Posted by: Discover Directory on 01/04/2019

What to Do With Your Old Car

What to Do With Your Old Car

Congratulations! You got a new car! A new car makes driving your regular commute just a little more exciting for a couple weeks. Maybe you got one with better mileage or more space.

Maybe you got a little red number for zipping around with the top down.

If you still have your old car sitting around and you aren’t sure what to do with it, take a look at these possible disposal options.

Before you decide on what to do with the car, check the value of your car online. Kelley Blue Book will give you the best idea of how much money you could get for your car if you trade it or sell it.

Then, get all of your paperwork in order. The required paperwork will vary from state to state, unfortunately, so check the DMV in your area to determine which documents you’re required to have when selling or donating your vehicle.

1. Sell it for parts

If you aren’t a mechanic or an engineer who has the tools and environment to dismantle a car yourself, you can still sell the car for parts.

Pull-A-Part is a helpful service that will buy your car for parts. If there are salvageable parts to the car, then you will likely get a good deal.

2. Donate it

Instead of money in your pocket, you’ll get a tax write-off. There are many non-profit organizations like Habitat for Humanity, your local NPR station, Make a Wish Foundation, and Vehicles for Veterans that will happily take your car no matter what the condition is.

3. Trade it in

Probably the easiest solution on this list, especially if you’re buying your new car from a dealer.

When you trade in your old car, you’ll probably get your new car for a lower price, and you won’t have to figure out a way to get rid of it. The dealer will take care of most of the paperwork, and then they can figure out what to do with the car while you drive into the sunset in your new ride.

4. Sell it privately

If your old car still runs okay and doesn’t need a lot of expensive repairs, you’ll likely get a good price if you sell it yourself.

Maybe you can find a parent of a teenager who is learning to drive and they don’t want to get them a brand new car after they get their license. An older car is the perfect vehicle for a young driver who is bound to make some mistakes.

You have a lot of options

Most people if they’re buying a car from a dealer are going to trade in their old car to get a better deal on the new one. But you don’t have to do that.

You have a lot of options, so take a look at what your car is worth on KBB, and then go from there. There are no wrong options - except maybe letting your old car sit in the garage.