Cash For Your Car! When and How

| Posted by admin in Vehicle Finance

Keeping an old junker car around is unsightly and a hassle. One of the best ways to get rid of a vehicle you’re no longer using is to take advantage of one of the many cash-for-cars programs in your area. There are three major options for ridding yourself of an unused automobile.

Cash For Your Car! When and How

The first is donating the car to charity. While this may not specifically be a cash-in-hand situation, the tax write-off is one of the best ways to keep cash in your pocket from the get-go. Another option is to call a junking or towing company. And, finally, you can go the auction route. All three options will get you cash for your car.

When donating a vehicle, consider contacting your favorite local or national charities to find out if they offer a cash-for-cars donation option. You may be surprised at how many small, local charitable organizations are set up to accept car donations.

Check with your tax preparer to ensure that the charity’s 501c(3) designation is applicable to your taxes for the year. Prepare the vehicle by giving it a quick wash and interior cleaning and vacuuming. The charity may opt to auction the vehicle so getting it to them in decent condition is ideal. You may have to drive or tow the vehicle to a secondary location unless the charity has a pick-up option. Find out details and get your donation letter from the organization to ensure you can apply it come tax time.

Simply driving around town is a good way to find out where to sell your car at junkyard prices. Often, tow trucks will boast a cash-for-cars option on the bed of their trailer. You might also call around and check the yellow pages and backs of local newspapers to find an automotive reseller in Troy, MI or in your area. The company will take the title and hand you a few hundred dollars cash straightaway. This is one of the simplest, most cut-and-dry avenues when selling a car for cash. The low-hassle option of selling the car to a junkyard or parts yard is fast and easy.

Selling your old car, truck, van or even RV at an auction is a more involved process but can potentially net a much greater profit. You have the option to accept only cash at local auction sites. You also have the opportunity to tweak your profits by submitting a car that’s clean and looks good externally.

If a car needs paint or dents popped, consider getting these cheap aesthetic repairs done before going to auction. Clean the tires and windshields, as well. A clean appearance will boost your chances of selling to a motivated buyer. Any one of these routes will result in cash for your car. Happy selling!

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