How to Make Money By Selling Used Cars?
Some people scrap used cars on their own to get a return on the money they spent on the vehicles. The process can be very time-consuming and tedious yet rewarding if you have space and tools to do such a job.
However, for most of us, we do not have space or time to spend on DIY car scrapping in Toronto and the GTA. Not to mention, the tools needed to recycle used vehicles can be rather expensive, require maintenance, and may require training to learn how to operate and use correctly.
A much better solution you can use to make money selling used cars is to rely on a professional auto recycling company in Toronto, like us at Auto Scrappers. Not only is it faster, but it also costs less to get started selling used cars for scrap since you do not need any additional space, special tools, or skills.
Step 1: Learn how to value old cars.
Before you buy used cars, you need to know how much they cost. You need to account for the year, make, model, and condition. For instance, you may notice your neighbour has an old car sitting in their driveway.
After making an inquiry with your neighbour, you discover the car no longer runs and has all sorts of mechanical problems. Yet, your neighbour doesn’t know what to do to get rid of the car. Once you have the make, model, and year of the vehicle, you can get a purchase quote from our auto recycling company.
Using this quote, you then can make an offer to buy the car from your neighbour, then turn around and sell it to us to earn a profit.
Step 2: Make sure the car titles are clear and free.
You cannot buy and sell used cars to an auto recycling company if the title is not clear and free. Going back to our example, your neighbour would need to sign the car title over to you so you could put it in your name. Then once it is, you would sign it over to us. There could not be any outstanding liens on the title and the title must be in the seller’s name.
Step 3: Prepare the car for pickup.
Make sure to go through the vehicle and clean out any personal belongings you want to keep. When the tow truck driver arrives, provide them with the keys and the clear and free title that is in your name. In return, you are given cash on the spot and the vehicle is hauled away for recycling.
As you can see, there are only three simple steps for selling used cars to our auto recycling company in Toronto. If you are ready to start putting cash in your pocket, contact Auto Scrappers now! We are also available in North York & Mississauga.
We offer cash for scrap and unwanted vehicles, always pay in cash, and never charge any hidden fees. Find out how much your used car is worth by completing our online quote request form or calling us at (647) 766-2292 today!