Cash For Cars

Cash For Cars Success Stories [2024]

Pat Walls

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Updated: September 26th, 2024

Looking to turn unused cars into cash? Consider starting a "cash for cars" business. At its core, this business involves purchasing unwanted vehicles from individuals, then reselling them for a profit or recycling their parts.

This straightforward model capitalizes on the high volume of vehicles that owners are eager to offload quickly. Your role includes evaluating vehicles, negotiating purchases, and coordinating sales or recycling processes.

To get started, you need basic financial knowledge and a network of buyers and recyclers. This endeavor is not just about hustling but also about creating a streamlined system that efficiently handles vehicle transactions.

If you're ready to roll up your sleeves, cash for cars offers not just lucrative returns but also the satisfaction of helping people get rid of their unwanted vehicles.

In this list, you'll find real-world cash for cars success stories and very profitable examples of starting a cash for cars that makes money.

1. The Clunker Junker ($5.89M/year)

Eric and Valerie Mitz, founders of The Clunker Junker, initially started off as an affiliate website generating leads for junk car removal companies. However, after facing challenges and setbacks, they decided to provide the service themselves and built a custom software platform connecting junk car buyers and sellers. The Clunker Junker has since grown into a successful business, generating close to $6 million in revenue in 2020.

How much money it makes: $5.89M/year
How much did it cost to start: $20
How many people on the team: 4

How We Built A Platform To Buy Used Cars And Grew It To A $6M/Year Business

The Clunker Junker founders built a modern platform that has enabled the purchase of hundreds of thousands of cars across the US, generating almost $6 million in revenue in 2020 and changing their lives forever.

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