Your car has reached it’s final mile and it is not worth fixing. Now you’re wondering what to do with it. Depending on the amount of fixing needed, you have a few choices for figuring out what the best option is for your junk car.
When Is It Time To No Longer Invest Money Into Repairing A Vehicle?
Hanging on to a vehicle because of sentimental value can end up costing a lot of money to keep repairing. Once you let go of the attachment, figure out how much it is going to cost to make the repairs to your vehicle. At the same time, calculate in the cost of regular maintenance for the rest of the year. If the monetary amount you have written down is more than you want to spend or can afford, you need to consider getting rid of it.
Even after you make these repairs, the chances the vehicle will break down again increase as it gets older and parts start to deteriorate.
Car Repairs Far Exceed The Vehicle’s Value
It’s best to no longer make repairs if the cost is more than one year of monthly car payment. The other factor that determines it is time to sell your car, truck or SUV is if the repairs cost more than buying a vehicle in great working condition.
How Do I Get Rid Of A Vehicle That Needs Repairs?
Getting rid of your vehicle that needs repairs can easily be done by selling it to a junkyard or a junk car buyer who specializes in recycling car parts. Even though your car is way past the point of getting repaired, that doesn’t mean there isn’t any value in it. You can also opt to part the vehicle out yourself, however you will need to take precaution when removing fluids and oils. Once the vehicle is stripped, you’ll also need to get rid of the chassis and any remaining pieces.
Can I Trade-in A Vehicle That Is Damaged?
More than likely no, you can’t trade-in a vehicle that has been damaged. Dealerships do not buy damaged or wrecked vehicles. Most auto dealers will not offer you money for a trade-in if they can’t make a reasonable profit from it.
What To Do With A Car You Can’t Sell
If you can’t sell a junk car, call a junk car buyer. It’s quick and easy. No matter the condition, there is a junker who will buy it. Junkyard Dog buys all types of vehicles. As long as it has parts that can be salvaged, which is 100% of the vehicle, a junker will buy it.