The Cash for Clunkers program does not apply to every possible old clunker. Nope. We are talking about a government act, so you know there are going to be a host of rules. Actually, they are not too bad in this case. To qualify for the program, your car must be less than 25 years old. You must have owned, registered and insured it for a minimum of one continuous year. It must be in drivable condition. It must get less than 18 miles to the gallon when city and highway mileage is combined. The new car you are buying cannot cost more than $45,000.
First of all, the reported three billion dollars of money did not fall out of the sky. Once again it is hard working, tax paying Americans, who are footing the bill. Experts say that in the long run it is not at all creating wealth or jobs. It is really just a transfer.
Therefore, you can find many cheap car deals on repo car auctions. They need to get rid of these seized cars as soon as possible to free up space for more repossessed cars. So it is not uncommon to buy cars that are still relatively new and cost only 10% to 50% of the current market price.
Fix the car before selling it. Of course, to make money with cars, you have to make it as appealing as possible to the prospective customers. You won't be selling the same old car that you bought from a government auction or from a friend's garage. Fix what you need to fix. Repaint if needed. Make it something that will get the attention of your customers. This way, you can also sell the car at a good price.
car for cash near me may take advantage of is to contact a junk car removal company that pay for towing away your damaged car, as they recycle it. This is a good opportunity too, as you will get more money than if you shred your car at a scrap yard. The exact amount of cash you will get will depend not only on its condition, but also on its weight and size.
The body of most of the old cars becomes rusted due to the carelessness of their owners. Some junk cars do not have any body at all. These things can decrease the value of you junk car. You need to dress it properly. You may apply a fresh spray on it or you can also get the door fixed, it will not take more than a few dollars.
The Cash for Clunkers program is designed to help people buy a new, fuel efficient car by trading in an old clunker that gets poor mileage. This goal is achieved by providing a rebate on the new car purchase at a dealer. The rebate is not in addition to any trade-in value for your old car, but a replacement for that trade in. The total amount is no more than $4,500.
Another important factor is age, which means the older the car is, the less is its value. Since the parts would be in better condition if the car is less than 10-15 years old, the salvage yard tends to pay more for these cars. However, there are some models that tend to have reliable parts even when the car is older. Your car does not need to have an excellent appearance for a salvage yard that offers junkyard cash for cars. What they look for is usable and salable parts. So if your body panel, engine or cabin components are still usable and fully functional, you might get a good price for your old and wrecked vehicle.
Fixing and reselling - If your car is not extremely damaged, it is likely that the automotive company buying it will try to fix it. Naturally, the value of such cars is very low. However, in some cases, old cars are entirely fixed by upgrading the parts and renewing the paint. Such cars are then shipped abroad as 'reconditioned cars'. Naturally, the process involves a lot of investment, especially if the cars being worked on are really old and worn out.