The main element is knowing how to proceed with old cars once they’ve exhausted their welcome. You can find quite a few options for those interested in unloading a vintage beater.
Here are 4 ways to make money having an old car.
1 ) Pull Parts Out and Sell Them
Believe it or not, even the oldest cars are filled with parts which are still worth something. From catalytic converters to fuel pumps, you can find parts in your car that people would like to buy from you.
2. Sell It “As Is”
Don’t feel just like taking the time to fix up an old car? Try to sell it “as is” by sticking a “For Sale” sign in the window or advertising it on an on line marketplace.
There might be somebody out there who is thinking about finding a car like yours and fixing it up themselves. You may not get a ton of money for this by taking this approach, but it’s better than nothing, right?
3. Trade It in for a Fresh Car
Car dealerships will do almost any such thing to obtain 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 folks are trying to figure out what to do with old cars.
That is, again, not likely to get you a huge get back. But if you’re going to be investing in a new car anyway, you might as well make an effort to trade your old one in while you’re doing it.
4. Fix It Up and Sell It
When you have an old car that’s literally falling apart on you, fixing it up is going to be an enormous waste of money. But if you’re at least significantly handy when it comes to cars, making repairs to a classic car that’s in decent shape could possibly be an option.
Get your old car ready to go again and then see if you can find any takers in your area. This an particularly good idea if you have a desirable make and model car.
Pull these parts from your car and sell them one at a time. It’ll take some time and effort on your part, but it could be really worth it in the end.