What should you do with your used cars in Sydney? The answer mostly depends on the condition of your vehicles. If they are still running and just needs a few repairs, then you might want to sell them to private individuals.
But things are a little bit uncertain for vehicles that are no longer functioning and already beyond repair. Don’t worry, though. You can still make money from a used car in Sydney that is no longer safe to drive. Here are four ways to do that:
- Donate It to a Charity
Donating to a charity is a great way to get rid of a used car legally as well as earn tax deductions. You may not earn fast cash, but you will potentially save money by reducing your tax bill. Another good thing about this option is that you won’t have to go through negotiations with anyone. Whatever the condition of your car, you will get a fixed tax benefit.
Do take note that the tax deduction will depend on the selling price of your vehicle, so you will need to do some research on its current market price. You should also keep in mind that not all charities that accept car donations will get you a tax deduction. Before choosing one, double-check if the organisation really has a program for car donations.
- Sell it to Private Dealers
Used cars in Sydney aren’t like antique furniture pieces that hold their value or even appreciate in time. They depreciate fast, so you really shouldn’t wait too long before you decide to do something about your old vehicle. Sell it as soon as possible before it depreciates more and there are no salvageable parts left.
Some car owners decide to sell their old vehicles to individuals who are into scrapping. You can try putting up advertisements offline and online to attract potential buyers.
- Scrap Your Car Yourself
Dismantling used car in Sydney for parts is also a popular way to make money out of it. You may be able to sell some components to mechanics and those who are looking for second-hand replacement parts. Some of the most in-demand automotive parts are engine, window motors, windshields, and of course, metal. If you know how to properly use mechanic’s tools, you can scrap your used car on your own. If not, then it’s safer and wiser to send your car to an auto recycler.
- Sell it to an Auto Recycler
Donating a used car to charity involve tedious paperwork. Selling privately is expensive and takes a lot of time. Scrapping the car yourself is dangerous. If you don’t want to go through all these processes, then you are left with the last option: sell your car to auto recyclers.
Companies like Amazon Cars and Spare Parts offer the most convenient and quickest way to earn cash for your old and used car in Sydney. They will even tow your car for free and pay you cash on the same day if you wish! Call them at 0412 711 318.