Selling used tires can be an excellent way to make extra money as an automotive enthusiast or small business owner. With the right knowledge and preparation, you can effectively sell your used tires locally and online for top dollar.
As a fellow entrepreneur who has bought and sold countless used tires over the years, I‘ve learned the ins and outs of maximizing profit. Here, I‘ll share my expertise on the prime outlets and best practices for selling used tires based on condition, pricing, requirements, and more.
Evaluating and Pricing Used Tires
The first step to selling used tires profitably is evaluating their condition and setting a competitive price. Here are some key factors to consider:
- Tread depth – This is the biggest indicator of a tire‘s remaining life and value. Aim for at least 4/32" depth. More is better.
- Brand – Premium brands like Michelin and Goodyear tend to command higher prices than lesser known labels.
- Tire type – Performance tires hold value better than basic all-seasons. Truck and specialty tires also fetch higher prices.
- Damage/defects – Tires with any sidewall damage, repairs, or excessive wear must be discounted heavily.
- Age – Very old tires should be priced lower regardless of tread depth. Check manufacturing date on sidewall.
Based on these factors, here is a general pricing chart for used tires in good shape:
|Average Price Range
|$25 – $60
|$40 – $75
|$60 – $100
|$75 – $150
|$100 – $250
Of course, prices vary greatly depending on brand, tread life, and local market conditions. Do research to price competitively.
Best Places to Sell Used Tires
Now let‘s explore the top outlets for selling used tires and maximizing profits:
Local Tire Shops
Selling directly to tire shops is one of the simplest and most lucrative options. According to industry estimates, over 25 million used tires are sold via tire dealers each year.
Shops will inspect your tires and make an offer based on their condition, brand, and size. Expect to get 50-75% of the tire‘s original price for those with decent tread. The ability to negotiate face-to-face also helps secure better payouts.
Pro tip: Ask the dealer if they offer any trade-in discounts or rebates when you purchase new tires from them. This allows you to optimize savings.
Online platforms like Craigslist and Facebook Marketplace provide access to a wide pool of buyers. Pricing competitively and posting detailed listings with clear photos are key to success.
peer-to-peer platforms like OfferUp and Letgo are also great options since buyers can inspect tires locally before purchasing.
- When listing on Craigslist or eBay, include keywords like the tire brand, size, and type in your title and description to optimize search visibility.
- On Facebook, join local tire and auto parts groups to post your tires.
Tire Retailers and Wholesalers
Major tire retailers and wholesalers like Sullivan Tire and US Autoforce purchase used tires in bulk. Prices are contingent on quantity, tread depth, and overall condition. While payouts may be lower than selling privately, the convenience factor is appealing for those looking to sell a large stock of used tires quickly.
Tire Buyback Programs
Bridgestone, Michelin, Goodyear, and other big brands offer consumer tire buyback programs that give discounts or rebates on new tires when you turn in your used ones. For example, Michelin‘s Tire Rack BuyBack program offers a $20 prepaid card per tire for select brands and treads over 4/32".
These programs provide an easy avenue to unload tires while saving money on replacements.
Junkyards and Scrap Yards
Junk and scrap yards generally pay by the ton instead of per tire. While profits will be minimal, they accept tires in any condition and usually pay cash on the spot. This is a quick option to dispose of damaged or unsafe tires.
Average scrap prices:
- Passenger tires = $0.10-0.25/lb
- Truck tires = $0.15-0.35/lb
Best Practices for Selling Used Tires
Follow these tips to maximize profits and make the selling process smooth:
- Inspect carefully – Note any repairs, irregular wear, and damage that may decrease value. Be upfront about flaws.
- Research prices – Check local classifieds and stores to set competitive prices. Factor in tire brand, size, tread, etc.
- Photograph thoroughly – Take pictures from multiple angles in good lighting against a neutral background.
- Meet safely – For in-person sales, meet in busy public areas like parking lots. Bring a friend for large transactions.
- Remove personal information – Buff off previous owner‘s name, wheel weights, tire marking, etc.
- Know your state laws – Some states prohibit the sale of used tires deemed unsafe. Check regulations in your area.
With the right approach, you can turn unused tires from a garage liability into a profitable side business. Now that you know where and how to sell used tires effectively, you can start cashing in today!