When it is time to get rid of a vehicle and move on to a new one, you need to understand the best ways of donating or selling it. Depending on the age and value of your vehicle, you should have a lot of options in this regard. Below, you can read about three common ways to go about it, so that your vehicle can find a new owner in a way that is efficient.
Donate The Vehicle To An Organization
There are a number of organizations that will allow you to donate your automobile. Many of these organizations either specialize in recycling cars or matching people in need up with cars. Make sure that you research the organizations that take in automobiles to ensure that you find one that can do so in a timely manner. This is a good way to go if you want your automobile to find a nice home, without having to go through some of the hassles of selling. In most cases, you can also take advantage of a tax write off for donating your car. This write off must be itemized on your taxes and will allow you to take a reduction based on the car's donation value.
Sell The Car To A Salvage Shop
If your car is potentially on its last leg, or if it would cost more money than you are willing to pay to fix it, sometimes the best thing to do is sell it for parts. Auto salvage yards get a lot of value out of buying cars for parts, as in many cases there are still a lot of working parts that can be used to fix other cars. In most cases, you will be selling it as-is and will be turning the vehicle over to a salvage shop that is either full-service or you-pick. Either way, you should be able to walk away with a few hundred dollars for your junk car.
Sell Your Car To A Third Party
When your car still runs well enough to sell to another owner, you have a lot of options. For one, you will want to look up the Kelley Blue Book value to see how much it is worth both on the private market and from a dealership. You could learn the trade-in value to turn ownership over to a dealership, while using the credit toward a new car purchase. If you sell to a private party, make sure that you get the vehicle inspected thoroughly first to fix any problems.
With these three tips, you will be able to get rid of your vehicle on your own terms. For more information, contact local professionals like Action Donation Services.
