It’s generally understood that the longer you can hold onto your car, the better off you will be financially. Even so, there comes a time when you must choose whether to continue driving your older vehicle or sell it to car recyclers.
Here are some guidelines to use that may help you determine whether you should hang onto your vehicle or let it go to a car recycler.
Repairs cost more than the car
When the costs of repairs exceed the car’s value, you may want to consider selling it to a recycler. It doesn’t seem practical to spend more on repairs than what the car would be worth when fixed, which means it may be time to take your car off the road and put it in the hands of a recycler.
Old faithful’s no longer so faithful
If you’ve recently had one thing after another go wrong with your car, it may no longer be dependable enough to be considered a daily driver. Rather than worrying about your car breaking down, you could sell your vehicle to a recycler and then take the money you get to put towards a new ride that will be more dependable.
Perhaps you have inherited a vehicle that has no title. If so, you would need to go through a lengthy process in order to obtain one for it as it’s not possible to sell your vehicle to someone else without a title. You could eliminate this worry by allowing a car recycler to take it off your hands instead.
The forgotten project
Maybe you bought an older car some time ago with the intention of restoring it, but never quite got around to doing so. After sitting for a while, your vehicle now needs more work than you had originally planned on putting into it, not to mention the fact that you no longer feel inspired to restore it. You can free up space in your garage or yard by letting a car recycler haul away your treasure, which means you’ll be able to move on to another project.