Ah, the old junk car, otherwise known as that eyesore in the drive way. You may have thought of selling it in the past, but you just haven’t gotten around to it yet. You may have even thought of scrapping the car out yourself for a higher profit. So, which is the best way to go? Should you sell or scrap? Today, we’ll go over the process associated with both options and the pros and cons of both in an attempt to help you make the best decision.
The Process Of Selling A Junk Car
Selling a junk car is a relatively simple process. At the end of the day, it’s not even as difficult as slapping a for sale sign on the car and waiting for a call. All you need to do is make a couple of calls, or clicks for that matter.
The truth is that there are entire businesses that revolve around this type of thing. These businesses make it their mission to find as many junk cars as possible and buy them outright, even though they don’t run. The goal for them is to sell the parts and scrap metal that comes with the car, hopefully making a profit in the process. At the end of the day, it takes 3 steps to sell a junk car…
Step #1: Find Someone To Sell It To – In order to sell your junk car, you’re going to need to find a buyer. This is simple as there are junk yards everywhere itching for a lead on a car to buy. One of the best national options is Peddle. You can go to their website for a free quote here, or call them directly at (855) 672-8243.
Step #2: Schedule The Appointment – Once the buyer has given you a reasonable quote for your junk car, it’s time to schedule a time for a pickup. Keep in mind that not everyone will arrive on time. So, make sure to give yourself an hour or so of waiting time in the schedule.
Step #3: Sign Over The Title – When the buyer arrives at your home or designated pickup location, all you’ll need to do is sign the title over. From there, you will be handed cash on the spot or a check and the junk car that has long been an eyesore is history.
The Process Of Scrapping A Car
While scrapping a junk car will lead to more money in your pocket, the old saying proves to be true, “anything worth having is worth working for.” When it comes to scrapping a car, trust me my friends, you will be working. Here’s what’s involved in scrapping your car…
Step #1: Remove Anything Of Value From The Interior – The first thing you’ll need to do is remove anything of value from the interior of the car. This includes seats, mats, speakers, radio, steering wheel, and more. If you can put a price tag on it, and it’s inside your car, take it out.
Step #2: Remove Exterior Parts Of Value – Now, start ripping the outside of the junk car apart… do it safely of course! The exterior parts of value include, but are not limited to, undamaged body panels, hood, and trunk door. You’ll also want to remove undamaged doors, headlights, tail lights, glass, bumpers, and anything else of value.
Step #3: Disassemble The Engine – Now it’s time to take the engine apart. When doing so, make sure that you are careful about the parts of the engine that still do work properly. You don’t want to damage these parts as they will likely be the vast majority of the profit that you make from scrapping your junk car yourself.
Step #4: Clean Everything! – Now that you’ve taken everything of value out of the junk car, it’s time to clean everything you have. Keep in mind that you are selling these parts. No one wants to buy dirt. A cleaner product will generally sell faster.
Step #5: Take Pictures – Next, it’s time to take pictures of all of the gold you’ve pulled out of your junk car. Try to put the parts on a nice background. I’ve spent my entire working life in the world of online marketing and sales, and if there’s one thing I’ve learned, it’s that the way you display the product is key. If you just set the product on a concrete slab, it’s not going to sell as fast as if you set the product on a well staged background.
Step #6:List Your Parts For Sale – Now that you’ve got pictures of everything you’ve taken out of your car, it’s time to list the parts you’ve cleaned and photographed for sale. This is done by signing up for various websites. First, you’ll need a way to process the payments for your sales. One of the best ways is using PayPal. You can sign up for their service here. Once you’ve got that set up, it’s time to go to online sales sites. Try to hit all of the big names, especially eBay and Craigslist. Once you’ve signed up for these websites, start posting your parts for sale. Consider reasonable prices, or even put them up for auction. However, when pricing your parts, it’s important to remember that the condition plays a big role. Used parts will not sell for the same price as new parts, so try to be reasonable.
Step #6: Ship The Parts – While it may take some time to sell the parts, orders will start to come in eventually. When they do, it’s time to ship the parts to the buyer. When shipping the products, if they are of high value, it’s a good idea to purchase insurance in case anything should happen. Also, make sure to take enough care that when the boxes are thrown in the back of a shipping truck, they are not broken. This means packaging tight and using plenty of cushion!
Step #7: Cash Out – Once your shipments are out and your clients are happy with the parts you’ve stripped from your junk car, it’s time to cash out. Withdrawal your funds from PayPal and enjoy the fruits of your labor.
Pros Of Selling And Scrapping Your Junk Car
Selling Your Junk Car Pros
Scrapping Your Junk Car Pros
|Selling a junk car is an incredibly fast process.||Scrapping will lead to a larger profit.|
|Selling leads to a quick payday.||Get the satisfaction of knowing that you did it yourself and made the most money from your car.|
|You help the environment. When selling your junk car, a lot of the scrap metal, rubber and other materials are recycled.|
Cons Of Selling And Scrapping
Selling Your Junk Car Cons
Scrapping Your Junk Car Cons
|It’s unlikely that you will get as much money as you want, the buyer needs to make a profit too.||There’s a ton of work involved in the process.|
|One upset buyer could make it nearly impossible to sell the rest of your parts with something as simple as an online review.|
|You will need space to store the parts of the junk car.|
At the end of the day, a junk car isn’t really junk. In fact, it’s cold, hard cash! How much cash all depends on how much you want to work at it. If you’re pressed for time or simply lack the expertise involved in scrapping a car, you can sell your junk car fast for a quick profit. On the other hand, if you’ve got the time, desire, and willingness to take the car apart and sell what you harvest, you could be in for a much larger payday.