How Much is My Junk Car Worth?

Posted on February 27, 2017 by cashforcars

The process of determining how much a junk car is worth can be complicated since values vary depending on several factors. The 4 primary factors include the make and model of a vehicle, a vehicle’s location, a vehicle’s condition, and the current market prices for metal. This means that your friend’s junk car might be worth more or less than yours. Continue reading to learn how these 4 primary factors determine the worth of a junk vehicle, and how professional junk car buyers use these factors to appraise them.

Cash for Cars Indianapolis 317-450-3721

Junk Car Appraisals

Professional junk car buying companies do not use a concrete formula to appraise junk vehicles. If it were possible to do so, they would, but the variables that influence the worth of junk cars continually fluctuate. Most often, appraisers will use all the factors surrounding junk cars and metal prices to determine how much a car is worth and how much they can pay someone for it. This includes the current market price for the same vehicle, the amount of depreciation in its used condition, the cost of repairs or replacements needed to get the vehicle back into a working condition, the make and model of the vehicle, the vehicle’s location, its present overall condition, the current market prices for scrap metal, and much more. This is why the value of one junk car is almost always different from another.

4 Primary Factors

Make and Model – The make and model of a vehicle is a significant factor in its overall value as a junk car. Many newer model vehicles are lighter-weight, and designed toward fuel efficiency and eco-friendliness, which means they tend to have less metal and more plastic. On the other hand, older models tend to have parts that are less valuable because many older vehicles coming off the road are in their last stages of life, rather than in need of a part replacement.

Location – Different locations have different demands in terms of junk car buying and selling. If you live in an area where the scrap metal business is good, the regional price of scrap metal is likely better, which means you can receive more for your junk car. Also, some areas have higher demands for certain types of junk vehicles, which could also influence how much you can get for it.

Condition – A vehicle that is still running may not be a junked vehicle, but it can still be sold to a salvage yard for a good price. A vehicle that is old, rusted, and missing most of its parts is worth less than a vehicle that still retains most of its parts, including valuable ones like catalytic converters. Catalytic converters contain platinum, which is very valuable. A car with a catalytic converter intact is worth more than a junk car without one. Basically, the more metal it has, the more valuable it is; and if it is still running, it is even more valuable.

Scrap Metal Prices – The current price for scrap metal is the most important and influential factor in determining the worth of a junk vehicle. When the price of metal is down, a junk car is worth less; and when the price of metal is up, a junk car is worth more.

Indianapolis Cash for Cars

Call Indianapolis Cash for Cars at 317-450-3721 to sell a junk car for cash on the spot in Indiana. We pay the highest imbursements for all make and model junk cars, trucks, boats, tractors, and more. Our junk car buyers accept anything motorized or that runs on fuel. The process is simple and starts with a quick phone call. Dial 317-450-3721 and request a free quote for your junk car in Indianapolis, today.

Is Your Car Junked?

Posted on December 16, 2016 by cashforcars

Cash for Cars Indianapolis 317-450-3721

Vehicles are sturdy, but they are also prone to damage. Although most complications that occur with our vehicles are repairable, sometimes the price to repair your car exceeds your car’s total value. In this case, it makes more sense to junk your car than to pay to repair it. Even if the price to repair your vehicle does not exceed its total value, if you foresee the need for future repairs, it may not be worth your while to continue to invest in your ride. In this case, you would also be better off taking your car to an auto
salvage yard!

Indianapolis Cash For Cars Pays Cash On the Spot for Junk Vehicles!

There’s no need to hide your junk vehicle in the back of your property, under a tarp, or in a garage for decades to come. Make some room yourself, and some money as well, by selling your junk vehicle to Indianapolis Cash for Cars instead! We are a family-owned and operated business that has served the Hoosier communities for 90 years. Our successful cash for cars division is conveniently located on Mickley Avenue, so we are easy to find and not too far away! And since our company was founded on old-fashioned values like integrity and respect, you can trust that we pay out the fairest rates for scrap metal and junk cars in Indianapolis. But aside from junk vehicles, we also accept all other forms of motorized commodities!

We Accept:

• Cars
• Trucks
• Sports Utility Vehicles (SUV’s)
• Vans
• Box Trucks
• Utility Trucks
• Semis
• Limousines
• Dozers
• Fork Lifts
• Construction Equipment
• And More!

Indianapolis Junk Car Buyers

Junk Car Buyers 317-450-3721

Earn fast cash for your junk car by calling Indianapolis Cash For Cars right now! You can reach a friendly office attended at 317-450-3721 anytime, day or night. Selling a junk car for cash is good for the environment, makes you money, and gets unsafe vehicles off the road. There are several advantages to selling a junk car, but let the cash tempt you the most! Call 317-450-3721 to speak with our professional Indianapolis junk car buyers, today.

3 Reasons Why You Should Sell a Junk Car

Posted on October 24, 2016 by cashforcars

Sell a Junk Vehicle 317-450-3721

Do you have an old, beat-up car? Or maybe one that is wrecked or inoperable? Perhaps you have a “fixer-upper” that doesn’t seem to have a realistic completion date? If so, how long are you going to let it take up valuable space before doing something about it? Even if your junk car is nothing more than rusted scrap metal, you can still make a quick profit by selling it to the right buyers. This includes scrap metal recycling centers, junk car buyers, used auto body shops, and junk yards. In fact, there are three good reasons why you should sell your junk car as soon as possible.

❶ You Get Instant Cash

The number one reason why you should sell your junk vehicle is for the cash. And not just cash, but cash on the spot. This means there is no waiting for a check in the mail or a payment to process. You will walk out of the door with cash-in-hand, regardless of your vehicle’s condition. But keep in mind that returns are based on current economic values of metal, as well as several other factors, including the size and condition of your car.

❷ It’s Good for the Environment

When you sell your junk car, you are helping the environment and supporting ecological preservation at the same time. Stagnant old cars be a safety and health concern since they can leak hazardous chemicals into the ground. These chemicals can enter the soil and eventually our drinking water supplies, harming our health and everything in our surrounding ecosystem. Also, when junk cars are bought, they are reused for their parts, which are refurbished and resold, as well as their metal. This reduces both the need to mine for steel and manufacture new auto parts. Less mining and manufacturing also means less pollution and coal consumption.

❸ It Gets Unsafe Vehicles Off the Road

Selling junk vehicles gets risky or troubled cars off the road, making it safer for drivers and passengers alike. Also, malfunctioning cars produce more harmful emissions, which is bad for the environment. By selling a junk car to a reputable buyer, you are assured that it will not be improperly handled and/or sold back to another driver under scandalous circumstances.

Indianapolis Cash for Cars

Junk Car Buyers 317-450-3721

Call Indianapolis Cash for Cars at 317-450-3721 to sell a junk car for the best price in town. We offer the highest imbursements in town for running and junked vehicles, including cars, trucks, boats, bulldozers, forklifts, water crafts, and more! We are the family owned and operated cash for cars lot to trust for outstanding service and fast cash! Call 317-450-3721 to speak with a friendly and honest junk car buyer in Indianapolis, Indiana today.

How You Can Put a Junk Car to Good Use

Posted on October 27, 2015 by cashforcars

Cash for Cars Indianapolis 317-450-3721

When you think about your old junk car sitting in the shed out back, or the dark side of the garage, you may think about why you still have it sitting in your house. What you should think about is ways to put that old hunk of metal to good use. There are several options to consider if you are ready to get rid of your old vehicle. Continue reading to learn what you can do with a junk car and how it can help your wallet as well!

Sell a Junk Car

There are many places that a person can sell a junk vehicle for cash. Junk car buyers are listed everywhere and junk car lots are prevalent spots all over the city. The important tip to keep in mind is to ask around to get the best return for your junk car. Many junk car lots have a flat fee for any junk vehicle; this is normal. It is still helpful to check around. Use a reliable company that has a good-standing history in the city and with clients.

Donate a Junk Car

A person can also donate their old car. There are various institutions, charities, fundraisers, and foundations that accept old cars and more. Most of the time, this type of donation can also be a tax write off. Churches, educational facilities, YMCA’s, shelters, and other similar establishments accept these types of donations. Although you do not get cash in return, per say, it is a tax write off for most people.

Scrap a Junk Car for Metal Parts

If cash is what you’re after, then scrapping the individual car parts and components is best. Taking a car apart requires certain tools, equipment, and experience. Be sure to have an experienced mechanic assist you with this task. Each vehicle part can be sold or scrapped for different cash amounts.

Metal recycling companies and scrap metal yards are the most popular places to sell old car parts. Catalytic converters give the highest cash return. This is because they are made from platinum, a very valuable, useful, and recyclable metal. Also, engines, radiators, and car batteries are bigger money items. Radiators made from copper are especially desirable. Aluminum car parts are easy to reuse and recycle,
making them easy to scrap as well.

Cash for Cars in Indianapolis

Junk Car Buyers 317-450-3721

Call Cash for Cars at 317-450-3721 for information about selling a junk car in Indianapolis today. Our experienced junk car scrappers are friendly and honest, offering the best payouts for junk cars and scrap metal in Indiana. We also offer free towing and pickup to all junk car sellers! Call 317-450-3721 to sell a junk car in Indianapolis today!

How Profitable is a Junk Car?

Posted on August 15, 2014 by cashforcars

Sell a Junk Vehicle 317-450-3721

A junk car retains several salvageable parts, all with various uses. In fact, this is one of the main reasons why people are driven to recycle or sell junk cars. The profitability of a junk car depends on a long list of variables. The seller, the condition of the car, the components still intact, and much more all affect the amount of cash-return for an old or junked vehicle. Continue reading and catch up on the breakdown of how profitable it can be to sell a junk car or other vehicle.

Recycling Junk Cars

A junk vehicle can still prove to be profitable, especially when it is dismantled part by part. You see, a scrap metal recycling center or junk car buyer will pay less money for a car in whole than they would part per part. This has to do with the amount of labor and time it requires to break a car down once it is bought for its scrap metal. A buyer naturally would want to be compensated for the work put into dismantling a vehicle following purchase. Many junk car owners do not want to put in the time, money, or labor into dismantling a junk car; nor do they have the time, money, equipment, or skill-set to do so. So, these are reasons why a junk car sold as a whole to a junk car buyer is worth less than if a junk car were sold for its parts.

Part for part, a junk car can turn out to be quite lucrative. For example, a catalytic converter is made from a precious metal called platinum. This metal is highly valuable and reusable; making it worth more than an entire junked vehicle! Other parts, like head lights, tail lights, bumpers, engines, and more are all highly valuable and resold for a significant profit. A person can stand to make up to one thousand more dollars selling a junk car part for part, rather than in its entirety. The catch to this is, it requires time and money to take a car apart; so a person is likely to invest more money disassembling a junk car for its parts rather than selling it as a whole, in the end.

Indianapolis Cash for Cars

Junk Car Buyers 317-450-3721

If you have a junk vehicle you would like to see recycled, call Indianapolis Cash for Cars at 317-450-3721 today. We buy all make and model junk cars, boats, watercrafts, construction equipment, trailers, trucks, ATV’s, and much more. As a family owned and operated business, we offer the highest returns for junk cars, and pay cash on the spot! Our company is fully licensed, bonded, and insured to buy junk vehicles and other scrap metal commodities in Indiana. Call 317-450-3721 for a free evaluation or estimate if you wish to sell a junk car in Indianapolis, IN today.