If you have a car that is old, wrecked or a non-runner, one of the greatest things that you can do is to junk the car. It does this not only mean that you get to free up space but you also get to earn some cash as well. However, most people are not very much sure of the amount of money that their scrap car is worth and the amount depends on some factors. In this article, we will explain the factors that determine the price for scrap car and how you can get the best price for your scrap car.
What Determines the Price of Scrap Cars
1. Make and Model of the Car
Vehicle make and model have a great influence on the amount of money you receive for your car’s scrap value. Some cars have got more expensive parts or are manufactured using metals that are more wanted in the market for scrap. High end cars especially those that are branded normally fare better in the market even as scrap because of their material and parts used.
2. Condition of the Vehicle
Scrap cars do not necessarily have to run but the condition of the car influences the amount of money one is paid. The prices are high when the car has items that are useful such as tires, batteries, or a functional engine. However, if your car has been salvaged and is composed of bare bones or severely rusted then the price might be cheaper.
3. Weight of the Car
Ferrous metals are bought basing on the weight, the more the weight of the vehicle, the more the amount of money that one is likely to earn. Older cars are more likely to be weighed hence they could fetch more money at the scrap yard. The larger the metal frame of your car, the higher the market price you are likely to get as compared to cars with small or light metal frame.
4. Current Metal Prices
The prices of the scrap metals depend on the market trends. The prices of ferrous and non ferrous metals such as steel, aluminum, copper and others determine the amounts you are likely to be paid for your car. This means that in case the aluminium prices are high, the scrap yards will be willing to offer more for your car. This is good to know because prices fluctuate constantly and the timing can make a real difference to the payout.
5. Location
Another factor affecting the price that you will be paid for your scrap car is the location that you live in. Yards in big cities or the industrialized areas may give a better price than areas that do not produce much scrap. However, in rural places, there are usually fewer and fewer scrap yards, which in turn results in lower prices.
6. Additional Services
Some of the scrap car buyers provide some extra services like towing for free. This can increase the value of the deal as in some cases towing charges can form a huge part of your profits. It is important to know if the towing has been embraced in the price when you are comparing your different quotes.
What Can You Get for Your Old Scrap Car?
The average price that is charged for scrap cars ranges from $100 to $500 depending on the illustrated factors above. There are exceptions when the car is in a very good condition or contains parts that are very expensive the price will again go up. For instance, if your car is a large Luxury Truck or SUV its weight and metal content shall be more and hence the value. Likewise, if the vehicle has hard-to-find or high turnover parts, then you might be charged a higher price.
You can also get a much better price if your car is still in a drivable state because salvage yards get to sell the car for its parts, which is more profitable than selling the car for just its metal.
Ways of Getting the Best Price for Your Scrap Car
If you’re looking to sell your scrap car, there are several steps you can take to ensure you get the best price:
Get Multiple Quotes – Do not be happy to accept a quote as soon as you receive it. Contact several scrap yards or scrap car buyers and get the quotation for the car. There is no fixed price for this service and you can get an idea from online tools and instant quotes.
Companies That Buy Scrap Cars for Cash – Most of the companies that buy scrap car for cash are known to offer the best prices and easy services. They take care of towing and all the paperwork that comes with it, thus keeping it simple. Such a service is for instance Cash For Scrap Cars that promises to offer cash for the scrap car within 24 hours, free towing service and reasonable prices for scrap cars.
Look at the Car’s Parts – If a car has some of its parts in high demand, then it only makes sense to sell those parts individually. There can be some parts of the car that are more valuable than the whole car, for example, the catalytic converter or the tires, or electronics.
Clean the Car – Although there is no need to make the car look like it is straight from the showroom so removing all your personal belongings and any conspicuous litter from the car can help the car’s worth especially whenever you are bargaining.
Why You Should Sell Your Scrap Car
It is less only financially wise to sell your scrap car but also eco-friendly to do this. Through scrap car recycling one will be in a position to reclaim various accessories such as metals and plastics and recycle them in various industries. It also means that by selling your scrap car you are contributing to environmental conservation in a small way.
Moreover, it will be useful for you to get rid of an old car that does not work, but which you still have to insure or repair at a very high cost.
Conclusion
The amount of money that any buyer will offer for your scrap car will depend on the make, model, condition, weight of the car and the prevailing market price for scrap metal. The average of what you can get is ranging between $100 and $500, but you can get more if your car’s parts are valuable or if there is a high demand of scrap metal. To make comparisons and get the best price offers it is recommended to receive offers from various sources and consider the services, such as Cash For Scrap Cars – the quick and easy way to get the most money for your old car.
If you are ready to sell your scrap car, then it is high time that you began to search for deals that will benefit you.
