Monday, March 16, 2015
Scrap for Cash: When Making Money out of Decrepit Cars Makes Sense
Any motor vehicle, like any other machine, eventually reaches the end of its service life—and upgrades could not make that much difference anymore. The only option left for the old vehicle may be to finally consign it to the scrap yard, but as Stuart Masson, in his website The Car Expert, says, there are ways to sell scrap and make money from it. Although prices for scrap metals have declined, the demand for them has not abated at all for use in various industries, including the manufacture of newer and more efficient vehicles. The demand for second-hand parts even fuelled a wave of auto thefts targeting popular vehicles in certain low-income areas, according to the National Motor Vehicle Theft Reduction Council. If you have an old car that’s long been taken off the road, you can still make money off it by contacting companies, such as Global Resources, that buy scrap for cash.