Have you ever wondered about the meaning behind "old is gold?"

It's pretty simple: anything old isn't always a waste. Some can even mine gold from old mobile phones and laptops. Talk about taking a proverb literally.

The same applies to old vehicles. While it may be hard to extract gold from your old car, it's far from being useless. 

That said, let's talk about some things you can do with your old car.

If you're hoping to make some money off your old vehicle, you can either sell it to a dealership or online. 

Just remember, if you choose the first route, you might find their offer way below the fair market value of your car. It's not always because you have a beater car, but because they want to clean up your vehicle and sell it for a profit. 

As for the second option, you can sell your old junk car for a fair price, but it will take some work. That's why it's worth learning about some online selling tactics, especially if you plan to use Craigslist or a similar site.  

For a gently used car, it's better to trade it in so you can avoid the hassle of selling it on your own. You'll also save some money if your goal is to buy a new car.

Of course, even if you have a newish car, it doesn't mean you'll get a high trade-in offer. If a dealer already has vehicles similar to yours, you could get a lower offer. 

Plus, if your car's condition requires repairs, it's more work for a dealer. If you find their offer unacceptable, though, you don't have to accept it. Either find a different dealer or consider other options, such as selling or junking your car.

Most of the time, the best option to take is to call a junk car removal service. Not only will you be getting rid of your old vehicle, but you'll also earn some money. Keep in mind that some companies pay for junk cars to sell the parts and scrap metal. 

To find the best junk car removal companies in your area, all you need to do is search online for "junk car prices." Once you've compared rates, you can choose the best offer. Now, that doesn't always mean the highest one, considering there are scammers out there.

Be sure to do your homework and find out the rates according to the make and model of your car and its current condition.

Donating or recycling an old car is the right choice for some people. If you wish to make some money, though, you can sell, trade-in, or junk your old vehicle. Just remember that you're not under obligation to accept any offer, more so if it's way below the market value of your car.

For more auto and motor news, plus tips and more, feel free to check out our other articles.