Vehicles provide access to convenient transportation, but a car or truck that is no longer running can quickly become a burden. Instead of turning to costly towing services to get rid of your obsolete vehicle, you should opt to turn your clunker into cash instead.
Trading your old car or truck for money can seem complicated, but here are three simple avenues you can pursue if you want to generate some income using your obsolete vehicle:
1. Contact a charity.
Charitable giving can provide you with a number of benefits. Not only will you have the peace of mind that comes from knowing you are giving back to your community by helping those in need, but donating your old car to charity can provide you with some valuable cash benefits as well.
You are able to claim your donated vehicle as a tax deduction when filing your income taxes the following year. While donating your car to charity won't result in immediate cash, it could help you reduce your tax burden in the future.
2. Sell your vehicle to a junkyard.
If your vehicle still has parts that function properly, then a junkyard might be interested in purchasing the car for their inventory. Many mechanics or individuals looking to repair a vehicle for cheap will turn to junkyards for replacement parts.
A junkyard will provide a tow truck to haul your obsolete vehicle to their location, then give you money to take the car off your hands. Selling an old car to a junkyard can be a great way to generate some profit from your obsolete vehicle in the future.
3. Sell individual parts online.
If you want to maximize the amount of money that you receive in exchange for your old car, then you might want to consider parting out the vehicle online. You can list spare parts that are still working on your vehicle, and allow individuals to purchase the parts directly from you.
The total of the parts that you sell will likely be higher than the price you would receive trying to sell your obsolete car as a whole, making parting out the vehicle online a lucrative way to get rid of an old car.
Identifying some simple ways that you can turn your old clunker into cash will help you see your obsolete vehicle as an asset rather than a burden. Contact a "money for junk cars" service for more information and assistance.