Here are several reasons to sell your car, even if it is still running and may be of some use:
Insurance
As long as you own a car, you must pay taxes for it. Without discussing nuances of insurance for used and old cars, the longer you own it, the more problematic it becomes, then, respectively, the more expensive it is for you to have valid insurance.
Therefore, there is no point in owning a secondary car you don’t usually drive but pay insurance for. From this perspective, getting cash for the running vehicle also relieves you from the burden of insurance expenses.
Vehicle Tax
Similar to the situation with insurance costs, as a vehicle owner, you are obligated to pay taxes for every vehicle you have as well. The troublesome point here is that, frequently, the more cars you have, the higher the tax rate becomes. In that regard, having an extra used car you don’t usually drive is just an expenditure you have to bear on a regular basis. So why not get rid of it?
The Cost of Fuel
Used cars are additional factors that add to the monthly cost of fuel you pay. Even more to that, older vehicles waste more fuel, which makes driving less cost-effective. That’s not a major issue, but it is still worth some consideration.
Technical Services
Used cars still require regular technical maintenance. They may need repair or part replacement. Over the period of ownership, such expenses tend to rise exponentially.
Better Selling Price
Last but not least, you may get better money for running cars, compared to scrap cars or cars with broken engines. So it’s absolutely better not to hesitate when you suspect your vehicle is breaking at any moment. Sometimes a week or two of delay may cost you thousands of dollars. Remember: a used car is always better than a scrap car.
Getting more cash for running cars, even if it’s severely used, is a better idea than pulling up to the point when the vehicle is no longer usable.
