If you're comfortable working on your car or if you have friends and family members with automotive inclinations, you could consider fixing your car up and selling it. However, this isn't always an option, particularly if the car has a bad transmission or engine and a replacement would cost more than the value of the vehicle.
Alternately, you can sell the car's parts. If you sell parts, however, you might end up spending a lot of time with your old car. On the plus side, you'll likely learn a lot about the vehicle, and you can use some of this new knowledge to keep your next vehicle in good repair.
Car donation is a rapidly growing trend. If your vehicle won't start, you might consider looking online for a donation center near you. There are a few caveats; you might have to pay to have the car towed, and if you have an older vehicle, it might not be valuable enough to donate. Nevertheless, you can certainly consider vehicle donation as a potential option. When you donate your vehicle, you'll get a certificate or a receipt that shows the value of your donation. You can claim the donation on your taxes as a charitable contribution to save some serious money.
Junk yards offer another convenient way to get rid of your old vehicle and make a few dollars. Some junk yards will pay for old vehicles according to a cost schedule. They make money off of old, non-working vehicles by stripping them down, selling their parts and recycling their bodies.
Cash for Cars
Finally, you can look online for a service that tows your vehicle away for cash. These services often provide a good price for older vehicles and are an especially attractive option if you don't want to spend much time getting rid of your old vehicle. Make sure to confirm your payment before agreeing to any terms.
For any of the options listed above, you will need your vehicle's title, mileage and VIN number. Depending on the age and mileage of your vehicle, you might not get too much money, but evaluate all of your options before you junk your vehicle to make sure that you're not throwing money away.
Dane Thompson is a car nut, bargain hunter, and auto blogger. He recommends Craig’s Cash for Junk Cars if you’re thinking about getting money for your vehicle.