Having a car is surely one of your greatest investments. However, like any other things, over time it is bound to wear down. And when this happens, the vehicle will start to become a liability instead of an asset to you. So if you have a junk car sitting on your yard for quite a long time now, you are probably thinking of effective ways how to get rid of it. Luckily, you have a number of options to choose from, here are two of the most highly recommended.
Sell The Car
For those with a fully working car, the best way to get maximum return is by selling it. Thanks to the internet, selling used cars has never been easier. You can post an ad detailing the specifications of the car that you are selling in sites like Ebay or Craiglist. In case you don’t want to go through the hassle of finding a private buyer, find out if there is a CarMax outlet near you. If there is, then ask how much they are willing to offer for your car. You can also sell your car to a used vehicle dealer but make sure that you know how much it is worth first before closing the deal.
Donate The Car
If you don’t have the luxury of time to put up an ad, find a car buyer, or scour for used vehicle dealers, then save yourself time by deciding to donate your car. People who donate their cars will receive tax deductions amounting to $500 or the selling price of the vehicle, whichever is higher. You should know that you will enjoy greater deductions if the charity will actually use the donated car. However, this is only possible if the vehicle you will donate is still in good working condition. Meanwhile, donated cars that are completely worn down are sold at an auction and the net proceeds will go to the charity of your choice.