Meta Description: Ever wondered about the cost of scrapping a car? Here are some of the factors that could impact the value of your scrap car.
Why keep a rundown car in your garage or yard when you can have it scrapped and get some cash for it, right?
There are different reasons why people scrap their cars in the nearby salvage yard. It may be because of high running or repair costs. Safety issues are also one of the reasons for car scrapping. Others have their cars scrapped because they need fast cash.
Whatever your reason is, you’ll eventually find yourself wondering about the cost of scrapping a car. Right now, the average cost of a scrap car is a little under $500.
Some cars sell for more, some cars sell for less. It all depends on the value of your car.
Factors that Impact the Value of a Scrap Car
There are several factors that come into play when quoting a scrap car’s value.
Year & Model
The first and most basic factor that scrap car buyers consider is your car’s year and model.
Older car models usually have a high value because of their materials. More metals used in your car usually means you can scrap it for a higher amount.
Cars also tend to have a higher value if they’re especially rare. If your car has been discontinued or is limited edition, you’ll get to scrap your car for a higher price.
This isn’t to say that common cars sell for less, though. In fact, if your car is commonly used in your area, you can also get a high value for scrapping it. This is because it might have parts that are needed for others’ car repairs.
The next thing that scrap car buyers consider is the overall condition of your car.
Even if your car is especially rare, if there’s barely any use for it, the buyer won’t be willing to pay as much money for it.
You can scrap your car for more when it only needs a few repairs and is otherwise still usable. Take note that buyers are more likely to take your car in if they won’t have to spend a fortune on its repairs.
Demand for Parts
Another important thing that scrap car buyers consider is the demand for your car’s parts.
Navigation systems, rearview cameras, airbags, fenders—if any or all of these are in demand, you’ll get more money for your car.
Car doors, bumpers, and tires that are in good condition also tend to sell for more.
Scrap Your Car for a Great Value
Scrapping a car is a great way to get back some of the money you spent on your car when you first bought it. If you plan on moving away, it’s also a great way to get rid of your car quickly and easily.
Look around your area for junk car buyers and ask them how much they can offer for your car. If possible, go with the one that offers a reasonable price and is willing to pick up your car without additional charges.
Remember, these are the factors that impact the value of a scrap car:
- The year and model of your car plays a big part in determining its value once scrapped. Older models, especially rare cars, common cars—these all have a higher value for junk car buyers.
- The condition of your car is just as (if not more) important. Those in good condition sell for more compared to those that are barely running.
- The demand for your car’s parts also matter. Even if they’re working, if they’re not in demand, you might get paid less for your car.