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California Business Journal
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Your Car’s Final Lap: A Guide To Earning From End-Of-Life Vehicles

by Jackie Crowley, California Business Journal
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After decades on the road, cars are ready to take their final lap as a functional means of transport. It is mainly due to the disastrous but necessary costly repairs that they would need. In other cases, it is because of the excessive mileage that has worn out every usable component. However, regardless of how they wound up with this unfortunate fate, a junk car is still a junk car. So, what do you do with a vehicle that’s deemed worthless?

California residents who own a beater can take refuge knowing that they can get cash for junk car in Santa Clarita. Yes, you did read that correctly. Your junk car still has some value; you just need to know how to find it.

How To Know When You Have a Junk Car

Not all junk cars look like junk. In fact, some that have hit this category may not even look bad. Speaking broadly, a junk car is one that has reached the point where it’s no longer useful. A great-looking newer vehicle that’s hiding a costly repair, one that doesn’t justify the money required to fix it, is, indeed, a junk car. The easiest way to determine if you have a junk car is to check its value using an online vehicle value calculator like Kelly Blue Book.

How To Earn Money From Your Junk Car

Despite a junk car being called junk, that doesn’t necessarily mean that it’s completely devoid of value. Even the most God-awful decrepit jalopy is worth something. The key is to know where to find the value and who values it. It’s foolish to pay a company to tow away your wreck, as it’s not the only way to junk a junk car. Here’s a look at a few options to get some money from a useless vehicle.

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Donate It to a Charity

There are several benefits to donating your junker to a charity. The most obvious one is that you’ll be doing something kind to help out the less fortunate, so there’s a “feel good” factor involved. Most will come directly to you and haul it away, leaving you with a receipt. Once they’ve sold it, you’ll be mailed a letter that shows what it sold for. You can use this document as a tax write-off, so there is a financial benefit to your kind deed.

Sell It to a Specialized Dealership

Both convenient and profitable, savvy owners of junk cars can sell them to a specialized dealership that purchases all kinds of cars. Broken down, damaged beyond repair, or barely running, they buy them all. The entire transaction can take place in the comfort of your home via an instant online quote and scheduling the free tow-away service. You’ll be paid in cash, by check, or by your favorite cash app.

Scrap It to a Scrapyard

Scrapyards are always happy to purchase junk cars. They see the value in them by their weight in their removable metal and its working components. You may not get top dollar for your wreck since the prices of metal can fluctuate daily, but they won’t turn you down either. If you live near one of these businesses, you could face a relatively hassle-free sale.

Try Selling It Online

Just because your car has hit the category of junk doesn’t necessarily mean that you won’t find an online buyer for it. There are scores of backyard mechanics who are always looking for specific makes and models of vehicles that they can purchase solely for the scavenging of useful parts. You may get lucky and connect with the right buyer who sees your junk as gold.

Your Car’s Final Lap: How to Profit From a Junk Car

Once you’ve squeezed every last mile and minute out of your vehicle, you can still squeeze a final cash payout from it. Although you’ll earn nowhere near the price you paid for it, that’s normal for any type of used vehicle, regardless of its condition. The trick, however, is knowing where to find buyers of junk cars.

The easiest and most profitable way to profit from your junk car that’s on its last legs is to connect with a specialized dealer who buys junk cars despite their mileage, age, condition, or appearance. Running or not, they’ll offer you a good price, haul it away for free, and leave you with cash, a check, or cash app payment.

Copyright © 2023 California Business Journal. All Rights Reserved.

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Tags: AmericansCalidorniacarcostjunk carKelly Blue BookMoneySanta ClaritatransportUnited Statesvehicle
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Jackie Crowley, California Business Journal

Jackie Crowley, California Business Journal

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