Junk cars can be very displeasing to the eye and it could ruin the aesthetics of the house especially when it is placed in the driveway or at the backyard. This is also troubling for neighbors and other people in the community. It may be best for everyone if you turn your junk car into cash, and yes it is possible. You will be able to help the environment and make money at the same time.
Junk cars can be very useful when you are looking to make a little sum of money. If it is a classic, it may be worth more than you expected. As a matter of fact, you have multiple options regarding what to do with you junk car.
First off, you may decide to help your neighbors in getting rid of their own junk cars. In fact, you may be could do it for free or for a little fee. But it may be wiser if you do not charge them for your services. Instead, you may replace your fees for the title of the vehicle. If the owner agrees, remember to take it from them before taking the car away.
You may ask: Why do I need to take the title of the car before taking their car away? If you are sure that they are not going to use the car anymore, you may sell it to others for a good sum of money. But it may be best not to tell the original owner.
If you do plan on selling it, make sure that you already know its market value. Consider consulting NADA Guide for a NADA car value. You can even look for Kelley Blue Book for good Blue Book Value. This will put you in a better position to start with. It gives you the space to move around when negotiating with potential buyers. Do your research and make sure that it is accurate so that you can attract more customers.
You may also remove any reusable parts from the junk cars which you can sell to other individual who may be in need for it. Parts that are very saleable in the market would include seats, tired, and panels made out of vinyl. In fact, if you feel that selling it at the front of your house is not feasible, you may post an ad in the local newspaper or post it online; this way you may be able to cover a wider area. For sure car enthusiast and people who are looking for cheap car parts will be rushing at you for a piece. It is easy money made with a little bit of effort. NADA Guide does not considers the conditions of the car and also does not considers the interior car parts in the NADA car value installed after the original purchase of the car.
In relation to selling car parts and accessories, if you see that those in a car cannot be used anymore, you may sell it to the junkyard along with the car per se. It is also important that you have the title of the car with you if you are choosing this option. The amount paid to you will depend on the car’s weight. In addition, the signatory will transfer the ownership of the car to the junkyard. Any incident involving the car will not be your responsibility.
Or you may also sell them to a salvage shop. Salvage shops bring junk cars over to their garage where customer look for what they are looking for and once they do, the part will be taken away from the car. This will then be paid at the salvage shop’s front office. Those cars which cannot be driven on are picked up by salvage shops. You should have the title ready during the pick up because the payment will be given once you give the title to them.
Money Making through Junk Car Sales
Selling cars to steel recycling business may be another option when trying to make money out from junk cars. But before making any rash decisions, you need to make sure that it can be done in your region.
After making sure that it is feasible in your region, you need to look for a dealer that buys scrap metal. The money paid will depend on the type of car you are to bring over and how much it weighs. A stripped car values better than flattened and non-stripped ones. Stripped cars are those which have their accessories removed leaving you with virtually nothing but a clean piece of steel.
You can start off this kind of business by looking around the neighborhood for junk cars. But if this does not work out well, you can always go door to door and ask the homeowners for their scrap cars. If they agree to give it to you for free along with the title, do not forget to offer to clean the area around it; also for free.
But if they do not agree with your first option, offer to pay them for it. You may still gain at least $50 - $100 even after paying for it.
To be on the safer side, if the car is in the workable condition then consider looking for its NADA car value on NADA Guide on the internet. You can even look for Kelley Blue Book for good Blue Book Value.
NADA Guide does not considers the conditions of the car and also does not considers the interior car parts in the NADA car value installed after the original purchase of the car.