You Can Turn Your Old Car Into Cash – Here’s How

Why Sell Your Old Car

Got an old vehicle that you no longer use? Get some value out of it by selling it for cash today! Now more than ever, used vehicles are in demand no matter which auto market you look at. If you’ve got a used vehicle on your hands, now might be the best time to get the biggest bang for your buck.

But what if you’ve got a clunker on your hands? Whether you realize it or not, you can get a nice amount of chump change even if your vehicle is very old or no longer running. Today, we’ve got some tried-and-true ideas on how to get rid of an old car.

Know Your Car’s Value

Before you begin listing your vehicle for sale, it’s important to know its value. There are a couple of ways you can assess your vehicle’s value. You can go the traditional route by bringing it to your local dealer and having them appraise it. Many dealers will even offer an online tool that allows you to assess a vehicle right from the comfort of your home.

Another easy way is by searching up your vehicle’s make, model, year, and condition on online appraisal platforms like Kelley Blue Book.

Where to Sell Your Old Car

You’ll have a couple of options to turn to as far as where to sell your old car. if your old car is still in decent condition, you might be able to snag a good deal at your local dealership. Turning to online marketplaces and listing your vehicle as a private seller is another one of the best ways to get top dollar for your old car. While you are listing your vehicle, it’s a good idea to get a sense of what the automotive market is like in your area. Do a search of vehicles similar to yours and get a sense of what your old car is selling for in your local area.

Give Back and Donate Your Vehicle

Want to know how to get rid of an old car all while giving back to your community? Donating your vehicle to an organization that could use it is both philanthropic and financially beneficial to you. While you won’t get a flat-out payment for your vehicle donation, you can use your car’s value to lower your overall tax liability. Text deductions from used vehicles are one of the best types of tax breaks you can take advantage of.

Got a Junk Car? Sell It for Car Parts Instead

What do you do if you’ve got an absolute junker on your hands? While the car might not be in good running order, chances are the car parts still are. You can take advantage of the value your car still has by bringing it over to your local junkyard and selling it to them instead.

You can also take your old vehicle apart yourself, and sell the different parts and accessories piece by piece on online marketplaces as well. Disassembling your vehicle yourself and selling it for parts will often yield more cash as opposed to selling it to a junkyard.