Notes

Can You Acquire A Car In Every 12 Months?
Now compare that to a fully restored, fully functioning '61 Jaguar XKE: a '61 XKE that has a mileage of 10,000-12,000 mi sells for a screaming $80,000-$100,000! And because you can buy an abused and ill-maintained XKE at a significantly lower price, you will be sure to profit, profit, profit.

Just think of what your car can accomplish once you are rid of it. It can become the source of endless spare parts, for people who still have functional versions of the same car. It can be used by a crane operator who really liked those Newton's cradles people used to have (where they metal balls hit each other, sending energy back and forth), as a way of relieving both boredom and stress. And it can also be used by that amazingly enterprising car buff, who will tow it home and turn it into the car of his or her dreams.



The first thing to do is to find great sources of junk cars. Like what has been mentioned earlier you can buy them from junk yards, online markets, and from friends or relatives. You can also find junk vehicles from auctions or even from your own garage. Learn about these sources to have a constant supply of junk cars when you start your business. You can post an ad that says "we buy junk vehicles" in your local newspaper or in your webpage to let people know what you need.

Subscribe to CarFax and bring your laptop or PDA with you so you can check the car's history. This is not a requisite, but it's a good idea to help you verify the impounded car's background.

buy junk cars Watch out for scams and tricks that low-end tow guys will try to pull on you. One of the tricks is that they will agree on a price with you on the phone, and then the story will change once they show up to get it. Before they rig it up, they will come and tell you that it the car is missing its catalytic converter. Then they will proceed to offer you $100 dollars less than what you agreed on. The catalytic converter is located underneath the car, and the tow guy knows that most people don't even know what that is. Even if you did know what it is, chances are that you wont get underneath the nasty car to look for yourself. Most people just would rather save the hassle, so they just agree to take the lower price. Watch out for this trick because it works!

Cars sold at an auction are sold as-is, without any warranty of any kind, except for any manufacturer warranty still in effect. It may be possible for you to shop around and buy your own warranty on the car, though.

One way to get buy junk vehicles is to do most of the work yourself and then take the car to your local junk yard and sell it to them. If you are familiar with the inner workings of automobiles, this may be the way to go. The main things you need to do is to drain all gas, oil, coolant, and other fluids from the car. Junk yards only take cars with four tires, so make sure you have removed the spare tire. Make sure that if the car is under 10 years old you have the title available to give to the junk yard. Arrange for transport to the junk yard and that is it.

Plan your marketing strategy. If you have your own website, you can write or have somebody write articles with the key phrase 'buy old vehicles'. Include sell my junk car in the key phrase. You can also distribute flyers or post your ads in your local newspaper.

It's your time to judge the best car loan quote. Look for APR (Annual Percentage Ratio). It will tell you the exact cost of loan including all the fees and charges. Also, consider the loan term. Longer the term, higher is the chance of ending up with an upside-down auto loan. Repayment terms, prepayment penalty, repossession terms, etc. should be considered in advance.
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