(4) Sell Your Junk Car To Parts Pickers
It is one of the most unbeatable ways to make money from old car. Dismantling a car is not an easy task. It does require some mechanical expertise to separate key components without damaging them.
Additionally, there are major environmental & safety concerns involved in dismantling engine & other parts of a car. Generally, car retailers & service centers are well experienced to follow the strict guidelines for handling & disposing of oils & other fluids.
If you don’t have the proper knowledge, training or facilities to dismantle then you can still sell your car for parts.
According to an estimate, automotive recyclers are known to supply retail & wholesale customers with quality auto parts that cost 20% to 80% less than comparable new auto parts. It is the reason why automobile owners are willing to buy old auto parts for their vehicles.
Some of the best parts pickers include PullAPart, Peddle, & many more. You just need to contact such service providers of your area to sell your car.
[Read Also: 10 Women-Friendly Ways To Make Money From Car]
(5) Auto Consignments To Sell Old Car At Higher Valuation
It is one of the simplest ways to make money from old car. Auto consignment is the process of handing off the automobile to a third party who sells it on your behalf.
The third party acts as a mediator between the buyer & seller of the old vehicle. The consignment company will in turn charge a fee for their services. Once you perform some math, you will find that you are able to retain higher valuation for your vehicle as compared to traditional method of selling car.
This method also typically allows you to consign a car that you are still financing. On the other hand, private sale of a financed car is much more complicated.
Some of the important task performed by a auto consignment company include determining car’s market value, marketing your car to potential buyers, setting the right price, selling, negotiating & handling paperwork as well as transferring consignment value to the potential car buyers.
One popular option for auto consignment in Mid Atlantic is CarLotz. But, you can also find many more independent consignment companies working in your area too.
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- Woman showing money in car background: Sellmycarla