If you have an older car in your driveway that is no longer running, you may be wondering what to do with it. There are a number of ways you can benefit from a car that is just taking up space on your property. Here are 4 things you can do with your old junker car.
Recycling an older car for money is a great way to benefit from a vehicle that doesn't run. You get paid based on the amount of aluminum and other metals that comprise your vehicle as well as the current rate for scrap metal. A recycling center will often pick up your vehicle for a small fee, or you can take your car in to have its recycled value assessed.
You can donate a non-running but fixable car to charity. You can get a tax write-off for this charitable donation at the end of the year when you file your taxes. The amount you can write off depends on the fair market value of your vehicle at the time of donation.
Part it out
If you consider yourself handy with car mechanics, you can part out your vehicle and sell the working parts individually for profit. Parts you can sell to a junkyard or the general public include:
Keep in mind that it can take a while to recoup your time and cost into parting out your vehicle, but it's a great way to make more money on your junker. What is left over when you are done parting it out can be recycled or sold to a junkyard for even more money.
Trade it in
Many car dealerships will take a non-running car as a trade-in simply to get you to buy a new vehicle. If you are in the market for a new car anyhow, this a great way to knock a small amount of money off the final sale of a newer car while getting rid of your old junker at the same time.
If you have an old car just sitting around on your property, there are a number of ways you can get rid of it and make a bit of money in the process. Whether you want to recycle the vehicle for scrap metal or donate it to charity, you can find great use for your non-running vehicle. If recycling your car, call multiple recycling centers in your area to see which one can give you the best price for your old car.