Looking With The Salvage Car Company
Mistake Number Four. Not Listening To the Auctioneer. An auctioneer is required by law to tell you what is wrong with the item up for sale. You must listen. During your research you will find out the acceptable title requirements for your state. Your auctioneer will state whether the bike has a salvage title, clear title, or no title. He will tell you whether or not he has a key. (Handy if you want to actually start the bike.) He will impart all of the information you need to know, but do it so quickly that if you are not paying attention and taking notes, you may end up paying for a very large doorstop.
Most salvage companies have "hot lines" that connect them with other companies. These are used to transfer information, such as requests for specific car parts. That means that you don't have to hop from salvage yard to salvage yard in search of your car parts. You can simply check out a single salvage yard. If they don't have what you're looking for, they're likely to find it from another dealer via the hot line.
Second, when you are shopping at a salvage auto auction you can literally cut the price of what you would pay at a dealer in half. This is because the dealer would have bought the vehicle and marked it up to twice what was paid for the vehicle. This gives them some negotiating room so that they can still make a profit if you get them to drop the price by 25%. You can avoid all this and just go to the salvage auto auction yourself.
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. vw auto parts 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 junkyard.
Use a digital scale: Selling gold scrap does not require any special knowledge. However, you should know how to use a digital weighing scale. You can buy your own scale, since it costs only a few dollars.
Internet: You may even search for replacement parts on the Internet. Many web sites offer old and new auto parts. You may browse through a variety of auto parts to find the right replacement part. You need to be cautious, while placing bulk order for auto parts, since you are not aware of the dealer's market status. Chances are the online dealer may deceive you. Also, check whether the parts serve you a warranty or not.
