If you’re one of those handy people who can do your own tune-ups, change your own oil and handle minor repairs, congratulations. You have the skills to save thousands of dollars over the life of your car. But you also know that you can spend hundreds on car parts with a single trip to the auto supply house. And if you need an item that’s classified as a dealer-only part, you could easily be looking at thousands of dollars for the replacement.
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Advertise your car. If you’re not satisfied with the offers from the salvage yards, you may be able to make more money by selling it directly. You can advertise on Craigslist or some other website, giving details about your car. Include photos and be honest about the car’s condition. Put down an asking prices such as $500 or OBO for “or best offer” and wait for people to contact you. One man’s junk is another man’s treasure — you could be holding a classic that would be worth a mint once it has been restored.
Contacting an auto recycling company is typically more convenient and preferred more than doing it yourself. Even recycle guys who scraps cars often times get cash for junk cars from one of these services.
Here’s why. The price that you see on TV is for pure gold in a marketable form on the open market. A marketable form of gold would be gold coins, ingots or bars etc. scrap gold that the average person, like us, wants to sell simply will not be in this form.
If you run into someone who wants to negotiate a price for removal or who wants a cut of your scrap profits you will need to know the quantity of metal beforehand. You’ll need to know the weight of the metal if you plan on purchasing scrap and reselling. A scale can help you with most items however you should already have an idea of what certain commodity items ie. Radiators, engine blocks, rail ties, refrigerators etc. will fetch at your local yard.
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However, some people don’t want to deal with the hassle. There’s a lot more to the car salvage process than most realize. If you decide to tow it in yourself somehow, there’s a few things you should know. You must drain all fluids from the vehicle, and in some case the tires are not accepted at the salvage yard.
First off, if you have a wholesaler’s license, and have an active account with merchants who do sell gold, silver and gold filled metal, wire and findings, then they usually have a way for their customers to send them their scrap for either a credit for future metal buys, or will give you a check, which will usually be for less than the credit you would receive if you took the credit.