There comes a time in many car owners’ lives when they ask the question, “Should I scrap or sell my car?” The sad truth is that no matter how much you want your car to last, it’s not built to last forever. Sticking with scheduled maintenance can help with preserving longevity, but accidents can happen and damage your beloved ride. Are the repairs worth the cost or are the alternatives- scrapping or selling- more viable? Maybe you are unsure about which is the better option. How do you decide to scrap or sell your car? Maybe we can help you answer that question.
Selling Your Car
When it comes to a private car sale, the process can take some time. It can prove to be more lucrative than scrapping, but you have to trade in time and effort for the big bucks. You will need to do your homework and check the going price for your particular car and be prepared to perhaps find that the price is below what you had in mind. Buyers may want to negotiate a price that they prefer for the car, which could impact the outcome you were seeking if they manage to convince you to knock down the price. To counter this move before it comes into play, push up the asking price in anticipation of negotiations.
Scrapping Your Car
It’s quicker and easier to scrap a car vs selling one. The big disadvantage of scrapping is that you may not make much money for your car compared to selling it privately. You don’t have to burn time preparing it for sale, taking pictures, posting ads, scheduling viewings, or taking potential buyers on a test drive. If you don’t plan on replacing any removed parts, scrapping may be a better option than selling. Scrap your car if the selling price will fall under $500, the airbags have been deployed, need a new hybrid battery, or the car frame has significant damage. If major repairs are needed that wouldn’t make good financial sense, scrapping may be a wiser option.
Other Car Issues Not Worth Fixing
Is Scrapping or Selling Right For You.?
- Blown Motor
- Faulty transmission
- Power Control Module (PCM) failure
- Main wiring problem
- Air Conditioning Recharge or Repair
What is it that you want to gain from your car? Maybe you want to earn some profit, which goes in line with selling it. If your car’s health is seriously in question, scrapping is the way to go. What will you decide? Scrapping and selling are two ways to get rid of your unwanted vehicle. You stand a chance of making a little more cash from selling than scrapping. Whatever you decide, ensure it’s what you want to do and that it’s best for you.