This is one of our more random questions that we’ve received here, but we figured it’d be a fun one, so we wanted to answer it anyway. And it’s still related to family finance, so take note.
Andrew from Michigan asks: What should I do to get the most out of an old junk car my family owns?
Thanks for your question, Andrew. Well, to start off, you have a few options to consider here. One of the best long-term options is to donate your car to a local charity or nonprofit, which will allow you to get a tax write-off when you do your taxes the next time around.
But if you have urgent financial needs that can’t wait until the following April, then you can get cash for your junk car by using a local car company. Sites like www.cashthatjunkcar.com allow you to find local companies that will pay cash for your junk car.
In most cases, you can get at least $500 or more for your junk car, and all things considered, that’s not too bad. If you need more, you could always try to sell it yourself on a site like Craigslist. The problem with that, however, is that it takes a lot of time and patience to find a buyer, and in any case, they may low-ball you to $500 or more anyway.
So I usually recommend going straight to the source and getting cash for your junk car directly. No matter what city you’re in, there’s bound to be companies in your area that have a need for scrap metal and car parts, so there’s always a good demand for junk cars. It’s just a matter of getting it done!


When you talk about family finance, you usually talk in terms of what’s best for your family in the long run – investing wisely, spending even wiser and doing what you need to do to reach your financial objectives. Unfortunately, one of the most expensive and poor investments you can make is with a vehicle, but it’s also one you can’t do without.