If you have an old, rusty car just lying around, you might want to think about selling it for some extra cash. In case this is your only car and your principal means of transportation, then you have no other option but to sell it. You can use the cash to get a new car and use it for your transportation purposes.Â
In case the junk car is just a spare vehicle, still, you can do something with it rather than letting it sit around. In addition to selling it or trading it in for something else, you also have a number of additional options accessible to you.Â
Earlier, people used to apply for the government cash for clunkers program, using which car owners trade in their older, less fuel-efficient vehicles in exchange for some cash to buy newer, more fuel-efficient vehicles. However, the program no longer exists now (a proposal is offered to start the program again), so you might not be able to use it.
That’s why we have curated a list of some budget-friendly ways to deal with your clunker car. Let’s dig in.
Dealing with a Clunker
Allow Students to Learn about Repairing
It is often heard that schools, colleges and universities prefer to provide their students with some vocational training facilities. Therefore, if you dig a little more, you might find some auto repair centers just in an institution in your local area. You can also contact the school management to know about their facilities and also search for centers that provide repairing training to outsiders. Â If there is any shop that provides auto repairing training to outsiders. If you get a positive answer, you can give your car to them as a help of learning.
Gain Some Knowledge about Auto Repair Techniques from YouTube school
You can get a step-by-step tutorial for almost everything you want to know about on YouTube. It can be anything from swapping an old engine with a new one or analyzing any intermittent issue – you can also have a choice between a pro and an amateur one.
Make a Donation of Your Car
You will find many charities out there that are willing to take any car of any condition from you. Whether your car is broken, crapped out, or just old, it will not bother them to pick it up. Eventually, you would get a donation receipt from them for the car. However, you are not going to have in-hand cash for it but the receipt is enough to increase your tax return.
Sell Your Car to an Individual
How much money you make from your old or broken depends on whether you prefer a private party excluding any third-party entities from the business. If you look online, you will find several such individuals willing to buy your car. When there is no middleman involved, you will be able to generalize a higher value for it. The only issue that you might face is that this process might take a slightly extra time as you are the one who will undertake all the necessary procedures with your party.
Offer Self-Serve Automobile Parts
If you are an owner of renowned cars – then, you will always find someone out there who is looking for any used part in a working condition. Therefore, if you are privileged with such an option, make some advertisements over social media platforms and let people know about your offerings. This would make a clear deal – buyers purchase the parts and pay the amount for them to you.
Junk Your Car
If you feel that your car is not in that much of a good condition and therefore you do not have a choice of parting it, even then you have a good option of junking it. If you choose this option, the payment might vary from place to place which mostly depends on the chosen company or party. As some companies agree to pay an amount of $500 for any car – you can consider the amount to be a moderate one.
If you bother yourself a little more to drive the car to them, you might end up having a little extra amount than that they would provide if they come and pick it up.
Contact Your Nearby Garage To Get an Offer On It
If you prefer to repair your car from a mechanic as you do not know anything about it or cannot afford the cost of repairing it. You should contact the garage since the mechanic or even the shop owner might get interested in purchasing it from you and fixing it as it would not cost that much to them. All you need to do is decide a desirable amount you want to get.Â
Consign Your Care
Consignment is a new method that bridges private sales and trade-ins. In this choice, you get the option to ‘hand over’ your car to a third-party entity that puts effort into and sells it by your side. Obviously, these parties will charge for their service to you. But the math is easy as you will be able to gain much more than you would have generated in normal trade.  Â
ConclusionÂ
There are many options to make money in exchange for your clunkers rather than letting them hang around in your garage. You just have to choose the right option that suits your budget to deal with your clunker.