If you are thinking about buying a new car and you have a used car to get rid of then the simplest thing you can do is to trade the car in. And because automotive dealers normally want you to trade in your car, they develop ways to make the process easier and rewarding. There are many other options for you regarding that used car of yours. Here are three of those options.
Donate your car to a charity
If you only want to dispose your old car and money is not really a concern for you then donating your car to a charity is a really good option to consider. You won’t get any cash in hand or a discount on a new car purchase, but donating items such as a car is tax deductible. And of course, your donation will help people in need. If you donate to the right charity, your car can end up in the hands of someone who is in desperate need of a car.
Sell your car yourself
If you are interested in getting a good amount for your used car then selling it privately probably the best way to go. However, be aware that there can be a lot of work involved. You will need to invest your time in meeting with people who are interested in your car. You will also probably have to lay out some cash to clean up your car and to advertise it. You will also have to ready to “sell” your car by being dedicated to the idea and in presenting the car appropriately to potential buyers.
Trade in your car to a dealer
Trading in your car at a dealership will almost always be the easiest most hassle free way to get rid of it. You can avoid the tedious and time consuming work you would have to perform when selling the car yourself. You don’t even have to worry about making minor repairs or cleaning it. You will skip tasks such as placing advertisements, giving test drives, handling paperwork and any issues that might come up if your buyer is unhappy. On the other hand, if you trade your car in then once the dealer has it, it’s completely their responsibility.
Many people think you can’t get as good of a deal through a trade in as compared to selling it outright, but this is not always true. You can get really good deals when buying a new car. Plus you won’t have the expenses you would have when selling it. If you do not have the time to sell your car privately or you cannot afford to donate it then trade in your car.
These are just a few ideas to help nudge you in the right direction when considering what to do with your old car when in the market to buy a new one. Take these suggestions to heart and do your research to make sure you figure out the best way to handle your used car.