Bye, Clunker: Getting Rid of Your Old Car

Your old car maybe just a waste of space in your garage. You’d want to get rid of it, but you do not know-how. Sure, you can sell it, but that is not going to be that easy. Sometimes, the biggest mistake of old car owners is that they rush the sale too quickly or delay it for so long that no one would want to take it.

Maybe you have a new Subaru with a required maintenance that you can barely afford. How about your old car? How will you get rid of it? Thankfully, there are some many options that you have at your disposal.

Here are some of them:

Spruce it up and sell it up!

If your used car is still actually working, a few upgrades may do the trick. There is a large market for second-hand cars, such as college students and parents who want to give their kids a better car to practice driving with. Other than checking the engine and applying some minor repairs, you may want to give the car a new paint job and seat covers. It does not have to be a total overhaul, but you have to make sure that it’s still appealing and sellable. And oh, if it’s a vintage car, you may want to look for a collector if you want to fetch a higher price.

Trade it in

man driving

If you plan to buy a new car, your old clunker will be better off traded in instead of placing it on the used car market. Through a trade-in, you are basically reducing the amount of cash you need to pay for your new automobile. However, remember that the offer you will receive from a dealership will largely depend on the condition of your car. Nevertheless, you can always walk away if you don’t like the trade-in offer.

Give it as a donation.

Some old car owners usually go for donating their cars instead of selling them. And good thing, a lot of charities and non-profit organizations are willing to accept car donations. Other than helping you get rid of your old car, you may also enjoy tax benefits. Through this charitable action, the IRS may allow you to claim a tax deduction. However, you must note that the charity you have picked is actually qualified and your deductions are itemized.

Just sell it to the junkyard.

Some hopeless cars are beyond repairs and salvage. If your car is one of those, then you should sell it to the junkyard. But you also have the option to sell it to scrappers who pick the specific parts. Before you do any of these, it is important that you have the assistance of a partner or supplier who actually knows how to dismantle a car safely.

Bye, clunker!

Saying goodbye to your old clunker is easy, but actually getting rid of it may prove to be challenging. May the pointers above provide you with viable options.

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