Despite the fact that a car is just a piece of metal without a soul or heart, you may still have some warm feelings toward it. Maybe you had many memorable experiences thanks to this old but loved car and maybe it allowed you to travel and see new places. You may have owned it for years or even decades or maybe you bought it recently simply because you like it or it was all you could afford. But all good things come to an end. Here is the list of four ways to get rid of an old junk car.
You can trade your car with a car dealership, family member or friend that you know well or simply someone who responded to the advertisement you placed online. You should determine the value of your old car as precisely as possible in order to have an idea of what you may expect to receive for it.
If you decide to sell your car for cash, a private sale is likely to bring you more money, but it will probably require more time and effort. Selling your junk car to a dealership won’t provide you with as much money but will save you time and help avoid the headaches of a private sale. One more option is a junkyard, especially if your car is barely working or does not run at all.
Before putting up your car for sale, there is some homework you need to do such as finding out the true value of your old car and its parts. After that, you will receive some offers and you’ll be able to compare them.
You can part out your car and sell it for parts. Junkyard workes can do it for you and disassemble your car. But you can still do it yourself. If the engine and transmission are in working condition, you can sell them on to all interested customers. To stay on the safe side, it is better to remove these parts from the car after submitting an advertisement so that you can send them to the buyer as soon as possible. Moreover, you need to have an opportunity to respond quickly because the time frame for parts sales is quite short.
If your car still looks presentable and has a certain value, you can think about donating your car. It would be a good deed that can bring you tax benefits because of the ability to write off at least part of your car’s value. Moreover, you need to know that it doesn’t should be a running car. Some charity organizations accept junk cars, disassemble them and sell parts.
Make sure that the value of your car has been correctly estimated and that the charity organization is respected. You should also be honest with the organization so that it receives the expected car. If a charity is planning to sell the car you donated, this is likely to affect your tax write-off.