16.4% Apr $5,000 Car Finance.Help!
Also ask about the title for the car. The car may have a salvage or rebuildable title. This indicates that an insurance company got the car due to a claim and that the state issued a salvage title. The majority of the time, this type of car will be fixable. You'll just need to get a vehicle inspection.
selling junk cars for cash Paying for insurance on that car is just like throwing money away each and every month. What a WASTE! Getting rid of cars for scrap eliminates that payment and opens up that much more money in your budget. In fact what you get for the car as scrap could mean an insurance payment for your good car, as well as the fact that you get to drop that old car off of the insurance plan altogether. Bonus!
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Find out what financial records they have. This will eliminate 75% of the businesses. The records are false because of cash sales and/or cash payroll. A lot of auto repair shops pay their mechanics a base salary on the books and the balance in cash. This is crazy and illegal. They have cash sales, which are illegal, and not reported and then they give this money to the employees illegally. Have fun figuring out the profit on these businesses. Some businesses do not want to give you any financials. They do not even want to lie to you about the numbers; they just do not give them to you. You need financials even to just see what the operating expenses are.
Your forth option is to donate your car to charity. Instead of cash, you will get a very nice tax deduction. Most charities will accept a vehicle that does not run or has major problems. They will also pickup your car donation for free. The charity will sell your car for the most money possible, whether that is to a used car dealer or a scrap yard. Since charities can provide both places a higher volume of vehicles, they receive a higher price for a car than a private person can. That money is used by the charity to support with their cause.
Initially, you have to call the rescue car companies in your locality. Inquire about the rates they pay for junk cars. Upon contact with these companies, ask about their requirements for a scrap car. Many companies have a requirement to get the wheels removed. Many times gas tanks are also required to be removed as well. Some accept them without removing the wheels; however, the valuation price will be lower.
2) If you do not have a salvage yard near you, or if you do not want to travel out to one, will the business ship the part to you? Be sure to compare the price of the used part + shipping to the price of a new part to make sure you're making the best decision!
Work out deals with your local scrap yards in advance. The spot price for metal is generally the best price you can get with a large homogenous quantity of some metal. You'll likely be bringing in many different types of metals and the quantities may be limited to what you find or what you can haul. Work out a deal where the yard gives you a good price in exchange for consistent influx of scrap metal.
What makes them work is the fact that these junk yards possess auto parts that may not be found in local auto parts stores. This is because there are certain vehicles that are made in other countries that require their parts to be ordered. There are also some cars that are so old the parts cannot be found just anywhere. That is another instance in which the part may need to be ordered from the manufacturer. Unfortunately, that can be extremely expensive.
The letter "R" stands for Revelation. As you read this today, get a Revelation! It's your responsibility...no one else's. It doesn't matter who you are, where you came from, how much money you have...get a Revelation. YOU can and will create Miracles!