Old cars – Is it better to abandon them or sell them as junk cars?

By September 15, 2019 March 17th, 2020 AAQ Services

Once your car fails a state inspection and you know that the cost of repair exceeds the commercial value of the car, the owner has 2 options: keep it or get rid of the old vehicle (keeping in mind that taxes will continue being an obstacle). 

At this moment you should think of these 3 main things: The environment, public space, and your pocket. If you decide to keep the useless car, it will likely be in the way for not only you but also your neighbors. At that same time, you should consider that keeping it will bring you unnecessary expenses such as payment for insurance, taxes and maybe even a storage space to keep it hidden. Sounds like a lot of money, doesn’t it? That is why you should be smart and make a decision that makes your life easier.

There is a large number of companies on the market that solve this problem in exchange for money. That’s right…MONEY! Not only will they relieve you of the responsibility of having a useless car, but you will also earn money for it. Additionally, some offer completely FREE removal so that you don’t incur any extra expenses. There are certain people that get emotionally attached to things that are no longer useful, but if you are in this position, we recommend that you contract one of these companies. Sounds good, doesn’t it?

What you should do is remove the license plates from your vehicle and return them to the DMV or MVA before canceling your insurance policy, since if you cancel before returning the plates, the DMV or MVA could fine you since, as far as they are concerned, you were driving the vehicle without insurance.

You should also carry out the transfer of the car title to the company that you contract, since if you do not do it, the vehicle will continue being yours and you may get into problems if it isn’t used properly.

AAQ Services, Inc. is an MVA licensed agency that specializes in auto and commercial insurance, transfer of license plates, taxes, auto tag and title registrations for all vehicles, and more. Call us at 240-670-7611 or email us at info@aaqservicesinc.com and one of our experts will respond to all of your questions.