{"id":7410,"date":"2023-10-26T11:10:29","date_gmt":"2023-10-26T03:10:29","guid":{"rendered":"https:\/\/x.www.carsome.my\/news\/5-ways-to-get-rid-of-your-20-year-old-car\/"},"modified":"2023-10-26T11:17:09","modified_gmt":"2023-10-26T03:17:09","slug":"5-ways-to-get-rid-of-your-20-year-old-car","status":"publish","type":"post","link":"https:\/\/www.carsome.my\/news\/item\/5-ways-to-get-rid-of-your-20-year-old-car","title":{"rendered":"Getting Rid of Your Old Car: Here Are Easy Ways to Do It & Make Money"},"content":{"rendered":"

Our neighbor down south may struggle with this concept but in Malaysia, it\u2019s not uncommon to own a 20-year-old car. <\/span>Unlike Singapore, whose vehicles are bound by the Certificate of Entitlement (COE) that need to be re-registered or scrapped at the end of their lives, you can keep older cars in Malaysia as long as you\u2019d like.<\/span><\/p>\n

But what can you do if you have an old car at home that\u2019s just not getting enough hours on the road? Here are the options if you\u2019re looking to dispose of or sell your old car in Malaysia.<\/span><\/p>\n

1. Give Your Old Car Away<\/span><\/h2>\n

\"\"Sell off your 20-year old car you’d pocket a few thousand, give it to your 18-year old nephew and he’d cherish your generosity for life.<\/em> Credit<\/strong>: Autoblog<\/span><\/p>\n

Cars that have surpassed the 20-year milestone are usually way beyond their prime. Unless you\u2019ve meticulously kept up with its maintenance and only driven it responsibly, it\u2019ll probably have a lot of issues. Most of the time, it wouldn\u2019t be worth more than RM10,000 and options are usually limited to it being used as a spare vehicle or being sold for cheap.\u00a0<\/span><\/p>\n

If you have a family member or relative who needs a car, such as a college-going teen, it might be a good idea to pass it on to them. Remember to <\/span>transfer the ownership of the old car<\/span><\/a> at the Road Transport Department (RTD\/JPJ) if you\u2019re giving the car away. If you\u2019re maintaining ownership and just letting them use it, be sure to add them as a driver on the vehicle ownership certificate (VOC).<\/span><\/p>\n

2. Sell It Privately Online or To Used Car Dealers<\/span><\/h2>\n

\"\"<\/strong>We don’t have to remind you of this hilarious MyEG advertisement<\/em>. Credit<\/strong>: YouTube<\/a><\/span><\/span><\/p>\n

The most common way of dealing with an old car is simply selling it off. You can handle it yourself and put it up for sale on an online marketplace or bring it to a used car dealer. Whichever way you choose to sell your old car, don\u2019t forget to research its market value so you can set a realistic price that won\u2019t drive away prospective buyers.\u00a0<\/span><\/p>\n

At the same time, you don\u2019t want to get lowballed, so it pays to know the value of your car. Before listing the car, it\u2019s a good idea to use these <\/span>DIY tips to spruce up your car<\/span><\/a> to increase its resale value. <\/span><\/p>\n

3. Sell Its Parts<\/span><\/h2>\n

\"\"<\/strong>Abandoned cars are a common sight in our neighborhoods. Why not part it out and salvage the valuable bits rather than benefiting looters?<\/em> Credit<\/strong>: twilightzone518.blogspot.com<\/span><\/span><\/p>\n

It may be tedious and time-consuming, but most times, parting out an old car and selling its parts individually can yield higher gains than selling the car itself.<\/span> Selling off a 1990\u2019s\u00a0 <\/span>Toyota Corolla<\/span><\/a> may only fetch you little more than RM 5,000 but selling off its engine alone will see a return of more than RM 1,500. And that\u2019s excluding the gearbox, doors, seats, and trims.<\/span><\/p>\n

There are many Facebook pages and classified websites where you can advertise the parts from old cars but be prepared to play the waiting game. Once you\u2019ve sold off the parts, you\u2019ll need to dispose of the car\u2019s frame. And for that, you need to find a scrapyard.<\/span><\/p>\n

4. Sell It as a Scrap Car<\/span><\/h2>\n

\"\"Credit: YouTube<\/a><\/span><\/p>\n

Seen as the final destination for the metal scraps of a car, there is no shortage of scrap yards that will happily remunerate you for your old car in Malaysia. <\/span>You can even find and contact them online before you send your old car for scrapping.<\/span><\/p>\n

One particular establishment, Thanam Industry Sdn Bhd, quoted that you\u2019d be paid per pound of metal obtained from scrapping a car. They also highlighted that if a car is still usable, it can fetch a higher price.<\/span><\/p>\n

From the scrap car, various components and items such as batteries, carburetors, or seats will usually be salvaged for refurbishment or recycling. The rest, such as the doors and body of the car, are typically sold as scrap material.<\/span><\/p>\n

Read More: <\/b>How to Transfer Your NCD & Carry Your Insurance Savings Over to Your Next Car<\/span><\/a><\/p>\n

5. Sell Your Old Car to CARSOME<\/span><\/h2>\n

\"\"Credit: melodica.com.my<\/span><\/p>\n

Selling your old car may sound as easy as offloading a worn out, old pair of shoes but the reality isn\u2019t as simple. Dealing with countless \u201cprospective\u201d buyers and long queues at <\/span>PUSPAKOM and JPJ are one of the many hassles of selling your car yourself.<\/span><\/p>\n

To skip the hassle, just <\/span>sell your car to CARSOME<\/span><\/a>. Here\u2019s how:<\/span><\/p>\n

    \n
  1. Fill in your car\u2019s details on our website or app to get your instant price estimate and set an inspection appointment.<\/span><\/li>\n
  2. Attend the inspection appointment at your chosen CARSOME Experience or Inspection Center, or simply walk into a nearby center of your choice to get your car professionally inspected.<\/span><\/li>\n
  3. Our CARSOME inspector will offer you a price for your car on the spot.<\/span><\/li>\n
  4. Alternatively, you can put it up for auction on CARSOME\u2019s bidding platform where verified used car dealers will bid on your car.\u00a0<\/span><\/li>\n
  5. If you\u2019re happy with the price offered on your car, we\u2019ll proceed to help you with all the paperwork and processing.<\/span><\/li>\n
  6. You sold your car! Just relax while we bank in the money into your account within 24 hours.<\/span><\/li>\n<\/ol>\n

    Unlike selling your car yourself or to a used car dealership, selling to CARSOME is as convenient as it gets. We\u2019ll handle everything for you including the PUSPAKOM inspection, ownership transfer, and processing all the paperwork. Furthermore, we offer a competitive price with fast payment.<\/span><\/p>\n

    Visit CARSOME to <\/span>sell<\/span><\/a> or <\/span>trade in<\/span><\/a> your car or <\/span>download our app<\/span><\/a> today.<\/span><\/p>\n

    This content was originally published on 3\/4\/2017. It has been updated for freshness, accuracy, and comprehensiveness.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

    Our neighbor down south may struggle with this concept but in Malaysia, it\u2019s not uncommon to own a 20-year-old car. Unlike Singapore, whose vehicles are bound by the Certificate of Entitlement (COE) that need to be re-registered or scrapped at the end of their lives, you can keep older cars in Malaysia as long as […]<\/p>\n","protected":false},"author":3,"featured_media":12149,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[117,77],"tags":[],"yoast_head":"\nWhat to Do with Your Old Car in Malaysia: Sell or Scrap<\/title>\n<meta name=\"description\" content=\"Thinking if you should sell your old car or make it a scrap car? 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