What is A Scrap Car?
A scrap car is an end-of-life, old or damaged car that is set to be processed by a licensed metal recycler.
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Typically, scrap cars have been on the road for over 15, 20, or more years and have high-mileage with body and mechanical damage.
As a general rule, a scrap vehicle is worth the material that it is made of.
Due to their components, some older cars with low mileage hold higher value.
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If you’ve got a vehicle that is not roadworthy anymore, read on to find out how to get the most money and sell it conveniently.
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Finding junk car buyers and clunker buyers in your local area
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Why Do Buyers Want Scrap Cars?
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Junkyards or scrapyards buy vehicles from sellers who no longer want them. While reasons vary, most people can’t or don’t want to keep their vehicles running. So, they decide to sell a scrapyard.
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The scrapyards harvest all parts of these vehicles they can save. Any working part of the car is fair game. Once the “guts” of the vehicle are removed, it’s flattened.
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The vehicle buyers then sell the parts to shops, mechanics, or other individuals who want them.
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Whats the Value of my Scrap?
Scrap car prices are usually calculated by the weight of the vehicle. The average value for mid-size cars range between $250 – $400. Meanwhile, the scrap value of smaller vehicles can be as low as $200.
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Insurance companies however, will use the following formula to calculate scrap value:
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Scrap Metal Price/Ton x Car Weight (Tons) = Scrap Value
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If you're trying to get the most money for your old car, selling it for parts is probably your best option. Certain parts of the vehicle can yield you a couple hundred dollars alone!
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But here at Cash for Junk Cars online we will make this process easy and do all the middle man work to ensure a smooth auto wrecking transaction.
How Are Scrap Cars Priced?
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Make & Model - If your vehicle’s make and model is in high demand, then expect to net a greater return by scrapping it than for less desired vehicles. If your car is a more recent model, then its components are considered more reliable and, therefore, worth more.
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Location - Scrap metal isn’t usually processed at the scrap yard that purchases it. It has to be transported elsewhere and if that “elsewhere” happens to be far away, the scrap yard will give you less money for your metal in order to offset the costs of increased transportation.
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Vehicle’s Age - Unfortunately the older the car is, the more it depreciates in value. While scrap yards will price vehicles by their weight in tons, newer vehicles and their reusable components can fetch a higher price from other buyers.
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Vehicle Parts - Junk Cars that have the original manufacturing parts are worth more than the ones that have after market parts installed due to the metal type and concentratoion.
