If you happen to own an old car that is sitting in your driveway, you may be considering the idea of junking it for one reason or another. Perhaps you haven’t driven it in a long time, it simply doesn’t work anymore, it got into an accident, or maybe you just want to get rid of it to make room for a new one.
Either way, whatever the reason may be, there comes a time when you have to make the hard call to part ways with it. However, for those of you that may still feel conflicted about whether it is the right time or not to trade your car for cash near me, we decided to break down some of the main factors that you should consider.
Signs That It Is Time To Junk Your Car?
#1. The Car Is Extremely Old
Many people assume that a car can only be classified as a junker once it’s broken. However, one of the main indicators that your vehicle has reached its limit is if it has managed to clock 150K miles on the odometer. It is usually at this point that your car will probably have lost a significant amount of performance and may even be presenting a few mechanical issues.
#2. Repair Costs Exceed The Car’s Value
If your car happens to have been in a serious accident and you discover that the costs of repair will be expensive, then you will need to determine whether to repair it or not.
For instance, if the car’s transmission and engine were damaged, then these two components alone could set you back considerably. And if the total repair bill exceeds the car’s current total value, then it may be time to think about getting cash for cars in Virginia via USCarJunker.
#3. Low Safety Rating
Another thing to look at is the safety rating of your car. If your vehicle’s current safety rating is so low that it fails to meet modern safety standards, then it is often safer to junk it to avoid a potential accident in the future. The good news is that you can easily check your car’s safety rating by heading to the NHTSA database.
Selling your junk car can be a great way to get quick cash to deal with urgent expenses, especially if you use a cash-for-car service like USCarJunker. And while most of these services may not necessarily get you top dollar for your vehicle, they do save you a lot of time and effort when it comes to getting rid of your old vehicle.
Plus, if your car has some parts that are still in relatively good condition, you may be able to maximize how much money you receive for them.
#2. Good for the environment
When junk cars are left alone to deteriorate or abandoned in landfills, this can often end up damaging the environment drastically. After all, most of these cars tend to leak toxic substances like oil and brake fluid, which end up polluting the soil and groundwater.
However, by selling your junk car for cash to the right company, they will end up recycling most of its materials and disposing of the rest in a sustainable manner that helps to conserve natural resources What is a green supply chain and how are they beneficial?.
Having an old junk car sitting in your driveway can often reduce your curb appeal, which can not only affect how your home looks but also how the neighborhood looks. Plus, it can also be a potential hazard if children in the area start playing around it.
This can lead to potential confrontations with your neighbors, which can be stressful to have to deal with. However, if you sell it, you will have the peace of mind that you need while also putting some extra cash in your pocket at the same time.
How Should I Go About Junking My Car?
There are a number of ways that you can go about junking your vehicle today, each with its own merits and faults to consider. Some of the most common ways of going about the process include selling to a cash-for-car service, selling the car to a private buyer, selling it for parts, or even donating it to charity.
You should also keep in mind that how much you can expect to receive will usually vary depending on a number of factors like your car’s condition, weight, and current market value of scrap materials. In most cases, you can expect to receive between a few hundred and a few thousand dollars.
This is one of the most popular ways that many used car owners are getting rid of their junk cars. You can sell your vehicle to a company like USCarJunker, which will provide you with an instant cash offer for your vehicle from the comfort of your own home.
And since they are willing to accept any car, no matter the condition, this spares you a huge amount of time and effort in trying to sell it yourself. Furthermore, the sale process also tends to be fairly simple and straightforward.
You simply head to the site and fill out the online form by sharing a few details about your car. Within minutes, you will receive an instant cash quote, and should you decide to accept the offer, the company will send over a representative to pick up the car and hand over your payment.
#2. Find A Private Buyer
Another viable option is taking the time to find a private buyer by listing it on online marketplaces. The good thing about selling to a private buyer is that you will often be able to get a much higher price than if you sold it to a scrap yard or cash-for-car service.
However, the problem with this is that selling a junk car can often be difficult, as few people are willing to purchase an old vehicle that may not even be roadworthy. As a result, it can be the most time-consuming method that may not even lead to a sale.
If the car doesn’t run anymore, you can always consider stripping the most valuable parts from your car and selling them to auto repair shops and other car owners that may be looking for replacement parts. This can include catalytic converters, engines, batteries, rims, doors, wheels, bumpers, GPS, etc.
In this regard, there are several online marketplaces like eBay Motors that can help you find interested buyers, especially if the parts you are selling happen to be difficult to find. The only downside is that you will need to hire a professional mechanic to strip the car properly, which will likely cost a tidy sum.
If you are mostly concerned with simply getting rid of the car and don’t really need the money, a good option to consider is to donate the vehicle to charity. In fact, if you donate the car to a certified 501(c)(3) charity, this can allow you to claim an income tax deduction that is equal to the vehicle’s fair market value. The appealing part about this option is that you not only benefit from a simple donation, but it also allows you to do a good deed in the process.