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What to Do With Old Cars: 5 Ways to Make Money

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Originally posted on https://criticalfinancial.com/what-to-do-with-old-cars-5-ways-to-make-money/

 

That old car that you have sitting out in your driveway might look worthless to you. But in reality, there is a good chance you could use it to make some money in a short period of time.

The key is knowing what to do with old cars once they’ve worn out their welcome. There are quite a few options for those interested in unloading an old beater.

Here are five ways to make money with an old car.

1. Fix It Up and Sell It

If you have an old car that’s literally falling apart on you, fixing it up is going to be a huge waste of money. But if you’re at least somewhat handy when it comes to cars, making repairs to an old car that’s in decent shape could be an option.

Get your old car up and running again and then see if you can find any takers in your area. This an especially good idea if you have a desirable make and model car.

2. Sell It “As Is”

Don’t feel like taking the time to fix up an old car? Attempt to sell it “as is” by sticking a “For Sale” sign in the window or advertising it on an online marketplace.

There might be someone out there who is interested in finding a car like yours and fixing it up themselves. You might not get a ton of money for it by taking this approach, but it’s better than nothing, right?

3. Trade It in for a New Car

Car dealerships will do almost anything to get people to purchase a vehicle from them. That includes agreeing to take their old, beat-up cars as part of a trade-in offer when people are trying to figure out what to do with old cars.

This is, again, not going to get you a huge return. But if you’re going to be buying a new car anyway, you might as well try to trade your old one in while you’re doing it.

4. Pull Parts From It and Sell Them

Believe it or not, even the oldest cars are filled with parts that are still worth something. From catalytic converters to fuel pumps, you can find parts in your car that people would want to buy from you.

Pull these parts from your car and sell them one by one. It’ll take some time and effort on your part, but it could be well worth it in the end.

5. See If a Junk Car Buyer Wants It

You can junk a car for cash in a matter of days if you want to. There are lots of junk car buyers who would love nothing more than to take your car off your hands in exchange for cash.

Get some offers from different junk car buyers in your area and see who will give you the most money for your old car.

People Can Make Money by Learning What to Do With Old Cars

By knowing what to do with old cars, people can put a lot of money right into their pockets. They can also free up space on their properties.

Use one of the suggestions listed here to your benefit. You can get rid of a car you don’t want for money that you weren’t expecting to make in no time.

Learn some more great ways to make money by checking out our other blog posts.

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