Going to sell your scrap car? Are you quite sure how much is your car worth? It can be difficult to calculate the fair price if you are out to sell your junk car for the first time. You have come to the right place if this is your first time investigating about the worth of various metal metals and which parts can profit you better.
Wouldn’t you be awestruck when informed that the car on which you spent thousands of dollars is now worth only a few hundred bucks? On the contrary, I prefer saying that you can expect some huge cash! Here is how-
How do scrap prices affect the value of a junk car?
Junk cars are sold by the ton. But you could still get as much as $100-$5000 by selling your junk car. To get the best deal on the scrap prices you need to know the following about your car-
· Make
· Year
· Model
· Mileage
Rules differ from state to state. Make sure to take a copy of your registration when out to sell the car.
Note: If you still owe money for the car, you cannot sell the car for scrap.
There are some makes and models that are more popular. Make sure you find out if your vehicle happens to be one of these. Lower mileage and better condition of the vehicle help the salvage yard to sell your car to potential clients.
Additionally, the salvage yard also has to make a profit after selling the parts of your car or recycling the metal parts. It is crucial to choose a service that offers you as much as $100-$5000 on selling the junk car. But whatsoever money you receive, it is always better than the car sitting in the driveway.
Is it necessary for the car to run?
To be sold at a junkyard, the car does not have to run. It is absolutely of no necessity to look like it has been driven in the past couple of decades. The right buyers hardly care about the car running. They rather do so about the condition of the car.
What parts have the highest scrap prices?
Majority of a car is made of steel. But it is not the only metal used in a car. And most definitely, it is not the only metal that holds value in a car. Scrap prices also include the price of the following-
1. Platinum
If a junk car has retained its catalytic converter, there is a good chance of it retaining the precious metal Platinum. It is a precious metal owing to its rare properties. If you are lucky enough to have maintained this metal, expect big bucks from the salvage yards.
Tip: Do ample amount of research to find yourself a company that offers you around $100-$5000 when you sell your junk car that has platinum in it.
2. Iron and Steel
Iron and steel are the most common metals found in a car. Steel does not bring in so much money but it makes up for that in the amount of quantity it is found in cars. Steel has its reputation in the automobile industry for its strength, resistance to rust and durability.
Iron is primarily found in the older models as it is quite heavy and not so commonly found in the newer models of cars. Iron alloys are however found in the newer models. Most of the iron is found in the engine.
3. Aluminum and copper
Aluminum is used as a replacement of iron as it is light-weight. It is commonly found in the engines, cylinder heads, radiators, pistons and wheel rims.
Note: Aluminum is extensively used in the automobile industry nowadays. Ensure that you get the right price if your car has aluminum instead of iron parts in the engine.
Copper is another such metal that is high in demand. The radiators, alternators, wiring, starters are potentially made of copper.
One who realizes the true worth of all these valuable metals can set up for a hefty pay-day by selling their junk car. The most important point is to choose an experienced and reputable junk car buyer that won’t cheat you.
What other parts have value?
It is not just the metal parts of the car that holds value. The other features include-
· Air conditioning
· GPS systems
· Wheels and rims
· Tailgates
· Oil filters and motor oil
For the big bucks watch out for the-
· Battery: sold for as much as $15-$25 alone.
· Radiator: $1 per pound for selling it as a junk. When in good shape you can get as much as $30-$75
· Tires: an approximate of $50 per tire if in good shape.
In a nutshell
Get the best price for your junk car by figuring out the factors involved in the price of your vehicle. Cars that run have the most value. It is a bonus if they are not rusted. With all these information, it is an extremely easy task to make some fast cash and clear out space from your driveway.