Used Car: Sell, Trade, or Donate Your Car?

Used Car: Sell, Trade, or Donate Your Car?

2014-08-24 Old Car

Quebec City (Quebec) August 24, 2014 – As the summer rolls about towards its last stretch and the prospect of fall shows its way on the horizon, a common question needs to be answered for an increasing number of drivers: is my car good for another winter? Winters, with the cold climates, ice patches, bad roads, and abundant spreading of salt, are not kind to our cars. An extra year of rust and wear drops resale value, and a single patch of ice is enough to increase car insurance rates… or worse.

For those with the will and the means to buy a new car, trade-ins remain the most popular, hassle-free option – owners simply drive into the retailer with their old car and drive out with a new one, their old car having taken a chunk of the price off their new purchase. That being said, car dealerships obviously don’t offer the car’s full resale value on trade-in, so many opt to sell their cars themselves.

Québécois are increasingly likely to be driving cars they bought used, so the question of what to do with their own used car becomes all the more important.  There’s only so many times a car can be sold and resold before the exercise stops being worthwhile – and that’s when drivers can start looking at other options.

Gifts are common – especially as this time of year is also when many students will be leaving home to start higher studies. Between family members, the SAAQ even waives the usual taxes. This is obviously only an option for people of certain means – a gifted car still has to be road-worthy, and therefore represents a cost that has to be replaced.

For cars near the end of their road-worthy lives, then, donating your car is a safe bet. Even a rust-ridden deathtrap may still have some useful parts, and so many charities offer tax credits for used cars that they then sell for parts. For particularly old cars, the government even offers certain incentives on top of the tax credit offered by individual charities. These incentives vary by make and year, but can include a discounted bicycle or public transport credits – enough to break someone out of the cycle of used-car-winters, at least.

Life in Québec staff writer

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Life in Quebec Staff

News from across Quebec. For more Quebec news, business, politics, sport, entertainment, opinion pieces, events and other information please visit our social media accounts: Facebook: facebook.com/lifeinquebec Twitter: twitter.com/lifeinquebec

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