3.) Donate it to a learning institution
Suggested By: Harry
Why it's right for your vehicle: Destroying your car is well and good, but you could also donate it to a school or college, where a class could either learn how to fix the car back up, or transform it into something much more interesting.
A professor at the University of South Carolina turned his old 1972 MGB over to his class, who converted the car to an electric vehicle. It was a great project, and a lot better than letting the car rust away in a junkyard.
Photo Credit: Autoblog Green/University of South Carolina