Are you one of those people who has a junk vehicle sitting on your property because you aren’t sure what to do with it? Have your neighbors started to make comments and are you tired of looking at it? You might have more options than you realize. What you decide will be affected by your car, your goals, and your preferences.
Sell Your Car
What is one person’s “junk” can be another person’s treasure. There are plenty of individuals like mechanics or car enthusiasts who might want to buy your car for its parts. The problem with selling your car to a private buyer is that you really don’t know if you are getting the best deal you can get. The buyer is going to offer you the least amount of money they can get away with and you might end up on the losing end of the deal. In addition, you might have to have the car towed to the buyer and that would be an added expense on your part unless the buyer offers to tow the car. A better alternative is to find out ahead of time how much your car is worth from a junkyard, where you can find out in only a few seconds online how much they will pay you for your car based on the fair market value.
Sell Its Parts
Many junk car buyers are most interested in buying your car for its parts. If you are handy with mechanic’s tools, you can remove the functioning parts of your vehicle yourself and sell them piecemeal for extra cash. Some of the parts of your car you can sell are:
- Rims and tires
- Window motors
- GPS system
This will require a lot of effort on your part but it might get you the most amount of money. Keep in mind that once you sell all the parts, at some point, you will have to sell the metal to scrap yards to make it worth your while.
A scrap yard is essentially a giant storehouse of metal. They will either sell your parts to someone else or hold onto them until there is a market for it. Keep in mind that the scrap yard wants to make money and isn’t interested in selling your car; they are only interested in the metal parts and you are not going to get a lot of money for them. You should also find out if the yard will tow your car for you and if they will charge you for it or take the amount off of what they are paying. But money is money and every little bit helps. If you decide to sell your car to a scrap yard, you will get some additional cash in your pocket.
If there were a way to get someone to remove your junk car from your property for free and help others at the same time, would you be interested? Well, there are many charities who will do just that like Cars for US Troops, Make-A-Wish car donation, and Kars4kids car donation who will gladly take your car off your hands. In most cases, your car doesn’t need to run in order for it to be donated. When you donate a car to charity you:
- Are helping a worthy cause by making a charitable contribution to those in need
- Can take advantage of tax deductions. Generally, the charity needs to have a 501(c) (3) status or be a religious organization. You can check here to find out if a charity is a 501(c) (3)
When you donate a car to a charity, you are doing a selfless act of helping others and doing something good for those in need. Even though you won’t get any payment or cash, you might be able to get tax benefits and will feel good about paying it forward.
Whatever you decide to do with your junk car, make sure to remove all personal belongings from the car. You will also need to know where the title is so that you can transfer ownership. If you can’t find it, your local DMV should be able to replace it for you. You can also trade in your car for a newer recent vehicle that is safe at Thomson Jeep