If you have a car that was in an accident and you don't think that you want to pay the deductible to have it fixed, or you don't have enough insurance to fix the damages, then there are some options that you want to investigate to get the most money. You want to be sure that you get everything that the vehicle is worth, so that you can invest the money in another vehicle. Here are some of the things that you have to be ready to call around about, and get more information on.
Sell and Be Done
There are many people that buy entire cars that are junk, and then give you cash for the vehicle. They will take the vehicle and do the work that is required to have it taken to the scrap yard, like remove the fuel tank and other things. If selling the junk car is something that you are interested in, find a scrap cars for cash buyer in your area. This may be the fastest and easiest way to get rid of the car and get money in hand.
Piece Out the Valuable Items
Take some time to piece out the valuable items on the vehicle if you want to maximize the amount of money that you can get. Someone with that model or make of car may be looking for an engine, transmission, radiator or another feature that is worth money. Take the time to advertise these items on a local classified site or auto part website, to see if you can sell these items and get the most money. Then take the vehicle to the scrap yard.
Donate and Take the Rebate
You may be able to donate the vehicle to a local program to help people who don't have money for cars, to a school that teaches mechanics or other places. Then when you get a tax deduction it can really help out at the end of the year when it's time to file.
Take the time to figure out what the best thing will be for you to do financially, and to find out what you have the time to do. If you are more worried about getting rid of the automobile and putting some cash in your pocket for your next automobile, then selling it to someone that will give you cash on the spot is best. If you have time, find out what parts are the most valuable and sell those.