Getting rid of your old car can be a challenging task because your car represents a sizeable investment, and it is important for you to get the best value back for your car. While everyone is aware of trading in the car or selling it, many may fail to realize that recycling can make you eligible for valuable tax credits that may be worth more than what you are offered for the car. Unfortunately, automobile recycling is an often misunderstood task, and you may believe two incorrect ideas about this option.
Myth: You Can Only Recycle Running Cars
Some people are under the belief that auto recyclers are interested in restoring the car and selling it. However, this is not the case, and these professionals are only interested in the salvageable materials from the car. These usually include any valuable metals, electronics or working mechanical components that can be sold. As a result, it does not matter whether the car is able to drive.
Unfortunately, those with unusable cars may not consider this option because they assume they will have to arrange for it to be towed to the recycling center. Fortunately, this is far from the case, and most of these providers are more than willing to come to your home to collect the car.
Myth: A Title Is Not Needed To Recycle The Car
Sadly, it is not uncommon for people to lose the title to their old cars. While this may not seem like a major problem, it can lead to complication when it comes time for you to dispose of the car. Most auto dealerships will not make an offer for a car without a title, and the same can be said for auto recyclers.
This stems from the fact that it would be easy for criminals to steal cars and quickly sell them to recyclers if proof of ownership was not required. As a result, there are laws and regulations in place that can impose stiff fines on recyclers that accept cars without this document. Luckily, if you do not have a title, it is usually possible to obtain a new one. While the exact rules vary from state to state, a local auto recycling center will be able to provide you with information on how to go about this.
Recycling your old car can be an excellent way of getting rid of it while also obtaining valuable tax credits. However, before you make a choice about what is the best option for disposing of your car, it is important to clear the air of a couple of myths about auto recycling so that you can make an informed choice.Share