Salvage or Scrap? How To Maximize The Value of Your Junk Car

On Saturday, July 23rd, 2016

There are thousands of unused junk cars sitting on lots in every American city, and there are lots of reasons why their owners may want to get rid of them for fast cash. Some of these vehicles don’t run, and haven’t run for years. Others are kept as a back-up car just in case the family’s primary vehicle can’t be used. The truth about these vehicles, however, is that the more time they spend collecting dust, the less their owners will collect when they sell them to junk car buyers. And that goes for all makes and models of junk cars, like these.

234Photo Credit Pixbay

Sell Now to Maximize Value

One of the unexpected factors that auto scrap dealers take into consideration is how long the car has been left sitting. Every part and component in the car is designed for regular use, and cars that haven’t run in a long time can develop unforeseen problems. To maximize the value of your junk car, sell it quickly and tell the dealer that you just took it off the road.

Scrapping Vs. Salvaging

When it comes time to sell your junk car for cash, you have two major alternatives:

  • Salvaging the car involves selling any useful parts and components the car may still have. This is a great option for damaged cars that may still be able to command a good price thanks to an onboard GPS, recently installed tires, engine components or extra accessories. Auto scrap dealers invest the time and energy necessary to dismember these cars completely and sell off their individual parts at profit.
  • Scrapping the car makes the vehicle’s weight the primary factor. This is usually the option taken by owners of heavily damaged auto wrecks or very old, worn out cars. The car ‘s value is taken as a function of its weight multiplied by the local per-ton scrap metal price. Prices of $150 per ton are generally common, making the average car worth $250 to $400.

From this point of view, it should be evident that you’ll get more from salvaging the car’s parts whenever possible. A single component can yield as much as a small car on the secondhand market if it is in high demand, and you never know what part auto recyclers are going to need next.

For this reason, whenever you call a junk car buyer to get a quote on the price of your junk car, you should ask them to inspect the vehicle and determine what salvageable parts there are and how much they’re willing to pay for them. You’ll be surprised at the results.

Felix writes for Junkcarmedics.com, a local company that pays cash for cars.

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