How To Save Money When Buying Auto Parts
Written by on May 3, 2023
What you “feel” will cause you to create scenarios in your mind. If you feel poorly toward a person do you really believe it does not affect your entire life?
But, while it’s great to feel good about helping the environment, it’s even better to feel good about having a couple of quid to spend on something you’ve had your eye on.
The World Wide Web is a great resource whenever you’re just shopping around looking for auto parts. It can allow for valuable information as well as pricing guidelines on almost every auto part ever made. There will obviously be some very hard to find parts that the internet will not be able to help you with, but for most common parts it is an invaluable resource.
Then you need to get your financing options determined. You can get yourself pre-qualified for a business loan or an SBA loan if the business you are buying is required by you to show a profit on the books. SBA loans are only available to businesses that have shown a 5-year profit on their tax returns. If you are looking at businesses that are heavily unrecorded income, you must have cash or seller financing.
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 scrap yard. Ask questions, and be curious! scrap yard crew are the best people to ask, and should be more than willing to help.
I would like to suggest, for the less experienced buyer to hire as a consultant the sharpest attorney or business broker you can find and pay him for his time to watch your rear end, in negotiations and in reviewing the companies you are considering buying. In real estate we call this a buyers agent, except with businesses the listing agent will not always co-operate in splitting the commission. This means you need to be willing to pay your agent an hourly fee for helping you. Let me give you a real example.
Believe it or not, you might be able to sell your used tires. If they are in usable shape, but simply need a patch, a junkyard might be willing to buy them from you in order to repair and then resell them. In fact, you can actually make quite a bit of money selling used tires to the right junkyard if you shop around to find one that will pay a decent price. Some people have used this to bring in a secondary income for their families, placing ads in the local papers collecting other people’s used tires for free, and then reselling them to a local 4×4 4l60e transmission.
Contacting an auto recycling company is typically more convenient and preferred more than doing it yourself. Even recycle guys who scraps cars often times get cash for junk cars from one of these services.