According to the Bureau of Transportation Statistics, the average age of automobiles in the US has become nearly 12 years. It is an encouraging statistic, as it points to many opportunities in the automotive aftermarket sectors, especially if you’re planning to get rid of your old car and make some moolah in return.
If you don’t know how to get rid of your old car, don’t worry. There are several ways to go about it. Queries like what to do with your plates when junking a car might arise in your mind. But if you keep the focus on the goal, the rest can be taken care of effortlessly.
Sell it to a Dealer
One of the most popular options for you might be to sell the car to a used-car dealer. This option is applicable only if your vehicle is in relatively good working condition. A quick search online with some of the following details will fetch you an approximate valuation of the vehicle:
- Car model
- Year of manufacture
- Damage and recent repairs
Getting an approximate valuation will hold you in good stead when negotiating a price with your local car dealer.
A recent survey in the US revealed that 59% of used automobile buyers now prefer online mediums with complete end-to-end purchasing capabilities rather than going to a dealer. So, if you’re trying to re-sell your car, this is an option you shouldn’t avoid.
You can opt for a classified advertisement on media channels or post an offer on your social media accounts. You may also try online selling markets like eBay and CraigsList. Whatever you choose, be honest about the pros and cons of the vehicle and fix a price accordingly.
If your car has been gathering dust in the driveway for some time and is beyond any chances of repair, junking it might be the best option. It can fetch you a fair price, too. Select a licensed junk car dealer and ensure that they are using a certified weight scale.
Suppose you are wondering what to do with your plates when junking a car. In that case, it is wise – and mandatory in many states – to remove the license plates before transferring the vehicle’s ownership to the dealer. Legally, after the car leaves your control, you don’t want to be connected to it to avoid liability.
If you’re looking for thoughtful ways to pass on the vehicle, consider donating it to a charity. For instance, Wheels for Wishes will accept all kinds of automobiles, and you won’t have to worry about the transportation or towing costs, as they will take care of it.
There are several charity organizations to choose from, such as Habitat for Humanity, DAV (Disabled American Veterans), etc., which utilize the proceeds from your car to help others in need.
Consider Trading it In
This option is not too sound economically, as you will get better remuneration with most of the above options. But it is still a good choice if you’re planning on purchasing a new car. Talk to your car dealer and trade in the old vehicle for knocking off a percentage from the price of the new one.
Whatever option you may choose, always remember to conduct preliminary research into the prevailing rates and laws before offloading your old vehicle.