All the good things in life must come to an end. That vehicle that was once a beautiful hot rod is now costing you more than what it’s worth.
You’d love to fix it and keep the tradition, but at what cost?
Now that the fixing expenses are going to be more than its value, it’s time to figure out how to get money towards your next vehicle.
Many people think that they’re screwed if the car no longer runs. Not true!
Here’s what to do with an old car so that you can move on to the next phase of your car ownership life.
1. Sell to a Cash Buyer
So… you’ve literally driven your old car into the ground as people suggest. But, now that it’s been driven into the ground, it’s going to cost a fortune to fix.
Simply put: there are some car problems that just aren’t worth fixing.
Things such as a bad transmission, a blown head gasket, or a faulty transmission simply aren’t worth the time, energy, and investment. Now it’s time to explore your selling options with an unfixed car.
Luckily, you can sell to a cash car buyer and receive your compensation in the form of an on-the-spot cash payment.
Better yet, they’ll even pickup your car and tow it away for free, meaning you won’t have to spend your earnings to transport it there. If your car is anywhere from a 2000 to 2018 model year, this is an incredible option for you!
Why put up with the aches and pains of any other selling method when you can get the money you need towards your next car purchase quickly?
It’s the best way to get your car at the necessary asking price without the exhausting time and effort to sell it for that price.
2. Used-Car Dealer
If you’re one of those people looking to save time on turning your used car around for a profit, then a used-car dealer is a viable option as well.
Well-known used-car dealers offer you a fair price, limited time spent, and will give you a check before you leave.
While this route certainly is an option, it comes at a price. While you’ll receive a fair price, it won’t be as high a price as you could receive elsewhere.
Why go for a one-stop-shop to sell your car for a lower price, when using a cash car buyer will allow you to receive top dollar? Not to mention, you don’t even have to bring it in. The cash car buyer will pick it up for you!
3. Sell to a Junkyard
When your car is immovable without being fixed, you may feel as if your options are limited.
If, for whatever reason, you won’t want to get top dollar from a cash car buyer, then selling to a junkyard is a route to take as well.
Most junkyards will offer to come to tow it away at no expense to you. However, they also won’t budge on the first offer or two that they give you. Odds are that you won’t receive near the actual value of the car.
While this option makes complete sense from a convenience standpoint, losing out on several hundred, if not thousands of dollars may not be worth it.
Some of you reading this are fully aware that the car you’re trying to sell has no further life to it. If that’s the case, you might feel a bit guilty that the car may be resold to a poor soul that will have the same problems.
If the car has run its course, then a junkyard is a great way to receive money and make sure no other person has to endure its problems.
4. Take It to a Dealership
Perhaps you’ve had your eyes on a sweet new ride at your local dealership for some time now.
You see your current vehicle breaking down as a blessing in disguise because it’s giving you a chance to buy that new or used car. You’ve been eyeing it for months, now it’s time to bring it home!
If that’s the case, then trading your car in at the dealership can be a great option to rid yourself of the selling process.
Be warned, this will take a bit of negotiating with the dealership to reach a fair price for the trade-in. Those of you that enjoy the haggling process, now’s your time to shine!
As you might assume, you’re almost guaranteed to not get a trade-in value that’s close to what you could sell for it. The dealership’s top priority is settling for as low a trade-in value as possible.
Why settle for a lower price when there are options to get you the compensation you deserve? Especially when those options require little-to-no extra effort.
What to Do With an Old Car: Explore Your Options
You might be surprised to have read all your options on what to do with an old car you’re trying to sell.
Consider every option that you have available to you, research each option, and pick the best one for your situation. Not all old cars are created equal. Some will have more selling obstacles than others.
Be sure to read this article on the most expensive car repairs. If the repair your car needs is on this list, it’s definitely time to sell!
For more inquiries, please reach out via our contact us page and we’ll be happy to discuss things with you further.