What Makes Cars Corrosion?
Cut off the Catalytic Converter... Until recent years, this was one of the greatest secrets of the most profitable things to do, after you buy wrecked cars for sale. The catalytic converter contains platinum and other expensive metals that recycling centers love to get their hands on. Leaving the catalytic converter on the car is a huge mistake, because the average factory original catalytic converter is worth between $50.00 and $100.00, some of them even more!
In my mid-twenties I worked with a guy who started buying and selling used cars on the side. We got to be pretty good friends. His name was Kelly, and we both worked for a company that wholesale-distributed auto accessories. There were one or two other guys in the company that were doing the same thing. But nobody did it as well as Kelly, he got the whole process down to a science. It was very rare when he held on to a car longer than two weeks, and most were sold the very first weekend he had them for sale.
Driving your next car at a very low price and in just a few clicks is a true magical experience. However, don't get yourself hypnotized by what you see and buy the car you are interested in without taking the following facts for consideration.
You can also be confident that the used auto parts you purchase will also fit perfectly on your car first time and every time. Spurious parts are known to have issues with fitment as they are only replicas of the original parts and everybody knows a copy is never as good as the original. So the question is why compromise?
All three of the above types can then be on-road or off-road. On-road cars will be built for racing only and the tyres will be racing tyres and the engines will be finely tuned to reach top speed quickly and maintain it for the duration of the race. On the other hand, off-road RC cars are built for travelling up and down hill over all kinds of natural objects, so the engine has to have more torque and the tyres have to be able to maintain a good grip. These cars are usually slower.
If you do not know how to remove the parts yourself, then you can employ the help of someone who does. You may have to pay that individual, but you can still make money with the whats my car worth parts of your car. Don't just simply sell it for a few hundred dollars. You can certainly get a lot more out of it if you sell it piece by piece. Then again, if you don't have the time to sell the parts, then it might be in your best interest to take it to a salvage yard and allow them to buy it off of you. They will rebuild the car and sell it as a whole under a salvage title in order to make a profit after buying it off of you and replacing the parts of it that were defective or damaged.
Another aspect is LTV. The Loan to Value ratio is a depiction of how much you owe vs. your car's current value. Lenders understand that being a depreciating asset, a car's LTV will be higher than 100%. But a very old car will have an exponentially high LTV value. This means there are higher chances of an up-side down loan. So, lenders stay away from cars older than 7 years.
The kelly blue book and Edmunds tell how much every car on the road is selling for today. cartoon junkyard and Web sites are well organized and easy to use. You start with the make of car you're interested in (for example, GMC, Toyota, Jaguar or whatever). You choose the kind of Ford or Honda next (Honda Accord, Ford Focus, etc.). Then you select whether it's an XL, L, S or whatever, the condition, year and several other details like that.
Off-lease cars, off-rental cars, company cars, fleet cars, repossessed cars, trade in cars and salvage cars find their way in to auctions. The main purpose of auctions is to make a quick sale of the cars at a price to dealers who can further sell it off for a decent profit in the retail market. You always get something flip worthy at an auction.
Almost all upcoming electric cars are going to offer a range of 160 km or even lesser than that. But how many of us drive over that range in a single? The range anxiety is more a psychological problem than a physical one. Most of the cars would be charged only at home. However, once there are charging stations on the roads, experts believe, the range anxiety will get over too.