How to Sell an Old Car for Cash

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Selling an old car, whether it is running or not, is a good way to raise some extra cash. If your car is very old, has a lot of miles on it or is in overall poor shape, you won't be able to sell it for a lot of money -- even if it's considered a classic or antique. But you may be able to sell it quickly if the price is right. If you have an old car that you've restored, then you may be able to expect a higher price, but you may also have to wait longer to find a buyer.

  • Research your vehicle's worth. You may know everything there is to know about the car itself, but you need to know the car's reputation, its historical resale value and whether it's sought-after.

  • Classify your car's condition as either mint, excellent, good, fair or poor. A car in mint condition looks and runs perfectly. A car in fair or poor condition may show rust, dents or dings or exhibit mechanical problems. Improve your chances of a good price by taking care of maintenance issues and minor repairs and having your car cleaned.

  • Look up the value of your vehicle using an online tool as well as searching for similar vehicles in a similar condition for sale both online and off.

  • List your car for sale in your local newspaper, on a classified website or online on an auction site. If you are confident in your price, state that the price is firm. If you are willing to negotiate, offer your car for sale for your selected price or the best reasonable offer.

  • List your car for sale in collectors' magazines or websites if your car is a classic or antique. This will ensure that your vehicle is seen by those who know its value.

  • Answer questions about your vehicle and its condition honestly. Unless the car is impossible to fix, even old cars that are in poor condition often sell to those who want a fix-up project.

References

  • Photo Credit Paul Piebinga/Photodisc/Getty Images
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