Cleaning Up Your Lot And Acquiring Cash For Your Efforts
If you have acquired impounds that the original owners did not satisfy their bills for or if you tend to upgrade vehicles every few years, your auto shop's property may be beginning to look more like a junkyard than a place of business that caters to people in need of vehicle repairs. You may be able to recoup some of the money that you have lost since becoming a business owner by selling some of the vehicles for cash.
Decide What Is Worthy Of Keeping Or Reselling
There are many business owners who advertise that they will pay cash for junk cars, and you may ultimately decide to sell some of the vehicles in this manner. Look over your inventory, including the vehicles that you have purchased for your personal use.
Your business vehicles, such as tow trucks or flatbeds, and your passenger vehicles that are intended for family use will likely be the ones that you are emotionally and financially invested in, but if you have an old clunker that you have been saving as a 'rainy day' restoration project or if you have acquired some impounded vehicles that are in bad shape, both mechanically and aesthetically, these are the vehicles that you may want to sell in order to obtain extra cash and free up valuable space on your commercial lot.
Attempt to sell the cars locally, through private buyers. Allot a specific amount of time in which to part with the vehicles, and vow to junk the cars if you are unable to sell them within the chosen time frame.
Sell The Vehicles To A Salvage Yard Owner
Contact a salvage yard owner to determine if they are interested in buying the vehicles that you have chosen to part with. Obtain the titles for the vehicles and make arrangements to transport the vehicles.
If your business vehicles are not going to be available for the amount of time that it will take you to transport the vehicles to a salvage yard or if you do not want to be burdened with the task of transporting the vehicles, request that someone come to your location to pick up the vehicles. You are not going to make a bundle of cash for each vehicle, but you will definitely be acquiring some funding that will benefit you much more than holding onto the cars that would have likely remained immobile.
To learn more, contact a resource that offers money for junk cars.