No matter what shape your vehicle is in, you can earn extra money by “scrapping” your car. There are numerous companies that will pay cash for your vehicle. Not only are people selling cars, but also their RV’s, boats, campers, and tow trailers. These vehicles are then sold to manufacturing companies who will use the metal materials for production needs. With the economy in the state that it is, people need money now. This has caused an increase in these “scrap for cash” companies.
Before you sell your car for manufacturing scrap, be sure the company you are dealing with is reliable. Find out if the company provides a free tow service. Ask the company how they determine the value of the vehicle. Some give fair market value while others determine the cash value based on the condition of the materials they desire.
In Germany, a policy offering 2,500 euros for vehicles over nine years old has boosted auto sales. This is due mostly to those scrapping their own ride for one more economical in an attempt to defeat high gas prices. This has prompted the United States to consider a similar policy. Thanks to Representative Betty Sutton of Ohio, the U.S. has a bill under consideration. This bill supports the “cash for clunkers” policy in order to stimulate the car industry. The bill states that you will receive $5,000 toward the purchase of a new American made car. The old car must be at least eight years old and the new one must meet certain fuel economy standards. A car must get at least 27 mpg and a truck or SUV must be rated at 20 mpg. If this is the reason you are initially ridding yourself of your older vehicle, this may be a secure option for you.
Selling a car for manufacturing scrap is a quick and easy way to add some extra cash in your pocket.