Turning Rust Into Revenue: 4 Ways of Profiting From Your Old Vehicle

Is your beater beat up to the point that you’re embarrassed to be seen in it? Or maybe your older car that looks fine on the outside has been costing you way too much in repairs? There’s no shame in driving an old car, but it is important to accept the fact that maybe yours is close to outliving its usefulness. Frequent breakdowns and the worry that it’ll get you from point A to point B may have you thinking it’s a worthless hunk of junk.

If this sounds familiar, Los Angeles County residents can get cash for junk car in Long Beach. Just because it’s rusty, dusty, and musty doesn’t mean it doesn’t have any value. You can unload it and still make some money.

How To Know When It’s Time To Let Go of Your Junker

Some owners know exactly when it’s time to let go of their older vehicle, while others struggle and are unsure. Although this is a personal choice with a lot of variables, these red flags should be acknowledged. You could have a junk car and not even realize it.

• Safety – Do you worry every time you hop in your whip, concerned that you’ll make it back home in one piece? If so, you have a junk car, and it’s time to unload it.

• Recurring Repairs – Frequent repairs are a clear indication that it’s time to sell your clunker. It’s common for older vehicles to break down much more often.

• Resale Value – If the cost of repairs is 50% or more of your vehicle’s resale value, unfortunately, it’s reached the status of being a junk car. You can check your car’s value by using the Kelley Blue Book car value calculator.

How To Profit From Your Old Car

Once you’ve determined that you do indeed own a junk car, don’t fret, and don’t just haul it away to the junkyard or abandon it in a dark and sketchy back alley. Older vehicles and junk cars have some value left in them, and you just need to know where to find them. Here are four options.

• List It Online

There’s a buyer for everything. Running or not, you still could potentially find a buyer for your wreck. Backyard mechanics are always looking for project cars, either to rebuild or to scavenge parts from. This process could take a while, and you’ll have to deal with tire-kickers, but if you have the time, this method could put some money in your pocket.

• Sell It for Scrap

Although you won’t get top dollar, selling your jalopy to a junk or scrap yard will put some money in your pocket fairly fast. Scrap yards see the value in your old car by how much they can sell its metal for. Metal prices change daily, so what you’ll be offered could fluctuate a bit. Unfortunately, not all scrap yards will come and tow your clunker away for free. Many will require you to bring it to them. You could choose to have your vehicle towed away by a provider such as Hook Em’ Up Towing, a fast and affordable towing service, working 24/7.

• Sell It to a Specialized Dealer

The most hassle-free way to unload your junker and get the maximum amount for it is to sell yours to a specialized junk car dealership. These businesses buy all vehicles regardless of mileage, age, or much-needed costly repairs. Many offer free towing, so there’s no need to worry about how to get it to them. They’ll come to you, take it away, and leave you with cash, a check, or payment via your favorite cash app.

• Donate It

Aside from the feel-good factor of doing something nice for those less fortunate than you, there is a financial benefit to donating your clunker to charity. After donating your junk car, once the charity sells it, they’ll mail you a receipt that states what their selling price was. You can use this document as proof of a charitable donation that can be used as a tax write-off.

Rust Into Revenue: How To Profit From Your Junk Car Explained

Once your clunker has reached the point of no return, many feel that it’s a total loss. This misconception couldn’t be any farther from the truth. Some individuals and businesses see value in what you see as junk. Beauty is in the eye of the beholder, and one man’s junk is another man’s treasure.

The easiest and most profitable solution is to sell your hunk of junk to a specialized California dealer who buys cars no matter what their mileage, age, or condition is. They’ll come to you, haul it away, and leave you with cash in hand.