It’s no secret that some cars aren’t used that much. In fact, a study conducted by Paul Bartner claimed cars are parked 95% of the time – among those are old cars just waiting to rot.
But is there anything you can do to get rid of old cars and still profit from them? Sure, selling them is an obvious option but what about those really old cars that nobody loves?
In this article, we’ll go over 4 different ways you can get rid of your old cars no matter what condition they’re in. Some of the ways are profitable yet hard to pull off while others can be as simple as calling a service.
Selling your car privately is probably the most profitable way of getting rid of old cars. Think about it, the second-hand car industry is booming, and if you have a properly maintained vehicle in good running condition, you’ll be sure to turn a quick buck.
You can even increase your profit margin if you have the mechanical know-how and a talent for restoring old cars.
Remember, if you decide to sell your car privately, make sure to give your car the care it needs before giving it to the next owner.
Do a car wash, give it proper detailing if you must, and take great pictures before listing it for sale. This will give you a better chance of selling your car quickly and profiting more from it.
However, this might not be an option for everyone. Some people lack the time, the will, the knowledge, and the budget to fix or restore old cars.
In addition, not a lot of people are inclined to buy a car with the headache that comes with it. Luckily, the next option is much easier.
Sell to a Car Dealership
If you don’t have the time or the will to sell your own car privately, selling it to a car dealership is pretty straightforward.
All you need to do is drive your car to the dealership, negotiate a fair price, and give them the keys. They usually pay cash and handle the paperwork themselves.
Car dealerships are in the business of buying and selling cars. And most of them will buy cars even those that aren’t running but are still fixable.
They usually have a mechanic who will take a look at your vehicle and see if it has any major issues that need fixing before they buy it.
Sometimes, they don’t go through with buying your car for obvious reasons – it’s too old or unsavable.
But even so, there are still ways to profit from those cars.
Sell Your Car for Parts
Car enthusiasts who have the know-how to remove and identify parts of the vehicle may be able to sell their car for parts.
This can be quite profitable too since some parts that are rare or are discontinued in manufacturing can be the missing piece for someone else’s vehicle.
The problem is that it will take time to sell the car for parts since there aren’t a lot of people looking for them.
Sell it to Car Wreckers
Last but definitely not least is selling them to car wreckers. This is, by far, the easiest way to get rid of an old vehicle – hassle-free, regardless of its condition.
All you have to do is contact a car removal service, tell them your location, and they will pick up your car from your garage free of charge. Not only that, but they’ll also pay you cash for it.
Car wreckers are in the business of selling cars for spare parts as well as selling the metal parts of the vehicle. A junk shop for cars, if you will.
The profit that you get from your old car will vary depending on its condition and the route you went to get rid of it. In general, the more effort you put in selling your car, the more profit you might get.
These are some of the ways to get rid of your old car and profit from it. Not everything in here will work in your situation but there’s definitely something that will work.