Be Patient…Things Are Not Always Scrap.
Posted: December 30, 2014
Many times you will be out and see something and think to yourself, wow this ____ (fill in the blank) looks really nice. Whether an old air conditioner, lawn mower, TV, computer, or piece of machinery, you never know what the value to something is until you test the market. Some things may seem like a quick scrap metal score but some items and things are not always scrap and should be considered for other options.
Think about what the item is and go from there. Let’s take a big screen TV for example. With so many inexpensive flatscreens being sold it might not be worth your time to try to pick up an old clunky TV that may prove to be more headaches then it is worth.
Second Scenario –
Let’s say that the TV that you find is a 32 inch flatscreen that is less then 5 years old. You take it home, plug it in, and BAM! It works great, so now what do you do? Maybe you have a TV already, but you know that this TV is worth $10 to scrap out the parts…maybe you list it on Craigslist for $100 and you sell it to someone for $80 after a little haggling. That’s an extra $70 that you just scored.
Third Scenario –
What if you run across something that you have no idea what it is or what it does…you ask around and no one else knows either. Maybe you found something that is unique and is only used in a handful of industries and is very desirable to the right person. One of the great things about the internet is that you can get a make and model number and you will be able to search the internet for whatever you have and find out more details about it (including price ranges!).
That’s where tools like eBay come in handy (yes…we consider eBay a tool just like a pair of pliers, if you know how to use it well you can make money with it.) and you will be able to list it for a fair price….and then put it up for auction and let the world of eBay users see what you have.
Fourth Scenario –
So you found an old car and you are pumped up to scrap it! Maybe you were able to buy it for $250 from someone and you can scrap it for $350…but is the quick $100 worth it? Sometimes it is when you use the “Eye Test.” The eye test will always tell you if something is worth looking into or not and can start your decision making process. Old and rusted out? Scrap it….No rust and the interior looks good…now you have something to work with.
We all have a friend or family member (if not yourself) that works on cars and might be able to give you a little insight on the condition of the car that you bought. Maybe the cars turns on but it has 150k miles and the transmission is slipping badly, then you might be pouring more money into it then it is worth…so SCRAP TIME. But what if they hear no clunking, the engine runs smooth, and you have very little wear and tear on the interior, now you can try to list it for resale.
Craigslist is a great place to start because it will be free to list your car and you don’t have to worry about heavy listing fees from eBay or other online car selling sites. Maybe it takes two or three weeks, but that car sells for $950 and you make $700 on that car! Believe it or not it happens more often then you think, let us know what happens to you.
Until next time, happy trails scrappers, let us know how you make out.