For those who live near a car junkyard, this can be a cornucopia of auto parts. However, this can be quite time consuming, especially in large junkyards. You may have to search through hundreds of vehicles before finding the right part. It is also dirty work so wear old clothes. The advantage is the price. You can usually get the part you need at rock bottom prices and many junkyard owners will negotiate. Be sure to check out the part carefully as you can rarely return a non-working car part.
One of the most common pitfalls that entrap a lot of people is to sell their scrap gold to a middle man. Middle men simply broker transactions between you and a refinery. They profit on the spread – the price they receive from the refinery less the price they pay you for your items. Fortunately, you can sell your scrap gold directly to a buyer that operates their own refinery. Doing so allows you to eliminate the middle man and enjoy a higher price since the buyer does not need to pay someone else to broker the deal.
Some are more organized than others and will have the parts taken off the vehicles and housed on shelves for easy location purposes. Many today have computerized systems that keep track of exactly what they have in stock and even offer the items online. This practice is the exception and definitely not the rule. Most salvage yards look exactly as they are pictured to look, jammed with vehicles, dirty and not well kept.
Twelve karat gold is fifty percent pure. It’s rarely seen these days, but may be found in old watch cases. Fourteen karat gold is fifty-eight percent pure, common in the US, and is also made in Asia for markets overseas and in Russia. Fifteen karat gold is sixty-two percent pure, and a discontinued standard from countries in the UK. Since no fifteen karat pieces have been made since the mid-1930s, this mark tells you the piece may have antique value.
Keep in mind that junkyards are similar to swap meets in that most prices are negotiable. This is especially true when you’re buying parts that are not in good condition. Ask for a discount or offer a lower price. Junkyards will often agree just to move the inventory. That being said, you can expect to pay nearly half of the cost of a new part. For example, a water pump for a BMW 740i may cost $140 new. Expect to pay $70 (in cash) at the tattoo ideas.
Others would even consider buying and selling scrap gold as a business. They would invest in buying scrap from anybody and anywhere then when they have collected enough, they would sell this at a much higher price. The income is actually good in this kind of business as long as you are expert in scrutinizing pure gold and you are experienced in business dealings.
Auto salvage yards can save you loads of money when you need a way to purchase parts for your car. This lonely yard may be in more of a demand than you are aware of. There is no great feeling as when you find out the $300 piece you priced in the auto store is only $40 in a salvage yard. Insurance companies also utilize this form of auto parts to get rid of those vehicles that have been totaled so the recycling process can begin again for cars that are in use.
There is not a certain type of vehicle that junk yards do not buy, but they tend to be most interested in automobiles whose parts are in high demand. For example, it would probably be easier to sell a 2005 Honda to a salvage yard that offers cash for cars than it would be to sell a 1985 Honda.
Since the price of gold is still on the rise, many investors are seeing the benefit of silver as an investment. If you do not have the fund to invest in pure silver and sterling silver, why not start with scrap. They are very viable and many are gaining profit from this promising venture.