Restoring classic cars is a hobby for many people across the country. These cars are throwbacks to bygone eras and many get enjoyment from making them roadworthy again. However, sometimes this is just not feasible. Some classic cars cost too much money to get running again while others are just too damaged. Recouping the investment in these cases can be difficult. When a classic car project becomes a junk car, there are a few ways to get some money back. Here are three things owners of these cars should consider doing.
Sell To A Junkyard
When it comes to getting rid of a car, selling to a junkyard or salvage yard is the easiest option to get money for junk cars in a short amount of time. However, it may not be the most profitable option. Most cars go for around $200 to $400. The good news is that the junkyard does all of the work. Some services will even pick the car up and take it to the salvage yard if it's not in good enough condition to be driven. Cars that run and older cars can command more money than other cars. Another good rule of thumb is that salvage cars are often worth about 20% to 40% less than their blue book value.
Sell Parts Online
Those who have the tools and work space needed to take apart a car and remove the parts without damaging them are at an advantage when it comes to making the most money off their junked classic car. The key is finding a buyer and figuring out how much to charge for certain parts. Selling online is the best way to find a large pool of potential buyers. Websites and online auction sites are also great places to get an idea about how much a part is worth. Old listings can give a seller a good idea of the market value of an old part.
Find A New Buyer
Another thing to consider is whether or not a classic car really is ready to be junked. In some cases, a car that is too expensive or beyond the expertise of one hobbyist is a perfect fit for another. There are plenty of resources online, such as the Kelley Blue Book, that can help someone figure out how much they should ask for the car. Listing online can also help find a buyer quicker than just advertising locally.
Car restoration is a popular hobby. However, not every project ends with a road ready car. For those ready to give up, there are a few options. Selling to a junkyard or selling parts online can net a nice profit. For more information, contact a business such as U Pull & Pay. There is also the option to find a new buyer.Share
29 September 2016
There are so many things that can go wrong with a vehicle at any given time. Being on a tight budget limits me to the type of cars that I can afford to buy, and many times the ones that I buy require some work to get them running before I can drive them. What parts should you check when buying a car? What parts can easily be replaced without spending too much money? My blog will show you all sorts of things about buying a car in need of repair. It is my hope that you will learn what is worth buying and what should be left on the lot.