Like any tool, an automobile is designed for a specific service life, after which it will need to be refurbished or replaced. Whether the car has reached the end of its functioning lifespan or you’re simply ready to part with it for an upgrade, there are a variety of options to choose from when it’s time to part with your old car.
Selling Your Own Used Car
Selling your used car is a popular idea, as it can generate some cash which can go towards the cost of your new car. There are numerous ways to go about selling your used car, depending on its shape and condition.
Before selling your car, it’s best to find out what your car is worth. Auto research sites like Kelley Blue Book or Edmunds.com can provide you with the base value of your car and how much it sold for in other transactions in your immediate area. If the site asks for the condition of your car, it’s best to be honest.
Private sales are the best way to sell your car for the price you want, but expect to do a lot of work to make the sale. To optimize your chance at a private sale, see what price your car reaches on CarMax and adjust your private sale price accordingly with the aforementioned information to set a realistic, competitive price that will attract potential buyers.
Salvage Your Used Car’s Parts
Selling an older car can be difficult, but sometimes the sum of its parts can be sold quite easily. Selling your car’s parts online can prove successful, especially on sites with large communities like Craigslist and eBay. These sites may take a small percentage of your sale, but they are perfect for people who are looking for a specific part, one of which might be yours.
Not all parts sell easily online though. Items like used spark plugs and fan belts probably won’t sell at all as it is recommended to always replace them with brand new ones. Other items like car radios, speakers and subwoofers are easily replaceable and common, with buyers typically turning to major chain vendors to purchase them. Buyers typically look for items that are expensive to replace with new ones, like full sets of tires, headlight/brake light inserts or mirrors. Many parts shoppers, especially DIY mechanics, hope that buying these items lightly used from independent sellers will save them money.
It’s best to test your parts for yourself before you put them up for sale to ensure they’re in working condition. People obviously want parts that still run properly, and dealing with dissatisfied buyers can be a huge hassle. Parts don’t need to be in pristine condition, but they certainly still need to work.
Salvaging your car yourself is an extreme measure, hugely time consuming and generally an option reserved for hobbyists and mechanics. If your vehicle is older or has suffered accident damage in the past, it may be easier to sell the whole car for salvage. The simple option is to sell your vehicle to a junk yard or recycled auto parts seller who will do the hard work for you.
Another option is donating your vehicle to a charitable organization. These organizations will then sell the vehicle to auction houses or recyclers and give you the option to deduct a charitable tax write-off.
Sell it to a Salvage Yard
If your car is virtually on its last legs and in terrible shape, it may be best to relinquish possession of it and take it to the nearest junkyard. You can sell your old car to a business such as Bessler’s U-Pull-and-Save, and receive a cash offer for your unwanted, old, wrecked, junk, salvage and scrap vehicles. If you’re still unsure of what to do with your old car and just want it gone, this is a great option that leaves many people feeling satisfied.