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Around 70% of Americans are interested in buying used for their next car purchase.
With newer cars having a higher price tag that just keeps going up as the years go on, many consumers can’t afford to buy new ones. With the market for used cars booming and continuing to grow, you’ll have no problem selling a used car, even if it’s not running.
If you have a car that no longer runs, you don’t have to just give it away. Keep reading to learn how to sell a car that doesn’t run!
How to Sell a Car That Doesn’t Run
Just because it doesn’t run, that doesn’t mean you can’t still get money out of your car!
Here’s how to sell a broken car…
Step 1: Look for Companies That Buy Junk Cars
There are many companies that will pay cash for junk cars. These companies will take any car in any condition.
Not only will these companies give you a fair amount of money for your broken car, but they’ll also typically take care of towing the car as well. When it comes to quick ways to sell a car, this is definitely one of the easiest options!
Step 2: Ask Friends and Family
If you can’t find a company near you that will pay you cash for the car, ask the people around you if they’d be interested in buying it.
A mechanic or car-lover may be looking for a project to work on in their spare time, so they may be happy to take it off of your hands. Or, someone may be looking for an inexpensive first car for a teenager with the tools and knowledge to get it running again.
Start asking family and friends and try posting on social media accounts about the car!
Step 3: Start Creating Ads
If you’ve tried to sell the car to friends and family to no avail, you’ll need to widen your audience.
Try posting an ad on Craigslist or Facebook marketplace. Make sure you include all the necessary details, as you don’t want to mislead someone into purchasing it and then end up in a bad situation.
If you’ve had the car listed and weeks go by without any interest, consider paying for ads on Google or Facebook.
Step 4: Talk With a Local Car Dealer
While you may not get as much money out of the car if you work with a car dealer, this is a great option if you need the car gone fast.
Dealerships often buy cars that are in poor shape, fix them up, and sell them for drastically more than they bought them for.
Since dealerships typically have mechanics working on-site anyway, this is an easy way for them to make money.
Are You Ready to Sell Your Broken Car?
If you have a car that’s no longer running and you don’t want to spend the time or money fixing it, you can still get some money out of it.
Follow the steps listed above to get the best return on the car. Now that you know how to sell a car that doesn’t run, check out our other financial content!