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So what happens next, the dealer tries to salvage the deal by pursuing sub-prime loans. The process gets very intrusive into your personal life. Allow me to digress a little, there's a new gadget that prevents you from starting your car if you don't make your payment. What type of credit do you believe these individuals may have? Ok, getting back to the auto purchase scenario. When you start getting the rejections from the different banks and the multiple requests by the dealer for you to borrow money from family members for a down payment (now why would you even be there if you could do that?) and they can make the deal work. If this situation describes your experience, you're likely in need of extreme credit repair.
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Look around you when you are on the road. There are millions of cars, buses, motorcycles, boats and not to mention sports vehicles. They all require or will require some maintenance or parts down the road. It is just a matter of time. In fact according to the U.S. Department of Transportation Statistical Records there were 241 million registered vehicles in 2007 in U.S. alone, and this does not include the vehicles in stores, el paso junk yards , auto auctions, and countless other places. Now, multiply this many vehicles by the number of parts an average vehicle has, and you get into trillions.
Once you have chosen a yard interested in the used auto parts in your car, go through your car and remove everything. The owner's manual, title, and keys are all that the auto salvage yard wants or needs for the car. Once you turn the car over to them, they are not going to let you go back through it for the personal items you forgot.
wreckign yards 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.
This is not an unusual example, it happens frequently. This is a trap as the insurance company will tell you when your car is NOT totaled it's worth much less than book value but now that it IS totaled it's worth a lot of money. This way, they can subtract their high salvage value and leave you with very little money left over.
There is not a certain type of vehicle that junk yards do not buy, but they tend to be most interested in automobiles whose parts are in high demand. For example, it would probably be easier to sell a 2005 Honda to a salvage yard that offers cash for cars than it would be to sell a 1985 Honda.
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