How best to sell a junker car?
May 16, 2012 2:37 PM Subscribe
What's the best way to (legally) get rid of a car that's currently running, but beyond economic repair?
It's time for the mandatory annual roadworthiness certificate, and our 10yo (125,000 Km) basic Hyundai needs about $2000 in repairs, for a transmission that makes a god-awful clunking noise whenever we take a corner.
The residual value of the car after the repairs wouldn't be above $2000.
(My inclination would be to just spend the $2K & drive it for a few more years, but Ms Ubu feels that this is the beginning of the end. A year or two ago there were other unrelated repairs worth about $1500, and the fear is that at this point these kinds of repair bills will just keep coming in.)
Anyway, the question is: what's the best option for selling the car? I can think of:
- private sale
- trade in (although we're planning to try going carless for a while so this option isn't preferred)
- get some quotes & take it to a wrecking yard?
(is there some clever alternative I haven't thought of? Auction houses? Strip valuable spares out & sell them on eBay then junk the rest? Paint it pink & sell it on etsy as an object-d'art? Some kind of tricky tax write-off?)
We're in Sydney, Australia if that affects anything.