Online
Your old car might be in pretty crappy condition. But that doesn’t mean that someone out there isn’t looking for one just like it!
Your car might be the same car someone drove back in high school, and they might want to buy it and fix it up. Your car might also have the parts that someone needs to restore another car that they’re fixing up.
Whatever the case, you’ll find that there are buyers for your car, even if it’s a piece of crap at this point. List it “as is” on one of the many online marketplaces and see what kinds of offers you get for it.
2. Fix Up Your Car and Sell It Online
Do you know your way around a car? If so, you might want to take the time to fix up your car before selling your old car online.
You obviously don’t want to dump too much time and money into a car that’s not going to be too desirable to others. But if you have an old car with some name recognition that people might want, fixing it up could be well worth your effort.
You can replace some of the vital parts in your old car to get it up and running again. You can also fix up the inside and outside of it so that it shows well when people come to check it out.
You can get a lot of bang for your buck when you put some elbow grease into a car restoration project. People will know that they can’t come at you with lowball offers when they see how much effort you’ve put into your old car.
3. Trade Your Car in for a New One
Are you in need of a new car at the moment? Trading your old car in for a new car might be the best way for you to make money from it.
Even if your old car barely runs and looks awful, most car dealerships will still give you something for it. They’ll see it as an opportunity to get you to spend money on a car from their lot.
This doesn’t mean you should take whatever they agree to give you. They’ll often try to give you much less than what your car is worth.
But you can get a lot of value from your car by trading it in. You can also get yourself behind the wheel of a new car while you’re at it.
4. Sell Your Car to a Salvage Yard
If your old car won’t start and is just taking up space on your property, you should know that there are salvage yards all over the place that would love to take it off your hands.
Salvage yards are in the business of taking old cars and stripping them of their useful parts before scrapping the metal from them. They would be happy to have your car, regardless of whether it runs or not.
This post explains how you can sell an old car and get top dollar for it when you turn to a salvage yard help.
5. Sell Off Individual Parts From Your Car
Your car as a whole might not be worth much. But there could be a few parts on it that are very valuable.
In some cases, people might pay more for those few parts than they would for the rest of your car! You should try to figure out which parts can fetch you a decent return and consider selling them individually.
This can take a lot of time. You’ll have to pull parts from your car yourself, find buyers for them, and then scrap whatever is left over yourself.
It’s not the best approach to take for everyone. But it could be a good option for those who like tinkering around with cars and aren’t in a rush to sell an old one.
6. Donate Your Car to Charity
When you finally get rid of your old car, you’ll feel great. You’ll feel even better when you get rid of it and do something good for the world at the same time.
Donating your car to charity will give you a warm, fuzzy feeling inside. It’ll also earn you a tax deduction in most cases.
Check out the different charities that are willing to tow away old cars for people. You might not walk away with a pocket full of money at the end of the transaction, but that won’t stop you from feeling good about how it went.
Selling Your Old Car Isn’t Impossible by Any Means
Do you have an old car sitting outside your house that you don’t need anymore?
Trying selling your old car by using one of the methods listed here. They’ll help transform your old car into cash and ensure that you don’t have to worry about it anymore.
Whether you sell your car “as is” or sell individual parts from it, you’ll see first-hand how valuable an old car can be. It’ll give you a new appreciation for the value of cars of all ages.
Want to learn more about buying and selling cars? Read some of the articles that we have published on cars in the past.
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