How to make $6K -$10K a month harvesting Catalytic Converters
So, times are tough – economy sucks, no jobs, etc. And a man has to make a living.
Well with a small investment and little risk one can easily make $6000 - $10000 monthly (maybe more) “harvesting” and selling catalytic converters.
Best of all, harvesting cats (catalytic converters) can be accomplished under the cover of darkness – no eyewitnesses and no cameras!
If you concentrate on high value converters (Large GM, Toyota, Lexus, etc.) you can make around $75 - $100 + from each converter you get. It takes less than 30 seconds to saw one off! As you can see, making $10,000 monthly is not hard to do.
What are Catalytic Converters and Why are they so Valuable:
A catalytic converter is a device located on the underside of the vehicle in the exhaust system used to reduce the toxicity of emissions from an internal combustion engine. It is usually located towards the front or middle of the vehicle before the muffler(which is located closer to the end). A “cat” provides an environment for a chemical reaction wherein toxic combustion by-products are converted to less-toxic substances. Many vehicles have 2 or more converters in their system. Due to the external location and the use of valuable precious metals including platinum, palladium, and rhodium, converters are an easy target for opportunists looking for quick money.
The most common use for platinum within the U.S. is for catalytic converter manufacturing. This precious metal is more scarce and worth more per ounce than gold!
Read this for more in depth info:
What you need to get started:
1)DeWalt 18 Volt Cordless Reciprocating Saw - ~$200 (less on eBay)
Don't waste your time with other brands and models, none have the power level of this one.
2)Diablo 6 inch x 8/10 TPI Metal Saw Blade - $3.00 each
These are thicker than a normal saw blade and available at Home Depot. Look for the red ones.
Again, don't waste your time or $ with other brands these work, others will break!
3)Small flashlight or headlamp. ~$5.00
4)14 mm socket and wrench - ~$20.00
Most Toyota vehicles have bolt on Cats. At least one end can be detached with 2 bolts, the other end will usually need to be sawed.
5)Tailpipe cutter (optional) - ~$50.00
You can get this from any Auto-zone loan a tool service. If it doesn't work for you they will buy it back from you at full price.
*** Jaws Hydraulic Shears - ~$3500
This would be a professional set up to buy once you have enough money. Quick and quiet!
You could harvest 30 Catalytic Converters a day with this! $50K monthly income is possible!
Where to Get the Cat Converters:
Your hunting grounds should be anywhere there are large parking lots with lots of prey vehicles. Some are better during the day, and some better at night. Use your best judgment.
Shopping Centers (Walmart)
Commuter Park-and-Ride Lots
Colleges and Universities
Large Company's employee parking
You should focus your attention on trucks and SUV's. These types of vehicles have larger and more valuable cats to sell and they are higher off the ground and easier to crawl under to work.
The saw will be loud, but with the right blade and a fully charged battery, the cutting will be quick. On Toyota vehicles you can sometimes remove the cat without a saw. One just needs a 14 mm wrench and socket w/ratchet. The cat is connected by 2 bolts at each end.
The possibilities are endless. There are as many vehicles as humans in the U.S. Think about that for a moment.
Where do I sell my Cats?
You DO NOT want to sell locally. First of all, local places will pay you crap prices for your goods. But more importantly, most scrap yards these days will require and photo ID, finger print etc for anyone selling cat converters. And the police monitor their records also. You will be in trouble in no time if you go this route. Don't be a fool.
You will see some listings on eBay. But this is not a good option either. Once paypal investigates, they will block your account if you can't prove ownership. Plus, listing fees, final value fees, and paypal fees cut into your profits.
Worry not, though, you have better options out there.
You can ship your converters to companies that buy nationwide. The process is relatively quick and simple – no fingerprints, photo ID hassle – and the prices are much better for you.
One has to be patient though, it can take up to a week to get your money. But patience is rewarded.
If you ship 4-8 converters at a time you can box them and ship via UPS, FedEx, etc.
For 10+ it may be more economical to truck ship them using companies like RL Carriers, UPS Freight, Old Dominions Freight Lines, SAI Motor Freight, etc. Google them to find which have locations near you and call to get a rate quote.
Here are a few cat recyclers that buy from small sellers:
1. XXXXXXXXX Disregard. Apparently, they are no longer in business. Too bad; they had the highest payout prices.
2. hxxp://sellcatalyticconverters.com/ Decent prices. Payment process takes about 5 days to get your money.
3.hxxp://www.integritymetalscompany.com/ Reputable company. Kinda lower prices than others, though.
Some companies will issue a check, others will do paypal or even moneygram/western union to you.
Very easy to make $5-6000 a month doing this alone – and $10,000 ++++ a month if you have a partner and the jaws cutting shears listed above. You could even transform this into a legit business – visiting towing companies, muffler and mechanic shops and offering to buy their cats from junk vehicles!
Harvesting cats can provide you with quick cash fast with little start up cost and low risk. To be successful, one has to plan and research and always be vigilant for the police. Make your money and move on to the next big thing!
FOR INFORMATIONAL PURPOSES ONLY.