It doesn’t matter how much you love or enjoy your car. There will come a time when it is not economically viable to keep driving it. The sad truth about today’s cars is that they’re typically not built for longevity.
Why should you junk your car?
Car manufacturers design and build vehicles to a specific price point and consider factors such as planned obsolescence. With that in mind, how do you know when it’s time to junk your car and buy a newer model?
Well, the obvious answer is when it keeps costing you a lot of money to maintain. Cars have hundreds of mechanical and electronic parts, and they only last for so long before they fail. Unfortunately, replacing some parts can cost a fortune if they’re no longer manufactured.
For example, let’s say your car is worth around $500 on a good day. If your vehicle’s ABS pump fails, it’s not unusual to pay almost double that price for a new replacement part. And sometimes it’s not possible to fit a used part if it’s “coded” to a specific vehicle.
How to get the maximum value for your vehicle
Let’s face it, you’re likely reading this article because you’re putting serious thought into junking your car. If you decide to go down that route, how can you ensure you get the highest possible price for it?
The following infographic gives you some practical tips and advice on the subject:
Infographic designed by: https://junkyardsnearme.net
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