Options for Getting Rid of Your Old Car

Do have an old car that has seen better days? You could trade it in, but depending on its condition, you may not get much of anything from the dealership toward a new car. Additionally, you may not want to buy a new car if your junk car is an extra. So what options do you have? You could try to sell it privately; you could also donate it to a charity. Finally, you could get cash for your junk car by selling it to a scrap or recycling yard. Let's take a look at some of the benefits and challenges of each of these options.

Selling it Privately

One option is to sell it privately. In this case you would list your car in the classifieds, either online or in a newspaper. You would then wait for someone to contact you to express interest. One of the benefits of selling private is that it will often give you the most money for your car. However, private selling can take a long time to complete. You have to wait for a buyer to contact you, and many of those leads will not go any further than an initial inquiry. Additionally, you need to be wary of scams and also need to be comfortable with knowing the appropriate procedure for completing the title to transfer ownership of the vehicle.

Donating it to a Charity

Another option is to donate your car to charity. Typically, the charity will come to your house and haul your old car away. You will receive documentation of the donation and be able to use it as a tax deduction. This is definitely a great way to help others and to donate to a worthy cause. The downside is that since you only receive a deduction, if you are in need of cash, you won't get it right away (unless of course you sell it at the end of the year). Additionally, you need to do research into the charity to make sure your donation is actually going to benefit those in need.

Selling it to a Scrap or Recycling Yard

Another option for your junk car is to sell it to a scrap or recycling yard. These yards collect cars that don't work anymore and make them available for people to scavenge parts to repair their own vehicles. These places will usually come to your home and haul your old vehicle away. They will also take care of all of the paperwork necessary and make sure you sign in all the correct places to transfer ownership. They will pay you a reasonable fee for your car. The price will vary depending on the type of car you own and the demand for parts from that car. You receive payment immediately, often in cash, and can relax knowing that the car is gone. One downside to this option is that you may have to schedule a time to pick up your car during the day, as they may not be able to pick up in the evening. Additionally, if you have a strong sentimental attachment to the car, you may struggle with knowing that it is going to a scrap yard.

Deciding which option is the best for you will depend on your situation. If you need money quickly, then being able to get cash for your junk car in a hurry may be your best option. However, if you have time to wait, then you may want to try to sell it privately and maybe get a little more for it. Finally, being altruistic and donating it to a good cause will always leave you feeling a little better knowing that you helped out people in need.

Source : articlesbase.com