Cash for junk cars
Decatur Georgia summer of 2015, 10:08 AM
Phone rings:
Junk Car Buyer: Hello, Cash for junk cars
Customer: Hello, Do you buy junk cars?
JCB: Yes, this is cash for junk cars.
Cust: Well my car is not really junk.
JCB: What kind of car do you have ma'am?
Cust: A 2005 Chrysler Sebring. The only thing wrong with it, is the engine, everything else works fine.
Pause: This customer needs junk car counseling. We'll take it slow.
JCB: Well how much do you want for it ma'am?
Cust: I want the Max
JCB: About how much do you want ma'am? Just a ball park figure
Cust: I want $1500
JCB: Ok, well you said you have a bad engine right?
Cust: Yes, but everything else works, the AC, the windows, it has a brand new battery that I just bought 2 years ago, I just put a new alternator in last year. It's not junk, it could be fixed.
JCB: How do you know the engine is bad?
Cust: I had it towed to a shop and they told me it was bad
JCB: Did they tell you how much it would cost to replace the engine?
Cust: Yes, $1200 for a good engine with warranty and $600 for the labor. Thats why I wanna junk it. I don't wanna spend that much money on this car I might as well buy a new car.
JCB: How much did you pay for it?
Cust: $2800 but that was 2 years ago.
JCB: How much is it worth today if it was running good?
Cust: Probly about $2500, see you can make some money on this car.
JCB: So if I pay you $1500 and spend $1200 on the engine, and $600 on labor. Well I could get the labor done for 4-500. I spend at best $3100 and than I turn around and sell it for $2500. Thats a $600 loss.
Cust: Well it has some new parts on it. I had a water pump put on 6 months ago, the alternator is only a year old, and I paid $100 for the battery.
JCB: The only time parts are new is when their in the box. Those parts are used parts.
Cust: Well how much do you want to give me?
When people call a cash for junk cars company, many of them haven't done any calculations.
Use logic add up all the costs associated with repairing your junk car and compare that to the retail value and keep in mind the only reason the cash for junk cars company is considering buying your car is to make a profit. So you have to leave room for them to make a reasonable profit. Somewhere between 33-50 percent is expected after a hefty investment of time and money.
Click the link below for a quote
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