Is It Worth Selling My 2007 Nissan Versa for Scrap?

QuestionsCategory: Ask An ExpertIs It Worth Selling My 2007 Nissan Versa for Scrap?
Karen Sebastian Smith asked 6 months ago
I own a 2007 Nissan Versa with a failed transmission, which I can't afford to repair. Having inquired about selling it for scrap, I received quotes between $150-$300. As a first-time seller and as a woman, I'm unsure if these offers are fair. The car cost me $2400 and has served me well for 3 years, clocking 180,000 miles. Apart from the transmission and a damaged bumper, it's in decent shape. I'm seeking advice on whether $300 is a reasonable scrap price and if I should proceed with this option.
1 Answers
Zack Norman Staff answered 6 months ago
Hello there, Karen! Your situation with the 2007 Nissan Versa is no doubt a tricky one, and it sounds like you're making a good and practical decision, given that I too have scrapped a lot of older cars, often for pennies on the dollar. Here's a breakdown of your options, from my experience:
  1. Scrap Value: For a car like yours, $150-$300 is indeed a typical range for scrap value. This price can fluctuate based on the car's condition and current scrap metal prices.
  2. Selling Privately: You could try selling it on platforms like Facebook Marketplace or Craigslist as a "mechanic's special." You might get offers higher than the scrap value, but this requires more time and effort.
  3. Tax Deduction Option: Another option is donating your car to a charity, such as Public Radio. You won't get immediate cash, but you could benefit from a tax deduction.
  4. Transmission Issues: Before deciding, consider getting a second opinion on the transmission. Sometimes, a simple fix like cleaning a clogged filter can solve the issue, though this isn't a guarantee.
  5. Weighing Convenience vs. Profit: Selling for scrap offers quick resolution, but you might get more money by selling it privately or repairing it, though this involves more effort and potentially more costs.
Ultimately, the decision depends on how quickly you want to resolve this and whether you're willing to put in extra effort for potentially more money. If immediate removal and minimal hassle are your priorities, accepting the $300 scrap offer seems reasonable. I hope that answers your questions, and feel free to reach out if you have more questions! Zack - Motor Verso Mechanics Team