When it is time to upgrade your daily ride, the main thing that often holds people back is knowing exactly what to do with the old car that has steadily been sucking money out of their pockets over the past few years. People may have some vague idea with how to go about getting rid of their old car, however, knowing exactly what your first move should be can bring things to a stand still. Finally take action by considering the following ways of getting rid of your old car.
Make a Trade
This is one of the easiest way to get rid of an older car whose value is less than compelling. Most dealerships will work with virtually anyone on establishing some credit with them for your old car as long as it runs and is in reasonable condition. This fact goes for both new and used dealers. This approach proves to be an excellent way to get some instant dollars towards a new vehicle when you do not have the time to invest in converting your old car to income through advertising.
Make A Sale
Many people find that when they put the leg work in, they can get a good deal on their old car by finding the right private buyer in their own town. Putting ads in the paper and parking the car in a lot where it will be seen by plenty of eyes can allow you to get a considerable amount of money. However, selling your car yourself can require some research so that you know what kind of price to ask.
Sell Your Car on Consignment
This approach is one that is unfamiliar to most people. When you put your car or truck out on consignment, a dealer handles the selling of your car. They charge a service fee for making the sale, however. This charge is usually between a 6 and 10 percent commission off the final price that they are able to get for your vehicle. Essentially, they do all the work and research, saving you time. They also have a considerable number of contacts and resources that the average person cannot gain access to.
There are plenty of charities around the nation who will be happy to accept an old car as a donation. When you take this approach, you are not getting any money upfront for your vehicle. However, you can add in the value of your car as a tax write-off the next time that you file. You will see money for the vehicle eventually. On top of this fact, you have the warm feelings that come with knowing you have done something good for those less fortunate than yourself.
Tap the Virtual Market
Many people feel that putting old cars in parking lots and taking out newspaper ads are a thing of the past. You can still sell your car locally, however, by placing the advertisement online. This type of advertisement allows you to get more information about the vehicle in the advertisement in addition to having the added benefit of being free. The ad can run indefinitely as well. There are plenty of social media platforms that offer these options or local message boards that might even be specifically geared to selling used autos in your area.
The Last Resort
Scrap yards will take just about anything you can throw at them. If your car is on your last nerve or will not even run, then have it towed to a junk yard where they will pay you for the estimated value of the scrap metal in the vehicle. Even in LA, auto salvage yards can be found and will pay a good price for cars with good parts.
Some of these methods offer more cash than others. The method that you choose essentially depends on how much time you have to invest and how much money you plan on acquiring for your new set of wheels.