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Disasters Can Happen

How to Get Money for A Junk Car

When your car won’t run, it’s often more a liability than an asset. Fortunately, there are a number of ways to get money for your junk car, even if it won’t move or if it wasn’t a very valuable vehicle to begin with.

Your options will vary depending on whether you know much about cars and whether you’re willing to spend some time calling a few local junkyards and institutions.

Here are a few ways to get money for your junk car.

1. Get a tax deduction.

You can donate most vehicles to charity to get a great tax deduction.  However, you might have to pay for a tow, depending on the model of your vehicle and some other factors.  Websites like http://www.donatecarusa.com/ can help you find a place to
donate your vehicle.

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Recent changes in tax law have made car donation less lucrative, but it’s still the best option for many drivers.  A donated car can result in a sizable deduction at the end of the year, which is essentially the same thing as money in your pocket.

2. Sell it part-by-part or whole as a project vehicle.

If you’re fairly handy with a wrench, you can take out an ad listing the working parts in your vehicle and sell them one at a time through your local paper or through services like Craigslist and eBay.  This is the best way to make money, but it’s
very time consuming.

Another option is to sell the entire vehicle to a mechanic or as a father-son project.  You won’t get much, but you’ll get some quick cash and you can have the buyer handle the towing costs.

3. Visit a junk yard.

This is the fastest but least lucrative option.  Some junk yards pay for non-working autos, but usually you won’t get much.  Your sale price will depend on your car’s model.  The junk yard will strip it for parts to sell to their customers.

Some junk yards will not pay for cars, but they will accept junk vehicles and pay for towing costs.  Depending on your situation, this might be an acceptable option.

If you donate or sell your vehicle, have the title ready to help the
process along.  Remember to get charity donation papers or a sales receipt. With some work, you should be able to get rid of your vehicle and make a few dollars while you’re at it, but research your options completely to get the best
possible value.

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  • Hi Michael, nice Idea, I got 3 un used cars on my garages, and i am really wanting them to be sold asap! I may sell this car by parts because some are badly damaged, thanks for this short tip, I really mean it…

    Opps, by the way

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