Did you know that over 17 million cars were purchased in the USA in 2019?
Despite changing world conditions, there is no let-up in the buying and selling of cars.
If you have upgraded your car and are wondering what to do with your old car what can you do? Have you considered junking your car? Junking a car is a great way to profit from an old car that you don’t need anymore.
What do you need to consider before you junk a car? Why not check out our article to find out?
1. Stop Your Car Insurance
Before you say “junk my car“ and prepare to take the cash in hand, there are some minor details that you need to take care of.
For a start, you should cancel your insurance and any other financial obligations that you have towards the vehicle. If you have paid for a full year in advance, you might find that you are due a partial or full refund of your payment.
Even if your insurance is almost finished, it is still good to inform your insurance company of your decision. This will help them to keep their records up to date and also prevent you from getting further correspondence regarding the vehicle.
2. Remove Personal Belongings
Whether you have owned the car for 6 months or 6 years, you have likely used your car to carry lots of personal items: handbags, jewelry, money, makeup, and so on.
Some of these items could have real financial or personal value. Ensure that you check all compartments even if you are not aware that you have lost something.
If your car has folding seats, move them into each position to check that money or other small items have not fallen into cracks or small spaces.
3. Complete Your Paperwork
If you want to get as much money as possible for your old car, then taking it to a legit, official junkyard is your best option. However, the most trustworthy junk yards will want to see your proof of ownership amongst other items of paperwork.
Have these ready and in good condition to ensure a quick and satisfying sale.
4. Remove Anything of Value
If you want to get the maximum bang for your buck, why not get some basic tools and take items of value out of your car itself and sell them separately?
Your car’s alternator, starter motor, and other items can bring you a tidy profit if you sell them to a retailer or even an owner of the same model of car.
Why Junking a Car Is a Great Idea
If you need fast cash or are looking to get rid of an old car that you do not use anymore, junking maybe your best option. Junking a car is not as difficult as you think and has many benefits.
If you would like to learn more about car and lifestyle topics, you may want to take a look at our other blog articles. We research and publish informative articles that might help you!