Scrap Car Buying Tips From a Professional Used Car Buyer
The following are the 2021 prices you can expect when it comes to selling and buying scrap cars, and what will affect the prices according to a professional used car buyer.
Current Scrap Car Prices
According to a recent report from JunkCarMedics.com, consumers can expect to junk their cars for between $100 – $200, smaller cars, $150 – $300, full-size cars, and $300 – $500 for heavier vehicles that include trucks and SUVs.
A junk car’s value in scrap is based on weight and its recyclable metal. However, some cars that still have useable parts will sell for more, but, most that are junk don’t come with any reusable parts.
So, what are prices like during the current global pandemic? And how will it affect the junk car industry? And what can you do to ensure you receive the best value for your junk car? Read on to find out.
How To Calculate Your Car’s Scrap Value
While you are bound to receive different offers when dealing with cash-for-car businesses, they will all use the same formula when determining scrap car prices and the lowest amount of money they will give you. So knowing this formula gives you a rough estimate of your vehicle’s value so you can steer clear from low ball offers.
To work out the minimum value of a junk car, multiply the weight of the car by the local price for scrap metal: Car weight in tons × Scrap metal price a ton
Why minimum value?
While some cars are stripped of their parts, most junk cars are not good enough to do that. Moreover, even if some of the parts can be sold, scrap yards will use the scrap car estimator formula to calculate the lowest income, for example, your car’s minimum value, and what they can make from it.
To learn about Get Cash For Cars Now – your trusted used car buyer, and if you live in or around the St. Louis, MO region, please feel free to call us at (314) 476-0083 anytime.