Today, the average car has been on the road for 11 years and typically lasts up to 200,000 miles. If your vehicle has reached the end of the line, it could be time to sell it and make a little money to help purchase a new one.
If you’re selling an old car, here are four steps to take to ensure you make a profit.
1. Do Research on the Price
Places like Edmunds and Kelley Blue Book can help you find the trade-in value of your car based on its year, model, and make. It might not be the exact price you can expect, but this information will at least give you a ballpark range.
It can also be helpful to look into other local listings. You might find a similar vehicle and can see what that car sold for. All of this research helps you set expectations and means you can get the most money possible.
Even if your car no longer runs, salvage yards can still take it, so getting a quote can be an important step in the process.
2. Have Vehicle Info Handy
If you’re trying to sell junk car, make sure you have all the relevant vehicle information at hand. This includes things like the car title, mileage, and information on any interior or exterior damage.
Your state DMV can also give you an idea of what’s required to sell a junk car. Being upfront and honest is the best way to make a good sale. You don’t want to misrepresent your vehicle.
3. Figure Out Where to Sell
When it comes to the best way to sell an old car, you have a few options. If your car no longer runs and is more than 10 years old, dealers likely won’t be an option.
Routes to take include selling to a scrapyard or finding a reputable junk car buyer online. Do your research in both cases to make sure you’re working with reliable people.If you’re trying to get the most money possible for your junk car, then be sure to get more than one quote to compare.
Once you’ve sold the car, remember to notify the DMV and your insurance company.
4. Clean Out Your Car
Before you hand over the keys, make sure you’ve gone through your vehicle. The last thing you want is to forget to grab something meaningful out of the car before you sell it.
Check places like your glove compartment, trunk, and back seat to make sure you haven’t left any valuables behind. And if your car is going to a salvage yard, you can remove the license plates.
Sell Your Car Now
Your beloved vehicle may no longer be roadworthy, but it can still bring in a little cash. If you’re selling an old car, though, be sure to take the necessary steps to get as much money for it as possible.
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