Prepare yourself to do some marketing, selling, photography, test-driving, customer follow-up, title work, vehicle history research, detailing, repairs, closing, contract writing, and even some schmoozing. Scared yet? If so, trading may be a better option. If not, keep reading.
Most of us make a mental calculation when we buy car insurance. The calculation is how much will it cost to fix the other car if I cause an accident? $20,000 sounds like more than enough in our example above, so that is what we buy. The problem is that only covers the car. Let’s assume I have a long day at work. I zone out while driving home, run a red light and hit a minivan. The mother and her two kids go to the hospital. They are going to be alright, but a host of medical services including surgeries are required.
Your car may be junk to you, but gold to another. Parts are valuable in the the junk business. Any salvager with a brain is going to strip the car and sell any parts that s/he can before taking it to the crusher. Research the parts on your car. A simple Google search would do wonders. This will give you an idea of what demand you’re dealing with.
Last, you must find the car title to your car. If you are not the title holder, then you may not be in position to sell the car at all. If you do not have the title but you are the owner of the vehicle, you must contact the local BMV for information on filing for a new car title. Most ls fe removal companies and “cash for cars” services prefer to purchase salvaged cars with the title. In some cases, scrap car buyers don’t mind purchasing cars without titles.
“But they wouldn’t sell car perfumes or air fresheners if they were toxic!” I hear you say. Actually… not so. The material safety data sheet (MSDS) of one of the most popular air ‘freshener’ and car perfume product actually states that one of the hazards of inhalation of their product is that it irritates the mucous membrane and upper respiratory airways, symptoms can include headaches, nausea and breathing difficulties.
Family car buyers are willing to trade these cars for cash. The spare parts industry has begun to gain popularity as people buy spares from used cars to replace them in their vehicles. This type of business has become very profitable for traders who are able to make a lot of money by using the spare parts from old cars. These parts can be used with a few modifications and repairs and look as good as new.