Tuesday, 9 October 2012

Alternative Places To Get Cash For Vehicles In DC

By Sharlene Fleming


A quick search online should yield fast results for places to get cash for vehicles in DC. Like any large metropolitan area, there should be many options and search engine results. You can search in the yellow pages but you won't get nearly the results that an online search with a search engine can produce.

There are many places that will buy cars simply for the scrap metal. Be warned that you are not going to get top dollar for any car in this situation. Most people or companies that purchase cars for this reason are also trying to make a profit, so they are going to offer the least amount of money that they can.

You may consider donating your car to a non-profit organization and letting them sell it. You can get a tax receipt from the non-profit org that entitles you to write the value of the car off your taxes at the end of the year. While this will not put cash in your hands now, it will save you a lot of money at the end of the year. You may get a tax refund as the end result.

DC has some large printed publications, such as a very well known newspaper that is circulated nationally. Placing an ad here may be a great way to get cash from a car. To sell this way, you will need to have clear title.

Many places will purchase junk or scrap cars without even having a title. Again, you should be aware that you are not going to get much money this way. The person only has the option of using the car for parts and/or selling it for scrap metal. This means that regardless of what condition the car is in, you are only going to receive a few hundred dollars at maximum.

Places that we all know as pawn shops are another option. Some, not all, will loan money on vehicles with a clear title. If you do not have the title or is is not a clear title, then you will not be able to use this option. Also, you are not going to be allowed to drive the car while they have loaned money out on the vehicle. You will have to leave it with them on their lot.

This proposes another problem for you if this is your only means of transportation. Should you lose your job or be unable to make a payment on time, your car might be forfeit to them. Make sure you know what you are signing and read papers carefully.

Other places to get cash for vehicles in DC that you may want to consider are payday loan companies. You may be able to use your title as collateral in order to secure a loan or just get a loan based on your income from your job. Either way, you'll have high interest and you'll need to make those payments on time.




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