When looking to sell your junk car, you may immediately think to sell it to your local junkyard for cash. But how much will you get for the car from a junkyard? Does the condition or model of the car make a difference or is it all about how much metal your car has? The answer is… yes and no. Junk car prices in 2019 can range from $100 all the way up to $15,000, which doesn’t really tell you much. And the value of the car depends on many factors, so it can be difficult to tell how much you’ll actually get for your car and if a junkyard is the best option for you.
Usually, the price for junk cars is between $100 to $500, but there are 6 factors that could affect the value of your junk car.
What Can Affect the Value of My Junk Car?
Location — the location of the car can change its value. In winter, SUVs and 4x4s sell better as they are more in demand; whereas a smaller car or convertible would be worth more when gas prices are high or the weather is warm. If you live in Florida and are trying to sell a large car, consider driving north to get more cash for your junk car.
Year, Make, and Model — these factors are very important for determining how much you can get for your car. If it is a popular make and model, the salvage price may go up as the parts of the car can easily be resold by the junkyard for profit. And if the car is a more recent model (ie: less than 15 years old), you’ll get an even better price. More recent models are valuable because they can be salvaged or possibly repaired and resold.
Condition of the Vehicle — this is also an important variable in how much you can get for your junk car. If the car is in a condition such that it can be repaired and resold, you’ll likely be able to get much more for it. It is important to take an inventory of the condition of the parts of the car so you can give the junkyard or buyer an accurate picture of the value of the junk car.
Demand for Parts — this factor relates to the two above it. If there is not a large demand for car parts in your area, the resale value of your car goes down. You can discuss this with the junkyard to make sure you’re getting a better deal. If there is not a demand for parts of your car, it could be wise to consider driving your car to another state or area for a better deal.
Current Price of Scrap Metal — it’s a good idea to do some research into the current prices of scrap metal before selling your junk car. Cars are primarily made up of steel, so that’s what a junkyard would likely base their offer on. However, this is only a good option if the car is completely junked. If there is any resale value on the car parts, make sure to include that, as scrap metal prices are low and you will likely not get a lot for the car.
Weight of the Car — The weight of the car is very important when selling your junk car–especially if you are selling it as scrap metal. Your scrap metal price is going to be wholly based on the weight of the car. So if you’ve got an old SUV or truck, it’ll get you a better price than a small sedan.
If you take these 6 factors into consideration when selling your junk car and are good at negotiation, you will be able to get the best possible price. This may seem like a lot of information, but selling your junk car shouldn’t be difficult. With Junk Car Traders, selling your car has never been easier. To find out more, call us today at 888-323-7128.