The signs are all over the place in many towns and cities. The signs offer to buy cars for cash on the spot if you call the number. In most cases, the people that put those signs up are legitimately looking for cars to buy and if you have a decent used car that fits their needs, they will pay cash for the car.
Why Buy Cars For Cash
Often the first question that comes to mind is what do these people do with the cars they buy? It is a good question, and it depends on who is buying the vehicles and what kind of cars they are buying. A used car dealer will buy decent used cars, inspect, detail and repair anything that needs fixing, then sell the cars on their lot for a profit. The types of cars that the dealer will buy are going to be higher-end cars, and they may not be interested in every car they look at, but if your car fits their needs, you might be able to sell it and make a nice profit.
Sometimes the person coming to look at your car is an auto recycler. They may run a salvage yard where they sell parts from vehicles at a discount, and if they can pick up a good car that has a lot of good parts on it, they will dismantle it and sell the parts for more than they paid for the car. Typically the auto recycler will be looking for an older car with far less retail value that they can buy very inexpensive. The cheaper the car, the more profit they make because they are not reselling it as a complete car. They do not need to repair it, and in fact, will not use many parts of the vehicle.
Metal recyclers are the guys that will buy any car you have for the lowest price that they can. They only want the car for the scrap metal and will take all the non-metallic material out of the car then take it to a scrap yard and sell it for weight. It does not matter if the vehicle runs or not and in many cases, it is better if it doesn't because they can buy it cheaper. If you have an old car that isn't running, getting a little money for it is excellent and in the process, they will remove it from your yard, making the property look nicer.