What Will a Junkyard Pay for My Junk Car?

Do you own a junk car? You know the type we’re talking about. It’s old, it’s covered in rust from front to back, and it probably doesn’t even run. Maybe it used to be in good condition, but it’s slowly gone from bad to worse. Or, perhaps something went wrong all of a sudden. One day, it was running fine…and the next day, the head gasket was blown. There are other reasons why you might own a junk car, too: maybe your vehicle was in an accident, and now it’s no longer drivable. It doesn’t matter what the specifics are, though, really. At the end of the day, all of these situations result in the same thing: an old junk car that’s of no use to you.

Have you thought about selling your junk car for cash? If so, you’re probably wondering what your vehicle is worth. We don’t blame you, either. After all, why go to the trouble of trying to sell your junk car if you’re only going to get pennies for it?  There are many online junk yards that will buy junk cars for cash like Rusty’s Auto Salvage.

The truth is, every junk car is worth cash. It doesn’t matter how old your vehicle is or what kind of shape it’s in. No matter what, a junk car recycler will be able to turn your junk car into valuable scrap metal. That being said, though, there are three major factors that will help determine how much a junkyard will pay for your junk car: its year/make/model, the condition of your car, and the current price of scrap metal.

The Year, Make, and Model of Your Junk Car

You’re probably not surprised to hear that the year, make, and model of your junk car can have a significant impact on its value. There are a couple of reasons for this.

First off, there’s often a relationship between the demand for parts for a certain vehicle and the amount that a junkyard can afford to pay for it. In other words: the higher the demand for parts for your vehicle, the more it’s likely worth as a junk car.

Additionally, the amount of scrap material that a car contains will vary significantly from one model to another. Certain types of vehicles contain a particularly large amount of scrap metal, which makes them more valuable when it comes time to sell them to a junkyard.

Your Junk Car’s Condition

As you can imagine, the condition of your junk car can also have an impact on how much you can expect to get for it when you go to sell it.

If your junk car is in good condition, there’s a chance that the junkyard you’re selling it to may opt to auction it off at a car auction. If so, they’ll likely pay you more for it than if they’re simply planning to scrap it. Similarly, a vehicle in particularly bad condition may not have any salvageable parts available. This can lower its value as a scrap vehicle.

The Price of Scrap Metal

Perhaps more than anything else, the current price of scrap metal can play a major role in determining the value of your junk car. That’s because junkyards are mostly concerned with the scrap metal value of your vehicle — much more so than with the value of its parts. For this reason, you can expect to get less for your junk car in general if scrap metal prices are low nationwide, and more for your vehicle when prices are higher.

~ by velofinds on June 1, 2018.