Owning a car is an unforgettable experience, and it could be hard to let go.
Eventually, car owners will step back to assess the value of the vehicle, sometimes years after it’s been parked or collected plenty of dust.
At what point does a vehicle become a junk car? The following categories provide clues about whether the timing is right to get rid of your junk car and earn some cash at the same time.
Depending on the make and model, a vehicle will be worth more in scrap metal once it reaches a high-mileage threshold.
Car owners who are willing to sell their high-mileage vehicles for a competitive price will be surprised by how much they can get by selling to a wholesaler.
It’ll be worth checking how much more value your car has for scrap metal versus its value as a mode of transportation.
Too old, unused
Unless you have a classic vehicle, chances are that your older, unused car is valued for its scrap metal.
An older, unused car, like a dusty and inoperable Cavalier, can garner fast cash if you’re willing to let it go.
A vehicle that’s involved in a car crash and is totaled as a result is another sign that it may be time to sell your car.
The truth is, the vehicle will cost far too much to repair. So turning the car over to a junk car company may be the ideal move.
Consumer protection laws shield owners of lemon vehicles, which can be unsafe to drive.
Car owners can get replacement vehicles and a cash payout.
Not everyone is so lucky. If you didn’t qualify for a replacement vehicle, give some thought to selling your car for cash.
Too many repairs
If you want to save money, it may be best to pass on expensive repairs needed to get your car back on the road.
Sure, regular maintenance and minor repairs are reasonable. But once you’re faced with more costly repairs on the engine or transmission, it’s OK to rethink your plans and consider selling your junk car.