How to Get Rid of My Car for Cash
When Is It Time To Get Rid Of A Car?
Cars lose value as they age — there's no debating that. That loss in value can increase dramatically after an accident or when mechanical problems pop up.
Repairs can sometimes cost thousands of dollars. But when is enough enough? How do you know when to get rid of a junk car?
Here are a few key factors that can help you decide when and how to get rid of a car — especially if you're trying to sell a damaged car and get rid of that old car quick.
- How much will it cost to repair?
- How old is the vehicle?
- How much use are you likely to get out of it?
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Typically, if the cost of repairing your truck, can or SUV exceeds 50 percent or more of its current actual cash value, it's not worth making the repairs. Instead, it makes more sense to sell your car as-is and get paid for it.
When a car is running in good shape, maintenance costs should be relatively low. But as a car ages, maintenance costs typically go up. You'll find yourself spending thousands to replace a transmission or repair a faulty electrical system.
These costs will only go up as your car ages. The average car's engine is designed to last for 200,000 – 250,000 miles, and replacing or rebuilding an engine will almost always cost more than the vehicle is worth.
If your vehicle is already older — let's say, over 10 years old — then it's already depreciated significantly. Unless you think it's possible to get affordable repairs that will guarantee it runs for several more years, chances are you're burning money trying to fix it.
At a certain point, vehicles just start breaking down. If your car isn't already totaled or wrecked and you're just trying to repair minor problems, it might seem worthwhile to tackle each one as it appears. But the reality is the vehicle is doomed to continue breaking down as it ages, and it may make more sense to sell it and get a more reliable vehicle instead.
How To Get Rid Of A Car Fast
Unfortunately, as you may have already discovered, it's not all that easy to sell a damaged car. Most people assume a local junkyard is their best bet, but they're likely to waste your time with lowball offers or pressure you into selling your damaged car at a price you're not comfortable with.
Dealerships are likely to offer you an exceptionally low trade-in price for your vehicle, and if you have a nonrunning car, you're typically on the hook for the cost of towing, which means vehicle removal services could eat into any potential profit.
In some cases, depending on the condition of your vehicle you may be able to find a private buyer. But that takes time and negotiations. Fortunately, there are other buyers in your area willing to pay good money for junk cars and help you dispose of them fast.
The Best Way To Get Rid Of An Old Car: Use CarBrain!
When you need to get rid of your car, the best way to do so is with an online damaged car buyer. These types of business specializes in vehicles with problems, whether they're broken down, non-running or just old with a high odometer count.
There are many different websites for selling your vehicle online, but not all of them are equal. Some may only provide tentative quotes subject to modification when they pick up the vehicle. Others may charge you for the cost of towing your vehicle, and still others may simply not offer a fair market quote for your car.
When you're looking for convenience and speed, a service like CarBrain is right for you. CarBrain offers quotes in just 90 seconds, guarantees them for seven days and includes free towing and title transfer with all offers. Click the get an offer button to get a no-obligation quote in just a couple of minutes.
How can I get a quote for my junk car instantly?
It's simple and it takes less than 90 seconds... click the button below to get started and find out how much your junk vehicle is worth!
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Get Rid Of Your Car Today
With our advanced online pricing tool here at CarBrain, you can connect with a nationwide network of approved junk car buyers to get the best possible offer for your old car, pickup truck, van or SUV. It takes less than 90 seconds to find out what your vehicle is worth, and our offers are always guaranteed, with no obligation to sell. That way you're free to shop around and compare.
When you do decide to lock in your offer, we'll come to your home or office with FREE towing and junk car pick up within 24-48 hours. We'll put payment in your hand right there on the spot, getting you that much closer to paying your down payment with ease.
How to Get Rid of My Car for Cash
Source: https://carbrain.com/blog/how-to-get-rid-of-a-car