Export Salvage Cars For Profit!
Salvage cars purchased from U.S. salvage auctions are selling for a premium outside the U.S. in countries where few can afford a new car.
Salvage vehicles are vehicles declared total losses by insurance companies because the repairs would cost more than 80% of the vehicles current retail value.
The high demand for salvage vehicles has helped to double the price at auctions but most still sell for less than $2000.
I don’t recommend buying and selling cars with salvage titles if you’re going to sell them within the U.S. because potential buyers usually freak out and run away with their hands in the air like little girls when you whip out the title and they see the words ”salvage title” on it, but with the weak dollar here, these same vehicles sell quite well when exported to other countries.
For example, Lithuanians want Lexus and in Poland they want Nissans, Toyotas and Subarus. Ford trucks are in high demand in Mexico and Central America, and they love four wheel drive trucks too.
Salvage vehicles are selling for as much as $3000 at salvage car auctions but even with shipping costs as much as $1000 the deal can still make sense because repair costs are much less outside the U.S.
To export salvage cars for profit could be an incredible revenue stream for you, especially if you have a trusted friend or relative in the country you want to export to, however, I don’t recommend anyone buy and sell used cars without first gaining the knowledge in how to do it. Obviously, right?
Check out this link to find out more on how to export salvage cars for profit.
Tags: export cars, salvage cars, salvage vehicles
April 28th, 2008 at 6:43 pm
Hey Steve,
Great post and I’m really enjoying your new blog about buying and selling cars for profit. I subscribed to your blog with my RSS Reader using the “Subscribe” button below and everytime you do a post I can see that you have almost instantly on my home page. Very cool!
Thanks again!
John
[Reply]
admin reply on April 28, 2008 9:30 pm:
Thanks John!
One thing I forgot to mention in my Export Salvage Cars For Profit post here above was that the Mexican government just recently instituted a law that ONLY allows used cars that are 10 years old into their country.
That means it can’t be older than 10 years old and it can’t be newer than 10 years old. Bizarre, right? Apparently the reason is to limit stinky old cars (I guess they are actually starting to think about the air pollution factor) and nothing newer is to protect the car dealerships down there because people were buying used cars at auctions here in the U.S. and then would export them to Mexico for big profits.
But guess what? If you live in the U.S. and fairly close to the Mexican border…and you have a 1989 vehicle for sale…it’ll sell for a premium because of this.
Steve
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