Looking for Extra Money? Here’s Why You Should Recycle Your Old Cars

December 12, 2022
 By Erin H.

If you’re looking to make extra money, there’s a good chance you can recycle your cars for cash! Below are some of the many reasons you should consider recycling your vehicles, and how recycling can help put extra money in your pocket!

Get a Payout From Your Accident

There are about six million car accidents in the US each year, with roughly half of those leading to injuries. If you’re involved in an accident, you may be entitled to compensation from the other driver. But depending on the severity of the damage, it can take quite a bit of time and money to repair your vehicle. Recycling your car instead of repairing it could help you get a bigger payout more quickly. You’re likely to receive more money if you scrap it as opposed to repairing it, and you won’t need to wait for the repairs to be completed.

Help Reduce Emissions From Landfills

Every year, millions of old cars are sent to landfills and junkyards. Many have large amounts of hazardous waste, such as oil, antifreeze, and brake fluid. However, according to Waste Advantage Magazine, 25 million tons of material is salvaged and recycled from cars every single year. Recycling your car will help reduce emissions from landfills, and help keep our environment clean and healthy. Not only will you be doing your part to save the planet, but you’ll also get paid for it! In some states, you can even receive additional funds to help offset the cost of recycling your car.

Receive Tax Breaks For Donating Your Car

If you’d rather donate your vehicle than scrap it, you could be eligible for a tax break. Donating your car will help support local charities and individuals in need, and you’ll receive a receipt that can be used to claim a federal income tax deduction. You’ll also get the satisfaction of knowing your old car has gone to a good cause, as it may provide someone with the transportation they may need. If you’re looking for more ways to save on taxes, be sure to check with a tax professional for more information about your specific situation.

Make Extra Money Quickly

Recycling your car can be an easy and efficient way to make some extra money quickly, without having to wait around for repairs or take on additional jobs. Most recycling centers will pay you cash on the spot, so it’s an easy way to make some extra money. It’s best to shop around and compare prices when looking for a recycling center, as you’ll want to make sure you get the best deal. You may also be able to find additional ways to save, such as taking advantage of discounts or promotions.

Sell Your Car For Parts

Not every part of a car can be recycled, with 20% of the total car’s weight not salvageable. This non-salvageable portion is referred to as auto shredder residue (ASR). ASR still contains valuable parts and materials, such as metals, rubber, and plastics. If you’re looking to make a bit of extra money from your old car, you can sell the parts for cash, or use them to fix up another vehicle. To sell your car parts, you can post them on online classifieds or take them to an auto parts store. You’ll likely get the most money if you take your car to a scrap yard and sell it in bulk, as they will pay more for large amounts of materials.

Recycling your car is a great way to make extra money while also helping the environment! Car recyclers will pay you for your car, no matter what condition it’s in. They’ll also take care of disposing the hazardous materials and other parts that can’t be recycled safely. Don’t let an old car take up valuable space. Recycle it and get some money back in return!

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