For some individuals, putting together a collection of cars is more than a hobby — it’s a passion. If you have a love affair with the open road and the powerful machines that carry you through them, it can become a commitment to own several different types of vehicles, each with its own unique features and capabilities. And the vehicles in your collection don’t have to be all bright, shiny and new, either; most car enthusiasts discover that finding vintage or beat-up models, and restoring them to excellent working condition, can be just as exciting as going for a drive across the country.
The problem with machines
But as with any piece of machinery, problems with a car’s build and components will eventually arise because of wear and tear, careless usage, faulty handling by mechanics, or plain old age. As much as you would want to maintain your collection of cars, there will come a day when you would have to take a long, hard look at your fleet and decide which ones have seen better days, and should be driven out of your driveway for the last time.
Here are three key indicators that can help you decide whether a car ought to be disposed of or not:
Safety is becoming a concern. Driving old cars that you have fixed up and maintained by yourself, or even with the help of expert mechanics, can be a source of pride. But you need to pay careful attention to its working condition, first and foremost; if it is no longer functioning well and putting you at risk of figuring in a vehicular accident, then letting go of the car would be the best move to make.
You are spending too much time and money on repairs and restorations, but hardly getting anything out of it. Some enthusiasts may wish to restore the appearance of a classic car and not much else, but how will you get value from your investment if your car is only fit for display in your home, and not for actual driving? Your efforts and resources may be better focused on something more practical.
The car is taking up space that would be better utilized in other ways. You’ve likely built a spacious garage to house your fleet, but a serious collector will know that the space should be taken up only by cars with the best value. An old car that is beyond repair or no longer a good fit in your collection has to go, so you can acquire a better one or convert the space for a different use.
While selling to fellow car and restoration enthusiasts would be a typical solution, it’s also worth considering exchanging your junk cars for cash. In New Jersey, there are junk car buyers who will purchase any type of vehicle, regardless of its condition, for cash which will be handed over to you right on the spot. After a quick evaluation, these buyers will make an offer and give you the cash payment as soon as you consent to the offer. This would be an excellent method of disposing of cars — with the money you gain from the sale, you can work on your remaining vehicles or build a fund to buy another unique vehicle for your collection.