How to make money out of your old car

How to make money out of your old car?

Every new car will become old one day. In this scenario, you would want to replace your old vehicle with a new one. But what do you do with your old car ? Do you let it rot in your garage? Or probably think of keeping it and use it as your secondary vehicle. Or might as well leave it parked in the garage.

Most people fail to realise that their old car is mean to get extra cash. The biggest mistake that some people make, when they have an old car lying in the garage, is that they want to quickly trade it to a dealership to free up their garage space. Don’t do that. You are losing out a lot of money here. In order to get the maximum potential out of your old vehicle you should look at some of the exciting alternate options that would offer you a higher return.

Here are certain things you could do to make maximum money out of your old vehicle.

Working models should be resold

Since used car industry has grown popular in the past few years, it is one of the most popular ways to make money out of your old vehicle. Your car must be in working condition for that purpose and at least driveable with everything functional. Just spruce up your vehicle with some minor maintenance jobs like the paint job, and then you are good to go.

Don’t invest in needles upgrades and focus only on issues that affect safety and drivability.

  • Offer something extra while you sell

Providing original documentation and service records proves the car was well-maintained. If you have a new sound system or a new security system installed for your car make sure to mention that to the buyer as he would be tempted looking at the extras.

  • Always be transparent while advertising

If you have a broken AC or something in the car which is not functional, make sure to be transparent about it in the advertisement. This helps to establish trust and credibility with the buyers. Taking high-quality pictures of both the exterior and the interior of your car. This will make your car advertisement stand out and help attract more potential buyers.

  • Sell it to a dealer

This has been one of the most popular options. Never hesitate to contact the used car dealers. They can provide you instant cash for your old car. Also, you are assured that you get the best price for your vehicle. On the contrary, if you sell it to a private party, you might have to settle for less, and the process usually takes a lot of time in comparison to dealerships.

Sell the junk for Scrap metal

If your car is a non-working junk car, then it’s probably the right time to sell it to scrap dealer. About 1/4th of your car body is made out of steel which is recyclable which can be sold at a price. However, the amount of money that you would receive after selling your junk car could greatly vary from dealer to dealer. So before approaching any such company, you must first do part of your research. Car removal services in Adelaide offer good prices if your junk car is in good condition that is free of rust.

Also, dismantling the car is definitely not an easy task and requires a lot of mechanical expertise to remove the key components without damaging them. Moreover, there are environmental safety concerns that require strict guidelines to be followed. So it’s best to leave it to car removal services who are skilled at their job.

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How to make money out of your old car?
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How to make money out of your old car?
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Every new car will become old one day. In this scenario, you would want to replace your old vehicle with a new one. But what do you do with your old car ? Do you let it rot in your garage? Or probably think of keeping it and use it as your secondary vehicle. Or might as well leave it parked in the garage.
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Eada Hudes
Eada Hudes is an Arts student whose experiences in life make her really tougher than anyone else. She can lend you expert tips on diverse topics ranging from relationship to fashion, making money, health and so on. Her write-ups are a window into her thoughts and knowledge.
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