If you were to compare a junk car to a cow, you would find many similarities. That’s because a car has many valuable components that make up a whole asset. And just like cows, they can be taken apart, piece by piece, and used in many applications. So if you have an old, beat-up, or broken down motorized vehicle, you have a valuable asset on your hands! Continue reading to learn all the ways you can profit from a junk car, and how to get started right now.
You can sell a junk car as a whole, but the profit potential is only moderate. That’s because junk car buyers have to spend additional time and money to take it apart in order to either reprocess it for recycling or sell it per individual part. But this doesn’t mean that it is a bad choice. In many cases, this is the best option for someone who needs to get rid of a junked vehicle. And although it’s not the most profitable option, it does pay an amount worth taking! Contact your local Cash For Cars Company to sell your junk car for cash on the spot. Be sure to choose a trusted and established company that can afford to pay you the fair amount for the value of your vehicle.
Sell Car Parts
If your junk vehicle still has several functional components, you can choose to sell each part individually. This will deliver a higher return for obvious reasons, making it a more lucrative option than direct selling. Used auto parts are bought by all types of industries, because they can be refurbished and remanufactured, and then sold as OEM auto parts. Parts like catalytic converters and motors are highly valuable and worth a pretty penny all on their own. But other parts, like taillights, headlights, windshields, windows, mufflers, radiators, transmissions, and more are also highly sought-after and valuable.
Scrap the Metal
If your junked vehicle does not have any functional auto parts worth selling, you still have the lucrative option of selling the scrap metal for cash. There are many dealers and manufacturers that will buy scrap metal, especially scrap metal recycling centers. If you sell all the individual scrap metal, you will make more money than a direct sell as a whole vehicle. Metals like steel, iron, copper wiring, and more are worth their current market values. And metal recycling centers will provide this service and pay cash on the spot for junk metal.