Cars are among the most recycled products today, making car recycling a highly profitable business. However, this also benefits car owners in a big way; you can get in touch with a cash-for-car removal service to get rid of your old or junk vehicle, plus you get some cash in the process. (1)
What is cash for car removal services?
Cash for car removal services are companies that buy junk vehicles from individuals or dealerships at low prices. The purchased cars are stripped of their components and sold to scrapping yards and recyclers, who are eager to buy the items as it spares them the hassle of dismantling the car. These businesses profit mainly because they can make more money selling a car’s individual components than what they spent buying your vehicle.
Why use cash for car removal services?
According to the Automotive Recyclers Association, approximately 12 million vehicles are recycled per year, making this industry one of the largest nowadays. If you’re looking for fast ways to earn extra cash, you might just want to be one of those who benefit financially from this. (2)
Aside from getting some money, you also get to help by leaving a positive impact on the environment. Instead of letting your car deteriorate and turn to scrap material, having your car dismantled by a cash-for-car removal company gives the remaining functional components a new lease on life instead of potentially ending up in a landfill.
How much do they pay?
The average scrap collector makes $100-$200 for used metals. If you decide to get rid of your old vehicle through a cash-for-car removal service, you will likely be offered between $500-$1000. However, some people get as much as $1500 for their cars. (3)
If you want to make more from cash for car removal, here are tips that will help you do so:
1. Do your research
If you decide to use a junk car removal service, you should always perform a little bit of research beforehand. This way, you can come up with an informed decision and avoid spending extra money on unnecessary expenses.
There are plenty of cash-for-car removal companies available today. Unfortunately, some of them are fraudulent. Before hiring a company, always verify if they are a legitimate business. Ask for references or contact local law enforcement agencies to learn whether there have been any complaints against the company so you can avoid getting scammed.
When looking for a cash-for-car removal service, you’d want to look for one that already has a good reputation. If possible, ask some friends and family members if they have any recommendations. You should also check online reviews and customer feedback to see how customers feel about the company.
2. Find out how much they pay
Once you know which businesses you want to work with, call them up and ask how much they pay for each part. Before choosing a particular company, consider offering your car to multiple companies. Some companies might not be willing to tell you upfront, but others will happily share their pricing information.
After knowing how much each company pays, compare the prices. You might find a better deal somewhere else. Make sure to note down all the details you found before comparing prices.
3. Be detailed when describing your car
The price of your car depends on many factors, such as its condition, mileage, brand name, model year, etc.
- Condition: A well-maintained vehicle will fetch a higher price than a damaged one.
- Mileage: If you drive your vehicle less than 10 miles per day, you could receive more because it has suffered less wear and tear.
- Brand name: High-end brands tend to command a higher price than lower-priced ones.
- Model year: Cars produced before 1980 are generally worth less than those made after 2000.
4. Ask for complimentary services
When you hire a cash-for-car removal company, they may provide you with additional services at no cost. For example, they might offer free towing services or storage. These services can help you save time and money. So, ask the company what other services they offer and if they include them in their quote.
5. Choose the company with the best offer
After comparing all the offers from several companies, choose the one that gives you the most value. The best option will always be the buyer who pays you the highest amount for your car without charging you many fees. Remember, you only need to find a reputable company, so you shouldn’t worry about paying extra for quality service.
6. Negotiate and don’t give in too easily
When negotiating with a cash-for-junk-vehicle removal company, you should expect to come across a few obstacles. They might try to lower their offer by offering less money than they originally offered. They might also try to charge you a fee for storing your vehicle.
Even though you may think that a particular company is giving you a great deal, don’t let them talk you into accepting their offer right away. Instead, keep asking questions until you reach a satisfactory agreement.
Finally, they might try to convince you to sign a contract that makes it difficult to leave the company. However, if you manage to get through these hurdles, you could make more money than you thought possible.
A friendly reminder
Remember not to sign a contract without reading it carefully. After signing the agreement, you should read it again to ensure you understand what you agreed to.
Write down the transaction details as soon as you accept a cash-for-cars removal company’s offer. You should include the date, the location where the sale took place, the exact amount paid, and any other relevant information. You can use this information to prove that you were paid fairly for your vehicle.
Final thoughts
Cash for cars is a perfect source for an extra buck when you need it instantly. If you’re planning to use cash for car removal services, follow these tips to make the most out of your old car.
References:
- “20 Auto Recycling Facts and Figures,” Source: https://www.thebalancesmb.com/auto-recycling-facts-and-figures-2877933
- “GET TO KNOW 21ST CENTURY AUTOMOTIVE RECYCLING,” SOURCE: HTTPS://WWW.A-R-A.ORG/WHY-USE-RECYCLED-PARTS.HTML
- “Turning Junk Into Gold: How To Make Money Scrapping Metal,” Source: https://www.artofmanliness.com/career-wealth/wealth/turning-junk-into-gold-how-to-make-money-scrapping-metal/
