This is pretty redundant since we have the other thread discussing tools of the trade, but i'll bite.....
Of course its different for everyone depending what you scrap and how you do it.
I'll list what I use maybe you will get some ideas, but I don't think I could run it down to a "TOP 5" list.
Here's what I consider essential to my work (or at least very great to have, a lot I could do without):
1992 Dodge 1 ton diesel
1993 Dodge 3/4 ton diesel
24' gooseneck trailer with
winch, dual batteries, toolbox loaded with chains, boomers, straps, jacks, etc.
12'
utility trailer
2 car garage mostly full of crap but also holds my tools and I move out the tractor and quad to strip appliances and wire and such when its colder out. Also store my non ferrous and
core items in here.
Air compressor, with impact wrench, air ratchet, air chisel, etc.
Manual tire changer
18V cordless drill with the full monte of driver bits etc. Step drill bits can also be handy for scrapping but I haven't used them much. Sooner or later it'll be priceless.
Two full toolboxes of tools. Everything and then some. Don't need it all for scrapping but again sooner or later it will get used, and I do use all of it frequently doing repairs and fabrication.
Chop saw. Again don't use a lot for scrapping, but sometimes great to have.
Sawzall. Priceless.
2 angle grinders- usually one has cut off wheel and the other has grinding disc.
2 wheel Hand truck (aka appliance truck or cart)
Digital 400 lb. bathroom scales, sometimes I use it to see how much of something I have, or if I am out buying stuff I might use it (buying core parts, not bulk steel)
A boatload of 5 gallon buckets- I use them to store and transport core items, non ferrous, etc. Also a couple of larger totes are handy for unstripped wire and aluminum. I don't usually get loads of non ferrous and don't have a lot of room to store it or I would move up to plastic 55 gallon drums.
I also use a wheelbarrow around the garage to tote stuff back and forth to the truck and temporarily store stuff in.
I scrap cars for the most part, and I back them up to the garage, and start stripping them on the trailer. I throw all the stuff I remove into the wheelbarrow and roll it to the garage for later sorting.
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