How To Create Money Quickly
The "Cash For Clunkers" program is no different. This program, to me, was a loser for all concerned from the start. I will give a few reasons that I feel it was a loser.
Services aren't limited to selling lose metal. Rigging and demolition are involved in scrapping metal. When you're done with rigging projects, might as well have extra machinery scraped and moved by the same company. This omits needing the rigging company longer than you have to. Demolitions are messy projects and require knowledge about the equipment being used. If you're unsure on the process of demolition, it can cost extra. Consultations before hand is best, unless of course you understand what you're doing.
Sooner or later everyone who has a car faces the situation when the vehicle doesn't work anymore. There are a few options for the junk car owner: he could invest money in its repairing, which usually costs more than the car itself, he could haul it away by paying to a tow truck or to choose the option to get money for this car by turning to a salvage yard. Receiving cash for junk cars from a salvage yard is probably the best option in this situation, as you will be paid for your old and useless automobile and the salvage yard will tow it away without any charge. They do that as they can sell many of the car parts, which are still working.
Junk car removal companies want your car for a variety of reasons. Usually it's for spare parts or scrap metal. They gut out the car to the bare bones and resell the parts as spares. Used parts are preferred by enthusiasts and motorists because they are a lot cheaper. Once all valuable parts have been removed from the vehicle, the shell of the car is shredded and sold as scrap metal.
Many services will offer to remove your car for free. This is often the case when the car itself is in terrible shape. The removal service agrees to take it away in exchange for the title. They pay for hauling the car because they intend to sell it or its parts.
The metal scrap industry is full of all types of metals, of all types of grades, and every type of "flavour". It is your job as a scrap metal "artist" to know the difference between red brass and yellow brass... (hint hint It's the color!) but also much more subtle things like the difference between 304 and 316 stainless steel. You will learn very quickly by taking things to a cheap car parts near me. Ask questions, and be curious! Scrap yard crew are the best people to ask, and should be more than willing to help.
Cash income -- The problem with cash income, besides being illegal is it is unconfirmed. Jack bought a body shop doing $60,000 sales on the books. The seller showed Jack records that proved to Jack, an experienced body shop owner that the business was really doing $125,00 month in sales. After escrow closed Jack was given the production records for the last 5 years by the general manager that stayed with the company. The business was doing $60,000. Exactly what was on the books! There was no cash. The seller reported every dime. I hate to say it but if someone were willing to lie to the government and their business broker, why would they tell you the truth?
If he is going to charge you for the pick up he is getting paid twice for the one job. Nice for the towing business but not practical for the scrap car owner.
In fact, I recently went to someone's house where the wife finally "laid down the law" for her husband who had been tinkering around with two ATM money vaults that a friend dropped off some time ago. These things weren't light; they weighed in at a HEFTY 980 POUNDS EACH! When I showed up they were dusty and had been what I refer to as, "garage ornaments" for a couple of years already, the husband admitted to me on the phone, when we spoke.
Scrap gold refers to a gold material that that requires some time and energy to recover. Scarp gold can also be found in some parts of electronics such as computer mother boards, old cell phones, scrap electronic boards. In addition, high grade scrap can be found in gold plated integrated circuits, gold plated connectors, gold plated fingers, pins, connectors, and others.