September 5, 2008, Newsletter Issue #59: Selling a Car for Salvage
Tip of the Week
You have several options if you want to sell your junk car. Some one might be interested in using the car for parts, so you could look into selling a car for salvage. However, if you want to do more than sell your junk car, you can donate it to a good cause and reap even more rewards than a few dollars.
If you sell your junk car, chances are you'll only get pennies on the dollar for what it's worth. However, if you donate your car, you can get a tax write-off for the value of the car and you'll help a good cause, as well. Selling a car for salvage is a good idea if your car is highly desirable or hard to get, but for most cars, it's simply not a good idea to sell your junk car. You won't get very much for it and you won't help a good cause, either.
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