Verify the title. Your clunker may not have lien on it, but are you holding the title? Look through your important documents to find your title. If you cannot find it, then you’ll need to contact your state’s Department of Motor Vehicles for assistance. Likely, you’ll have to demonstrate proof of ownership and pay a fee to secure a copy of your title.
Find your car title — Before you can scrap your car, you’ll need to find your car title. No salvage yard will take your car without one that you’ll sign over to them. If your title is missing, you’ll need to contact your DMV to issue a new one. Fill out the proper forms and pay the fee.
nissan laredo are probably the last place you might think of when buying great classic cars. Still, a junkyard holds some very funky treasures. Just a reminder when shopping at junkyards: do expect to find these cars in a deplorable condition. So even if you buy them at a very low price, prepare yourself for a pretty expensive restoration. And of course, do not buy cars that are just plain trash. Leave vehicles that are degraded by rust to Mother Nature.
Small, electric water heater $160 – $180 (In one property, I bought a small one that would accommodate the no more than, count ’em, “two” people that should have been living in the rental property.) Just remember, you don’t have to buy everything “new.” They know me well at the local junk and salvage yards in my area and I saved a bundle on things like doors and windows. Some stuff will need to be new, but buy salvage as much as you can.
One outlet for used car parts is the local newspaper’s classified section. Run an ad and see what happens. Selling parts from your car isn’t going to make you a lot of money, but it beats just leaving them on the car as it’s towed to the junkyard. You can also sell your car parts by word of mouth. You never know what can happen.
The best way to get ready for the rehabbing business is to grab a cup of coffee on Saturday mornings (even before you pickup a property) and head out to the salvage yard, builders’ surplus store, junkyard and your mega home improvement store. Sniff around these places so you know what things cost. This will go a long way in helping you prepare budgets that are dead on that will have you smiling when you look at your bottomline.
3) Verify that the used part has been cleaned and checked out to make sure it works properly. If you have your part installed on-site, you can be sure that everything is in good shape before you leave the yard!