Get Rid of Your Old Car with These Helpful Tips
If you’ve got an old car sitting in your driveway or garage and you’re ready to let it go, you’ve got a couple of options available to you. Whether your car is functioning or not, you’ll have several options available to make some easy spending money in return. If your car is broken down, or downright junk, there are other options to explore for getting rid of your ride. Read on to learn about some of the best ways to get rid of your old car this year.
Sell It for Profit
If you’ve got a used car that is still running, now is one of the best times to get rid of it. Bringing in your used car to your local car dealership is one of the best ways to get a sizable amount of cash for your old car. Your vehicle’s make, model, and condition will all factor into the overall value of your vehicle. Using online tools like Kelley Blue Book is a good way to determine your vehicle’s value.
You can also list your vehicle for sale on online marketplaces yourself. This allows you to cut out the middleman, allowing you to secure a better sale price for your used vehicle.
Trade It in for a Newer Vehicle
In addition to selling your used vehicle to a local dealership, you can also trade in your vehicle and use its current cash value towards a new car, truck, or SUV. This is one of the best ways to get into an all-new car, truck, or SUV without having to pay the full market price. Before you trade in your used vehicle to a local dealer, shop around and compare rates so that you can be certain you’re getting the best trade-in possible. Most dealerships are willing to match rates, allowing you the leverage to shop from the dealership you really want.
Sell It for Parts
If your vehicle is not running, or the repairs costs are more than you’d like, selling your vehicle for parts is another great way to make money off of it. There are a couple of ways you can sell your vehicle for parts. You can disassemble your vehicle yourself and sell it piece by piece through online marketplaces. You can also visit your local junkyard to get your vehicle appraised for parts as well. As with any sale, being a private seller is typically the best way to make more money. However, because it’s pretty difficult to sell vehicle parts online, resorting to a junkyard is the best way to quickly get rid of your vehicle parts.
Donate Your Car to a Charity You Care About
Donating a used vehicle is one of the best ways to get rid of it as you can be certain it’s going towards a good cause and will likely have a second chance at life. There are a number of organizations that are willing to take your used vehicle. Organizations like Goodwill and the Salvation Army are good places to start. Checking in with a charity you care about or a local vocational school is another good avenue as most charities and educational facilities are almost always willing to accept a used vehicle that is still in good running order.
If you do donate a used vehicle, be sure to claim it on your taxes for the year you donated it. Claiming a vehicle donation on your taxes allows you to write off its value, lowering your overall tax liability. Visit the IRS’s website to learn more about donating your used vehicle and filling out the proper documents, including 1098-C.
Get Rid of Old Car The Easy Way
Who says getting rid of your old car has to be a hassle? In today’s market, even if your used vehicle no longer functions, you can still get rid of an old car and make some money on the side. We hope this list of tips has helped you plan out what you’re going to do with your used vehicle this year.
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