How to Assess the Value of Your Junk Car
If you have a junk car that you wish to sell, your first inquiry likely has to do with money. You want to know how much your car is worth, and what to expect in terms of payment. Continue reading to learn what you need to know about this topic, including where to get started on your sale.
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You Can’t Know For Sure
It is nearly impossible to determine the actual worth of a junk vehicle without an in-person, professional evaluation using industry technologies to measure and weigh it, such as electronic platform scales and XRF analyzers. However, you can get an idea of what to expect by running a rudimentary assessment yourself, before contact a junk car buyer.
There are four primary factors to concentrate on when making your own self-evaluation of your junk car. Take note, this will not be an accurate estimation, but rather, a starting point for negotiations. These factors include the vehicle’s valuable parts, recyclable parts, estimated auction value, and the total amount of pure scrap metal.
❶ Valuable Parts – Catalytic converters, engines, radiator, alternators, timing belts, starter motors, computers, stereos, electronic devices, airbag, battery, AC, fenders, bumpers, windows, doors, tailgates, tires, rims, chassis, and any functional automotive parts.
❷ Valuable Recyclables – Anything within the vehicle that can be dismantled, reprocessed, and repurposed. This may include components like the ones mentioned for valuable parts. Almost everything in a vehicle can be recycled, especially if made of metal.
❸ Auction Value – How much will your junk car likely sell for at auction? Well, if it still operates, or only requires a few repairs, it could sell for more than the scrap value. In contrast, if it does not run and contains several defective parts and systems, it will sell for scrap value or less.
❹ Pure Scrap Value – This is the amount of metal in your junk car that can be sold as scrap. Cars mostly contain steel, so you can look up the current market prices for steel, and then multiply that number by the total weight of your vehicle. This will give you a starting point for negotiations.
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, Indiana for cash on the spot. We will buy your junk vehicle regardless of its condition, and pay you the fairest return in town! For more than 75 years, our company has been a trusted source for junk car selling, so you can trust us too! Call 317-450-3721 to request a free estimate for Indianapolis cash for cars, today.