- Buying & Selling New & Used Cars
Cash For Junk Cars: Who Really Profits From The Sale Of Your Junked Car?
Getting Rid Of Your Junk Car
As I drive around town I see signs offering "Top Dollar" for your junk car, running or not running. I have also seen numerous hubs on HubPages encouraging people that selling their junk cars is a good thing for them, especially if the vehicle is purchased by a certain buyer. The usual amount a seller can receive for a junk car is around $325 to $395 for a car that does not run. A running car can be worth an additional $150 to $300 more depending on how well the car runs. If a seller needs fast cash or has to get rid of the vehicle fast, then taking a low price for your junk car through a scrap dealer is a good deal. Junk vehicle buyers make their profit reselling running vehicles and stripping vehicles down for individual parts. A buyer will tell you that your vehicle is only worth a few hundred dollars to them, but in reality, a single car can generate several hundred to several thousand dollars in parts. Some people sell a junk car without knowing what they are selling. A junk vehicle buyer will willingly pay an ignorant seller a few hundred dollars for a junker that is worth over twenty thousand dollars.
There is a huge profit in purchasing a junk car, especially one that runs and has a body that is in good shape. The less rust and damage, the higher the profit. For example, a running car can be resold after a few minor repairs are made at a profit of up to five times the purchase price. Purchasing several of the same type of cars can generate a single usable car that can be resold in addition to the profit that can be made from left over parts of the other vehicles that were used to compile a single sell-able vehicle.
Used automobile parts is a booming business, a single junk car can generate hundreds of usable parts, the older and rarer the car, the higher the profit. A single undamaged Honda Civic can generate thousands of dollars in parts. A single undamaged door with functional handles and electric controls can make several hundred dollars. The door, the glass, the window control assembly, door panel, handles, speakers, mirrors, mirror controls, and trim from a single door can cover the cost of purchasing the car for a junk car buyer.
With today's economy, many people are purchasing older cars and keeping older cars longer, choosing to fix what they have instead of buying a new or used car. Keeping and maintaining an older car can be cheaper as long as there is nothing major wrong with an older vehicle. Do it yourself repairs are cheaper that having to pay for both parts and service at a dealership or at a repair garage.
If you have a junk car you want to get rid of, before you call that junk car buyer, check your vehicle out. Try to sell it on your own as a parts car, listing all of the usable parts. If you are mechanically inclined, you can strip parts off of the vehicle your self and put the usable parts for sale in the paper or on online websites such as E-bay or Craigslist. You can make a better profit for your junk vehicle than you would selling the entire car to a junk car buyer.