How to make money hauling junk cars

I started wondering why anyone would want to do this and I soon discovered that it can be a way to make some extra money. These people have to find a way to dispose of these old clunkers. If you want to buy junk cars, your first hurdle is to know what price you should offer.

Car valuation sites like Kelley Blue Book can help put a price on the car. Does it have all the parts? What parts are left for you to sell? Is it a classic?

Sell Junk Cars: Strange Ways to Make Money | Personal Finance Advice

Can it be repaired and, if so, for how much? These are all questions that will help you determine how much to offer.

How to Junk a Car | 5 Simple Things to Do Before Junking a Salvage Car

Once you have the car, you have several options for converting it to cash. If you have the skills and the car is repairable, you can fix it yourself and sell it as a functioning car.

This is the method that will make you the most money, particularly if you can do all of the work yourself. If the car is a classic and you can fully restore it, you can command a much higher price.

If the car is hopeless, you have a couple of choices. You can strip the parts and sell them individually to a junkyard or several or to a dealer who refurbishes old parts and then resells them.

Or, you can sell the whole car to a junkyard who will then sell the parts and pieces to buyers who need to fix up their own cars. Whatever you choose to do with the car, you need to have your own towing capability to preserve your profit.

You need your own truck and trailer if you hope to make any money doing this. You also need to make certain that you get the title to the car from the original owner.

Many junkyards and recyclers will not take a car unless you can produce a title in your own name. This prevents them from getting caught up in a theft ring that is stealing and selling cars. I was surprised that there is a decent amount of money to be made in selling junk cars. Even if you only haul away a couple of cars per year you can still turn them into some extra spending money.

For many, contacting a junk car removal service is the best car disposal solution.

Cash For Junk Cars Missing Title or Registration

Not only is it fast and hassle free this way, but they buy junk cars and pay top dollar for them. Even car scrap yards will not pay as much. Thanks for sharing this. There are people who absolutely depend on these junk car companies for getting the components.

They are used in evolving the vehicle forms which are of same kind. There are vehicles that will be having the longest time-span and they are couple of vehicles that will be needing repair and upkeep matters on an every normal day.

I own a junk car service and those nation wide junk car business use my local service to pick up cars they get so deal with a local company you should make more money just do your homework. Scrap car recycling is a great way to deal with your junk car, if you leave your junk car to rust it is hazardous to the environment, so why not saving your environment and earn quick cash from it. First of all this is a bad advice!!! You need to do some h.

I thought i would just share this. Joe, you have it backwards.

Your email address will not be published. Notify me of followup comments via e-mail. Strange Ways to Make Money Posted on March 29, by Jennifer Derrick. This entry was posted in Cars , Making Money , Personal Finance and tagged car parts , clunkers , junk cars , junkyard , Making Money , recycler , salvage cars.

Strange Ways to Make Money tuhin says: June 10, at 7: May 21, at 4: Junk car mafia says: November 8, at 8: January 30, at 6: March 30, at May 29, at 8: Wanted to sell my old SUV from college since my daughter refused to use it. January 7, at 3: Leave a Reply Cancel reply Your email address will not be published. Proudly powered by WordPress.