National Junk Car Buyer Scams
I want to touch base on a new trend in the junk car industry, National Junk Car Buyer Scams. These are companies that are located in another state and purchasing junk or wrecked vehicles in all states. This is done by contracting local towing companies to buy the leads that these businesses generate. These leads can be sold to your local towing company anywhere from $25-250.00 a lead. This is a huge selling junk cars scam that everybody should be aware of.
There are several problems with this model. The biggest problem is that these national junk car buyers don’t care who they sell the leads to, they may even sell them to several companies. We get calls from these businesses all the time after talking to several of them I have discovered that they do not want a copy of my licenses or anything. All they are after is a credit card so they can get paid for the leads.
Ultimately they could be contracting to a criminal. These companies just don’t care. All they are after is the money per lead they make. This is a very dangerous situation. It is not right to put you or your family at risk.
Are These Junk Car Buyers Licensed
These national junk car buyers are not licensed in the states to purchase and recycle junk cars. For example, to have a license in Texas, you must be located in Texas and have a principal office here. How are these companies going to notify the state that the junk car or truck is no longer in your possession? This is how you are released from liability. This protects you from assuming responsibility once your vehicle is sold. These national companies sell these leads to anybody that wants the leads. Some of these people that purchase these leads are not licensed and fix the vehicles up. They resell the vehicle without the title getting transferred. What happens when one of these vehicles runs a red light, tool booth or gets into an accident? You got it; you are held responsible because the car is still in your name.
Another downfall of these junk car buyers companies is that by them selling these leads, they are taking money from you. Junk car buyers pay for these leads. This means that they have to pay you less for your vehicle. So you are losing the cost of the leads from your selling price. For example:
You are asking $500.00.
The lead cost the junk car buyers $150.00.
This means that your offer would be $350.00.
You are losing $150.00, and the National Junk Car Buyer is gaining your money. This is money that you don’t have to lose. You can earn these funds by contacting a local junk car buyer and selling your vehicle to them.
I am going to tell you ways to recognize if a company is national or local. The first and best way is to look at their website. If it states that they purchase vehicles in several states. Then they are a national company. Another great idea is to look at the phone number. If a junk car buyer has a toll free number then more than likely, they are a national junk car buyer. A local company does not need a toll-free number because it would not be long distance for you to call them.
Where to get the best cash for junk cars
If you have any questions or would like a free no obligation quote on your vehicle, then please feel free to give us a call at 713-592-2576 We serve the Houston Metro area including Galveston and Chambers counties. We are Houston’s best choice for junk car buyers! Thanks for reading Houston Junk Car Buyer.
Originally posted 2016-08-15 23:25:45.