Do you have an old car that’s just sitting in your driveway and don’t know what to do with it? You actually have a few options. If it still runs, of course, you can sell it, but a better idea might be to consider auto donation. Here are some of your options for getting rid of your old car and why they make sense.
If you don’t want to take the time to list and sell your old car, auto donation might be the answer for you. There are many nonprofit organizations that take car donations, and some will even come to you and take it off your hands. What’s even better, is when you donate your car to a qualified charity, you’re not only helping people in need, but you can also save on your taxes because you can claim a tax deduction.
Sell It Through a Private Sale
Selling your old car is another option. It can take some work, but you can also determine how much you get for it, since you are in control. You’ve got a few options in how you go about selling it too. It might be as simple as putting a sign on it and putting it out in your driveway where people driving by can see it, but you might have more luck if you create an online listing for it. Website sites like Facebook Marketplace will allow you to post an ad for free, so you can sell it without any extra fees.
Trade It In
If you’re buying a new or used car, you have the option of trading in your old car to the dealership at the same time. If you trade it in, you can lower the amount you’ll have to pay for your new car and avoid all the hassle and paperwork that goes with selling it yourself.
The amount you can get for your trade in to put toward your new car will depend on the current market, the value of your car, and what the dealer already has on their lot.
Do you have an old car that doesn’t run anymore? Instead of bringing it to a junk yard you can recycle it instead. This is a more environmentally friendly way of getting rid of your car, and you might even make some money in the process. Materials such as glass, rubber from the tires, and some metals can be broken down and then reused in other ways including new cars. Even the batteries can be recycled and used to make new batteries.
How you choose to get rid of your old car depends on what is best for you. If you sell it, you can get cash in your pocket right away, but if you choose auto donation, you’ll not only help others, but see the benefit at tax time.
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