Junk Car Buyer Academy USA

Getting started

Session #1

Introduction

Welcome to Junk Car Buyer Academy USA! In this course, you will learn how to build your own lucrative automobile recycling business. If you follow the sessions in this course, you will be on your way to making your income and becoming an entrepreneur.

In Lesson 1, you will learn how the business works and how to set up your own company. Let’s get started!

 

Junk Car Buyer Academy USA

In This Session You Will Learn the Following

Where Do You Start?

Starting your Automobile Recycling (Junk Car Buying) business can be very exciting! Start-up costs can vary anywhere from $300 to $15,000. Total costs will depend on what you have available and what your budget will allow. Below are three options that you can choose when getting started from least to most expensive:

Junk Car Buyer Academy USA
Automobile Recycler (Junk Car Buyer) (see Glossary)
Junk Car Buyer Academy USA
Pickup truck or large SUV w/ Trailer
Junk Car Buyer Academy USA
Tow Truck

Junk Car Buyer Option

  1. This option is excellent if you:
    • Do not have the start-up cost to buy a truck and trailer
    • Do not have the resources or ability to move the automobiles yourself
  2. As the buyer, you do the following:
    • Place Ads
    • Take the calls and broker the deals
    • Arrange to pick up time, meet client, close the deal

*Building a relationship with a dependable tow truck company will help you in this business. They can take your cars to the destination of your choice reliably and affordably.

Pickup Truck With Trailer Option

  1. This option is great if you:
    • have the resources and ability to move the vehicles on your own
    • financially able to purchase a truck, trailer, and tow package
    • want to maximize the profits of each deal
  2. Brands we recommend: Ford, Chevrolet, and Dodge are the most common.
  3. Having a truck and trailer allows you to:
    • place Ads, take the calls, and broker the deals
    • load the vehicle and transport to the company of your choice
    • complete customer transactions the day of sale
Junk Car Buyer Academy USA
Junk Car Buyer Academy USA
Junk Car Buyer Academy USA
Junk Car Buyer Academy USA

Pickup Truck or Suv

Ideal Pickup Truck Guidelines:

  • Pickup trucks or SUVs with a tow package will work.
  • A truck with a V8 engine will provide more horsepower and increase your truck or SUV’s longevity.
  • You can find used trucks for sale on Facebook marketplace, online flea markets (ex. eBay Motors), or automobile dealerships.
  • If you are looking to purchase a truck, we suggest you find an older used truck or SUV. $1,500 – $5,000 is a reasonable price range depending on the year, mileage, and overall vehicle condition.

Junk Car Buyer Option

  1. This option is excellent if you:
    • Do not have the start-up cost to buy a truck and trailer
    • Do not have the resources or ability to move the automobiles yourself
  2. As the buyer, you do the following:
    • Place Ads
    • Take the calls and broker the deals
    • Arrange to pick up time, meet client, close the deal

*Building a relationship with a dependable tow truck company will help you in this business. They can take your cars to the destination of your choice reliably and affordably.

Everything You Need to Know
About Using a Trailer Bed

Junk Car Buyer Academy USA
Play Video
Junk Car Buyer Academy USA

Junk Car Buyer Option

  1. This option is excellent if you:
    • Do not have the start-up cost to buy a truck and trailer
    • Do not have the resources or ability to move the automobiles yourself
  2. As the buyer, you do the following:
    • Place Ads
    • Take the calls and broker the deals
    • Arrange to pick up time, meet client, close the deal

*Building a relationship with a dependable tow truck company will help you in this business. They can take your cars to the destination of your choice reliably and affordably.

Tow Truck

  • You can buy for personal or commercial use.
  • A personal truck is for hauling your junk cars. This means there isn’t any cash exchanged for hauling service.
  • A commercial truck can serve as a hired tow truck as well as a hauler for personal use. In this case, you can be paid for your towing services as well.

Tow Dolly

A tow dolly is 2- wheel trailer that will only lift the front wheels of the cargo.

The pros of a tow dolly:

  • They are lightweight and great for short-distance towing.
  • Tow dolly Lower-cost option (—) you can buy one for as little as $500 or rent one for $90 per day.

The cons of a tow dolly:

  • It can take up to 3 times the amount of time to load compared to a trailer or tow truck.
  • Tow Dollies are not ideal, permanent options for heavier vehicles.
  • Trailer sway (a fishtail movement) is the leading cause of towing accidents

*Tow dollies are legal on all U.S. highways, but the laws on registration and lighting requirements vary from state to state. Please check your state requirements to ensure you are compliant.

Junk Car Buyer Academy USA
Junk Car Buyer Academy USA

Tow Truck

BrokerTruck and Trailer Tow Truck
Pros Easy to get started You can maximize the revenue You can load up to 2-4 cars- minimizing gas and multiple trips
ConsYou will not be able to maximize revenue Unable to pick up more than one vehicle at a time Most expensive option
Junk Car Buyer Academy USA
Apply for a Business License and EIN
Junk Car Buyer Academy USA
Obtain a Business Phone Number
Junk Car Buyer Academy USA
Create Business Website