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Showing posts from February, 2022

What do car wreckers do?

Intro The sale of old cars. It’s an industry that is well established in New Zealand. Car wreckers, or scrap buyers, buy old cars and pay cash for them. This can be done through cash, or a written agreement where they purchase the car and pay you cash. Some companies may also offer finance to get the car off their books. The main issue with car wreckers is that they often choose vehicles that have been badly damaged on purpose for unsuspecting buyers to come across them and make a purchase on a whim without any prior knowledge of the vehicle’s condition. As a result, many people end up paying high prices for vehicles that may not be worth much to begin with, such as used cars from salvage yards and junkyards. One of the things people don’t realize is that some car wreckers buy vehicles based on how much money they want to make over the life of the vehicle by selling it in pieces while others just buy one whole car rather than buying multiple ones. In practice, this means there are many