Ways To Dispose Of Your Old Car And Make Money Off Of It

Used, working cars are typically easy to get rid of. However, if your car is severely damaged or it becomes more expensive to repair than it is worth, then it becomes trickier to know what to do with it. Read on to learn some tips on how to get rid of an old car and the pros and cons of using each of the proposed methods.

List Online

Online sales apps like Nextdoor, Facebook Marketplace, OfferUp, eBay, and Craigslist can be a great place to buy and sell items. This is especially true if you have done your research and know the value of the vehicle and can make an estimate of its worth. You can also list "parts" cars for people to salvage who are working on the same model. This can take some time before you get a buyer but you get the control of setting the price.

Junk Cars for Cash

Junk car buyers like QuickCash for Junk Cars in the Milwaukee area are a great idea if you want money quickly without doing a lot of legwork. Enter information about your make, model, and condition and get a preliminary offer. Buyers like this typically bring cash and if your condition is as stated, they will pay you on the spot and haul away your car. Local companies like this can be found in many cities. To find a reputable business, check the customer reviews on neutral sites like Google to see if people feel that they were fairly dealt with.

Auctions

Used car dealerships often sell their trade-ins at auctions. These sales are as-is and may or may not have a reserve minimum price. This is a quick way to get money but it may not be the best way to get as much value as you can out of the car. Auctions come with a lot of price risk as some vehicles end up selling for much less than their value while others are diminished in price because they are sold as a part of a bulk lot. You will also typically give the car to the auction house before you get any money and you may wait a month or more for your payment.

How to Choose

When it comes to picking the right method of car disposal for you, consider what you know about the car and its value. Consider how quickly you need money for your car and how soon you want your car to be gone. This can help ensure that you get the best balance between good value and quick disposal of your old car.