How to know the worth of a Car Catalytic Converter

A car catalytic converter is the most expensive thing inside your car. This is the compulsory equipment in your vehicle to comply on US environmental protection rules and regulations. The device protects the environment from greenhouse gases. But, it is the most common form of theft in 21^st century in the US and it is increasing. The device contains Rhodium, Platinum and Palladium as its metal catalysts. These are precious metals that are worth many hundreds of dollars. Hence, the theft frequency has hiked up as well. So, knowing your unused car’s worth is important before selling or scraping it.

Contents

• Insight into precious metals of a catalytic converter
• How to calculate your car cat converter price
• Scrap yards or Junk yards or Online Buyers

Insight into the precious metals worth reselling or scrapping

A Cat Converter contains three precious metals such as Rhodium, Palladium and Platinum.

Platinum: This is the common metal found in the making of a Cat Converter. It helps to oxidize carbon monoxide and hydrocarbons. This is mostly found in diesel vehicles. This metal is worth about a thousand dollars per ounce. Extracting the ore from the device can enable it to be in other applications like jewel making and in electronics or else can used for making new converters.

Rhodium: The other common metal in cat converter is rhodium. The rhodium’s role is to reduce nitrogen oxide emission into the atmosphere. The value of rhodium is about $20,000 per ounce due to its rarity and high demand for industrial purposes. Mining the same from deep mines costs high for labor and time as well.

Palladium: Common metal found mostly in gasoline vehicles as a cat converter. The value of the metal is triple the cost of platinum. The role of metal in automobile is conversion of 90% of harmful auto-exhaust gases to less harmful gases.

How to calculate your car cat converter price

Measuring the value of your car cat converter is a little bit tricky. You should do a thorough study regarding the same. The scrap value mainly depends on its present market value and material. The value may also vary according to the car model.

There are different types of cat converters, which also determine their worth. In the market, there are large, small, medium, domestic and foreign types.

As per the car model, the price you earn can differ. Like in Ferrari and Lamborghini, there are two cat converters, which will be between $6500 and $7000. Vehicles having larger engines like muscle cars, pickup trucks and sports cars must have larger and hence expensive catalytic converters.

Scrap yards or Junk yards or Online Buyers

Where you can sell the parts is also exhaustive to think. There are plenty of them out there. Hence, it is the highest possibility of being deceived. It is better to sell your old car to a junkyard by removing the valuable parts. Then sell the valuable parts to the different buyers or services accordingly. The most expensive component is the car cat converter. It is better to sell it to scrap yards, where they know the price of scrap metals will give you a good amount by deducting their overhead and extraction value. It might be less than selling it to an online buyer. If the converter is in absolutely good condition, try finding out a good online buyer.

Conclusion

In conclusion, car cat converter price variation depends on market value, car model, its type and its working condition. However, knowing your old car’s worth is not a trivial case. You need to study each costly part and find out the place where you can get the most.

To find more price lists of Cat Converter, check Scrapmonster's current cat converter scrap prices