28/03/2022
NEWS STORY
Everything has a point of no return. And if your car has reached its dead-end point and is no longer functional, it may be time to let it go.
So, how can you get rid of an unwanted car? Let's dig deeper!
Junking
Junking can be a great option if your car would likely not give you any value when you sell it through a private transaction. This loss of value could be due to the vehicle being in poor condition, needing lots of repairs, or doesn't have much life left.
When you junk your car to a junk company, the company pays you money (depending on the damage extent, weight, and overall condition) while it sells the car parts and scrap metal. Although you can do that by yourself (selling car parts and scrap metal), dealing with a junk removal service is more convenient and saves time.
To junk your car, start by picking your preferred junkyard. There are several junkyards to choose from, whether online or land-based. You can call USJunkCars at 888-871-4488 for Pick Up a junk car and get paid on the spot. So, next time you have a car you don't use, consider junking an unwanted car removal option.
Selling
If your unwanted car is in pretty good condition and doesn't have too much mileage, selling it may be a good option. You can sell the vehicle in a private transaction or to a dealer who later sells it. Although private transactions require you to advertise and deal with potential customers, they can maximize your profit. On the other hand, selling the car to a dealer may be easier but unlikely to give you maximum value for the vehicle. Alternatively, you can sell it and add some cash on top to purchase a brand new car.
To sell your car fast, pick your preferred selling option. Then manage private transactions through advertisements like Craigslist, Facebook Marketplace, or online auction sites. Or you can let somebody else do the work for you by consulting a cars-for-cash service. This way, you'll save yourself the hassle of dealing with buyers, set the specifications of the deal, and get the most value for your car.
If selling the unwanted car to a dealer is your preferred choice, look out for dealers with the best rates. It is best to go to dealers selling a similar brand as yours.
Donating
Besides feeling great, donating your car can reduce taxable income. You can get a write-off tax when you donate your vehicle to a qualifying charity. The tax write-off is usually equal to the car's value if auctioned. If the car doesn't get auctioned, you can get $500 or the fair market value, depending on the greater one. So, if you are donating your car to get a tax write-off, do your due diligence first and understand IRS rules before anything else. This way, you'll be at peace knowing you are dealing with the transaction properly and your unwanted car is going to the right place.
Unwanted car removal shouldn't be a hassle. You only have to weigh all your options and learn their pros and cons. Then select the best disposal method that suits your needs and preferences.