Do you have a damaged car taking up space in your garage and are not sure how to dispose of it?
Disposing of an aged, damaged car is not a simple decision. Indeed, selling it on your own is a hassle and will likely require you to invest in repairing the car before attracting interest.
There are also concerns about whether you will receive a decent return on your investment since repaired cars typically do not supply the returns that car owners hope. Thus, this will have you carefully considering before you travel this route, as you should.
Importantly, you may prefer to maximize your return, therefore paying for repairs to achieve minimal gains is not a sensible decision.
4 Ways to Dispose of a Damaged Car
We have four tips for you on how you can safely dispose of your damaged car.
Tip No. 1: Scrap it
If your vehicle is damaged to the extent that it no longer runs or requires additional investment, your best option is to scrap it. However, disposing of your car by scrappage requires work, particularly to receive the best offer.
First, contact the scrapyards near you. You will need to let them know the details of your car and how severely it is damaged. They may provide you with a rough estimate of how much they can offer over the phone, which will help you determine which one offers the best price.
But be sure to ask if they are willing to retrieve the car and if there are any charges for the service. Junkyards typically won’t charge you, therefore you will save money on towing services.
Second, once you decide on the scrapyard, the process just requires basic paperwork, and your part is done. Third, the team will collect the car.
Tip No. 2: Recycle it
Another option for vehicles that no longer run is to recycle them. This option is environmentally friendly as the car is shredded and its glass, metal, and plastic contents are reused. You help the environment by providing resources for car manufacturing, in particular production processes that eliminate excess wastage and pollution.
Locate vehicle recycling programs near you. For instance, residents of Canada can opt for the national “Retire Your Ride” program. In such programs, you acquire certain cash incentives in return for playing your part by recycling your car. So, not only are you helping the environment but you are also receiving money in return.
Tip No. 3: Donate it
For those that prefer to give back to their community, donating a car is an option. Certainly, you may believe that it makes no sense to donate a damaged car, but it can be useful for an individual who cannot afford a car.
Many charities accept damaged cars, such as Goodwill. Consequently, certain charities will even pick it up from your home.
You may not receive any cash in return, but your donation is usually tax-deductible. The incentive might not seem as ideal as recycling or scrapping your car. But you can feel satisfied knowing that you have helped a needy individual by supplying this person with a means of transportation.
Tip No. 4: Trade it in
Trading in a car is typically the common way to rid yourself of an aged car. But when it comes to the damaged car, it may not always seem to be the best option. After all, you will not receive much cash or credit for a car that no longer runs.
Importantly, you will need to contact local dealerships to learn how much your car is worth. Furthermore, you can research online determine the vehicle’s market value in good condition.
But do not expect much from the dealership. They will base their offer on the amount of damages and usually offer less than the market value. Finally, you will receive money to put towards a new car for purchase.
Remember, if you are not interested in the trade-in value offer from the dealership, you can always recycle or scrap the car.
Final Word: Damaged Car Disposal
All in all, disposing of a damaged car does not need to be a hassle. That is, provided you are aware of the options available and complete your homework. Once you are satisfied with your decision, proceed accordingly.