When your car requires a repair that is worth more than the value of the car itself, it’s becomes time to think about other options. If your car requires some of the most expensive auto repairs, there are many alternatives to fixing it up. Instead of letting it take up space in your garage or driveway, here a few options to consider:
Sell it online
Even if your car is too expensive to repair, there are many people out there who would be interested in fixing it themselves, or selling certain parts of the car. While you may not have the time or knowledge to take the car apart and sell what is still working, someone else does. This is a quick and convenient way to get rid of your car and still get some money for it.
Trade it in at a Dealership
A dealership will take just about anything you bring to them, but they won’t always give you the best price for it. If the car is too expensive to repair, then they will have to sell it for salvage. You might not get the best deal here, but it does guarantee that you will get some return on a car that is no longer of value to you. It’s a convenient way to make some quick cash off of your car.
Sell the Parts that Work
If you know something about cars, you might want to try doing some demolition work yourself. Advertise specific parts on internet listing sites or take them to a salvage yard for some extra help. This is a great way to make a profit off of a car that isn’t worth fixing. Once you have sold the parts that work, you can get rid of everything else.
Sell it to a Salvage Yard
Let’s face it, most of us don’t have the time or skills to salvage a car on our own. Fortunately, there are companies that can handle this for you. Selling your vehicle directly to a salvage yard means that you’ll get to cut out the middleman that comes along with trading in your car at a dealership. A salvage yard is able to tow the vehicle from just about anywhere, and offer you a fair price based on the condition of the working parts and the value of the scrap metal.
No matter what you decide to do, make sure that you keep paperwork. Simply handing over the vehicle without handing over the title means that you could be inviting legal troubles down the road. Keep copies of the papers you sign and transfer along with your vehicle. Getting rid of your car may seem like a last option, but with the extra money you could potentially gain from selling it, look into the best used cars for a good price for your next automobile.