If you’re running out of cash and you want to get rid of your car, you might be looking at a quicker and easier option to get rid of it. Conversely, if the car is in good condition and you have the time to sell it, you could be looking at a bigger payout. In any case, follow the methods below for great ideas about how to get rid of your car no matter what condition it’s in.
You can still recoup some money even if your vehicle is:
Broken down
Old and dilapidated
If the repairs to fix it are worth more than the vehicle
Rusted out
There are a few things to consider when you are getting rid of a junk car.
Are you willing to put in some time and effort to get more money from the car?
Are you willing to donate the car to a charity for a small yet rewarding tax receipt?
Do you have the space to store the car or its components until they sell?
Do you just want it gone as quickly as possible?
Knowing your time and space limitations will give you a good idea of which method to explore to get rid of your junk car.
Method 1 of 4: Sell the car yourself, or trade it in
Before you try to sell or trade your car, follow these steps to maximize your chance of getting the price you want. Know that selling it yourself, rather than trading it in or selling it to a used car dealer, will most likely get you the best price.
Step 1: Check the value of your car online. Check the Kelley Blue Book website, and other websites, like craigslist.com, to see what price your car is selling or trading for. Make sure you match the model and condition of your vehicle to that of others as best you can. From here, you can determine a fair price to negotiate from.
Tip: Whether you’re selling it privately or looking to trade, people will want to negotiate with you. When deciding what price you think is fair, think about raising your asking price another 10% so you have room to negotiate and a better chance of arriving at your desired selling price.
Step 2: Get all your paperwork in order. You’ve got to have all the required paperwork to sell your car for legal reasons as well as for the satisfaction of the buyer. I
It would be a shame to arrange a sale and then have to postpone it or have it cancelled because of missing paperwork. Because this information varies from state-to-state, check with the DMV in your state to determine what documents you’re required to have when selling your vehicle.
Tip: As a general guideline, be prepared with the title, bill of sale, maintenance records, a release of liability, warranty information (if it applies), and as-is documentation (if it applies, or included with bill of sale).
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