How to Sell Your Old Family Car For Cash And Get The Most Value

When you've upgraded to a newer vehicle and have no use for your old car, there are several ways you can make some extra cash from that old car. With a little effort and research, you can quickly have cash in your pocket thanks to your old car. Keep in mind that whichever method you choose to sell your old car, proper paperwork including a legal, clear title will be required.

Repair and Sell

If the car you no longer want or need is in good or fair condition but requires minor repairs, it would be well worth spending a few dollars on those repairs before attempting to sell it. People are willing to pay more for a used car that they won't have to take home and work on themselves. Little things like seat covers and floor mats also add value to your car, along with decent tires and a clean appearance. Above all, be honest. Some states hold individual sellers to the same 'lemon law' standards as dealers.

Auction

Auto auctions are a good option for selling your car if it's in running condition. Most auction lots sell on a commission basis so will do their best to get a good price for you. The more your car sells for, the more money they make. Check with an auction dealer near you - they are experts and can let you know if your particular make and model car will likely be easy to sell through auction. Every auction has its own guidelines so make sure you know what to expect - can you set a minimum starting bid? can you reject bids? can you withdraw your car?

Sell Parts

'Parting out' a car will often bring in more cash than selling it complete. There is almost always a need for used doors, hoods, bumpers, seats, and other car body parts. Engine parts and transmissions can carry a hefty price tag when in good condition. Placing a small ad in a local newspaper or posting items for sale online will usually get several responses and good results.

Used Car Lots

In many areas, certain used car lots will pay you cash for your old car if it's in decent running condition. Just remember, they have to make money too when they resell so you may not get full value for your car when going this route. This option works well for a quick sale if you're not expecting a great deal of money.

Junkyard

Places that buy junk cars aren't looking to pay a lot of cash, but if you have a non-running old car to get rid of you may want to check with a junkyard. Many of them will even make arrangements to come to pick the car up for you. Money for junk cars is usually based on a flat rate, depending on the size and condition of the car. If there are usable parts the junkyard can resell, you can expect to get a little more than the flat rate.

Scrap

Scrap yards differ from junkyards in that most scrap yards are simply metal recyclers and aren't interested in individual car parts for resale. The amount of cash for scrap cars is based on weight, so much per pound of metal. Older, heavier cars will naturally bring more money than a smaller, lighter car.