New site live

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Firstly, apologies for the few days where the site was down. Unfortunately it was necessary to allow the switch over to new servers..

The new site is now up and running, and is better than ever. Were still busy developing the site, so keep an eye out for new features coming soon!

Hope you like the new design, and please let us know if there is anything additional you would like to see..

Any comments much appreciated… Let us know what you think.

Real life wrecks to riches

admin    Salvage, Salvage hints and tips, Salvage news    

Calling all Salvage yards……..

Firstly, apologies if this sounds like a scam, it truly inst meant to sound that way.
As winter fast approaches, I’m finding I’d like a project to work on and keep me busy over the winter months.

I’m looking for a salvage project specifically, and one which will hopefully provide some profit from selling on as soon as the weather improves.

I’m also hoping that one of the many salvage yards out there, will be kind enough to help me out in return for some promotional activity.

I’m looking for a car which I can repair, and demonstrate that buying, repairing and selling a salvage vehicle is do-able by just about anybody, not just specialists. I’m going to do all the work myself, and will be hoping to sell the car on once I’ve finished, hopefully for a profit.
Each week, I will be documenting my progress, and will posting updates here on wrecks2riches.

Its a real-life example, of how salvage could potentially take a wreck and turn it into riches…

The opportunity…
For any salvage yard willing to either donate or subsidise a salvage vehicle, I will happily commit to providing substantial marketing support, and on sale of the vehicle, a split of the profits.
(I’m not asking for anything fancy, just something which is a relatively easy repair, and has the potential to sell on for a modest profit once repaired)

Why?
Its a great opportunity for a salvage yard to get their name out there, in a very niche market. Likewise, the write-ups and guides produced off the back of the project will help spur on many other potential buyers. Potential buyers of your salvage vehicles.

If you are a salvage yard, and are interested in the above opportunity, please feel free to contact me. Just leave a comment, and I will come back to you within 24 hours.

Salvage car of the week – Porsche 911 GT3 Oakley

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SALVAGE CAR OF THE WEEK

2007 PORSCHE 997 GT3 – OAKLEY DESIGN

A very rare and sought after 911 GT3 with some amazing history is currently available for sale on e-bay. Built by Oakley Design, and upgraded in almost every area, its had an amazing £60k of upgrades!

For sale at £44,950.00

ebay auction – Porsche 911 GT3 oakley

ebay auction – Porsche 911 GT3 oakley

Damage:
LIGHT PANEL & SUSPENSION DAMAGE
RECORDED AS A CAT D
CAR STARTS & IT WILL DRIVE FOR LOADING
COMES WITH KEYS AND THE LOG BOOK.
41K MILES

This is a very special Porsche indeed.

Youtube clips detail all the additonal extra’s on the car.

Check out www.oakleydesign.co.uk for more details and specs on this car!

ebay auction – Porsche 911 GT3 oakley

Scrappage scheme boom time for salvage breaker

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Sum of the parts equals more than the car.
Auto Express recently ran an article looking into the value of a car as parts. With the Government scrappage scheme making more people scrap perfectly usable cars, breakers like 247 spares are being flooded with good quality parts which can be sold on for a premium.

I’d already covered a similar topic back in October 08 on breaking rather than repairing, which even then was looking to be far more profitable in many circumstances.

Article extract – Source: Auto Express issue 1,073.

Under the scrappage scheme, the buyer has to essentially sign the death warrant on their current car before they can get the keys to the discounted one. And we’ve head many tales of dealers accepting completely functional Porsches, fully serviced Civics and pristine Micras.

To qualify for the governments promised share of £2000 discount the motor has to be taken to one of 1,400 Automotive Treatment Facilities (ATFs) around the country and issues with a Certificate of destruction (COD). Up to the end of June 2009, 29,796 cars had either been destroyed or were on the chopping block thanks to the scheme.

But the COD is a bit of a red herring because although the car can no longer exist, the cars can and often will be harvested for resale. “The vehicle has got to be scrapped for the COD, yet the ATF is at liberty to take off any parts” admitted Duncan Wemyss, secretary of the Motor Vehicles Dismantlers Association.

It spells boom time for Britain’s biggest dismantler, Doncaster Motor Spares in S Yorks. Its boss Richard Martin told us: “On average we handle about 500 cars per week, but last week we collected about 100 more from the scrappage scheme.” He admitted the quality had been good too. “In general these models are cleaner, perhaps they have been in a family and passed down through the generations. They’re better quality than a scrap car.”

His company turns over several million pounds a year – hardly surprising when you take a closer look at how much money a single motor can generate in parts alone.
To find out we decided to ’strip’ a popular scrappage trade in – a 1999 Ford KA. First we identified 30 or so of the most sought after parts. We then put in a request for each one with an online clearing house used by dismantlers hunting customers.

As our inbox filled with prices for everything from tailgate struts to 1.3 litre engines, we selected the cheapest offer knocked off the VAT and postage, and began to establish a tidy sum for our little run around. By the end of the day we had generated a huge £1,451. Not bad for a car Doncaster Motor Spares will pay only £1000 for on average.

To see how owners would fare dismantling and flogging the parts themselves, we also compared our trade prices with those on auction site eBay. We discovered that an enterprising soul with a socket set and storage space could fetch nearly £800 for the same spares, although without Doncaster Spares 90 day guarantee. (See table)

So, what does this mean for us?

1) If you are in it purely for profit, before buying any Salvage vehicle, price up repairing vs breaking. You might be surprised how much you could make. Use eBay and parts sites to verify how much your parts are worth.

2) Remember the Scrappage scheme wont be around forever so this may be a temporary phenomenon.

3) If you are breaking, consider the time and storage implications, it may take a long time to sell parts individually, you will incur advertising costs e.g. eBay listings. And you will have the hassle of arranging postage or couriers for sending the parts.

Salvage Car of the Week – Porsche 911 (997) Turbo

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** Salvage car of the week**

This week a tale of two cars, each at completely different ends of the salvage spectrum.

Porsche 911 (997) Turbo 3.6
www.s-w-s.co.uk
2006 – 56 reg
Silver
7,040 miles
Petrol

Light panel & suspension damge to front left & right corners. Engine runs.

Honda Prelude 2.2i v-tec
www.aldershotcarspares.co.uk
1998 – S reg
Silver
94k miles
Petrol

£1,895

Honda Prelude- 2.2cc- 4 Wheel Steering- Factory Special Edition Tegi With Body Kit And Side Skirts And Also Limited Edition Wheels- Creme Leather With Black Piping- Air Conditioning- Electric Windows- Central Locking- Alarmed- Requires Bonnet- Cat C

Salvage car of the week – Audi R8 & 911 GT3 Clubsport

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Salvage Cars of the week

Audi R8 4.2 v8 Quattro – 2009 CAT D

Available on Bluecycle.com
Auction ends: 16/06/09
Current price: £42,770

Indication of damage, but not limited to SIDE,O/S/R QUARTER,O/S SILL COVER,O/S/R SUSPENSION,OIL COOLER,O/S/R CHASSIS,STARTED,EXTRA,S SAT NAV,SPARE KEYS,(EXCELLENT CONDITION)

Porsche 997 911 GT3 Clubsport Reg doc, spare key chip.

Available on s-w-s.co.uk
Current price: £34,950

2007 – 56 reg
White
13,884 miles
Petrol

Damage to off-side front & rear, not many details available on s-w-s, but would appear to be the result of a track-day crash.

Salvage available now on e-Bay

admin    Salvage, Salvage news    

Salvage car of the week – Audi R8 & Nissan GTR

admin    Salvage, Salvage car of the week    

This week we have some rarely seen exotic salvage, including the brand new Nissan GTR of which are there only a handful in the whole country.

Nissan GTR – 2008 model

Available on Bluecycle.com
Auction ends: 28/04/09
Current price: £20,010.00

Indication of damage, but not limited to THE LATEST NEW MODEL GT-R!SIDE,F/BUMPER,H/LIGHTS(brackets),N/S/F WING,O/S/F WING?,SUSP,WHEELS,N/S/F DOOR,N/S/R QUARTER,N/S SILL COVER,LIGHT SCRATCHES,STARTED,FULLY LOADED(imported version)

Audi R8 – 2007

Available on Bluecycle.com
Auction ends: 27/04/09
Current price: £17,900.00

Indication of damage, but not limited to Front bumper, bonnet, headlight, O/S/F wheel, O/S door, O/S sill, floor, O/S/R suspension, O/S/F seat airbag, floor pan, under rear bumper.

Salvage Car of the Week – Lotus Europa

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Salvage Car of the week.

www.s-w-s.co.uk

Lotus Europa 2.0 S Reg doc, Sat Nav, spare keys & service book
2006 – 06 reg
Mauve
12,093 miles
Petrol

Moderate OS front & dash bags. Parts available inc airbags, front clam, front suspension and front bumper. We have the nav disc, V5, FSH & spare key

A bargain, in my opinion for a rare Lotus which is very infrequently seen on the roads. Based on the VX220, so it should be relatively easy to find the additional parts required to repair.

My dream salvage car garage…..

admin    Salvage    

On a lighter note, I thought it would be fun to include a post about my dream salvage cars. Cars which some day I would like to own, but which are currently available as salvage and available to buy, if I happened to win the lottery!

Here are my top 5 which would make my perfect salvage garage.

1. Porsche 997 Carrera
(currently on SWS for £22,950 with n/s rear quarter and suspension damage)

2. Mercedes SL55 AMG
(Currently on CMS for £29,995 – Previously damaged, Cat D repaired car)

3. Mini Cooper S Works GP
(Also on CMS for £18,950 – non-recorded, un-damaged car)

4. Lotus Elise
(Light panel damage, available on e-bay, £10,950)

5. Porsche 911 (993) Carrera 2 Cabriolet
(Front end damage, available on bluecycle, currently bidding at £3,050)

Now, here is where it gets interactive……

Leave a comment including your top 5 dream salvage cars. On Christmas Eve, I will randomly select one post, and will povide the winner with a small prize!