How to sell your junk car or vehicle

Is your beloved vehicle staying in your garage for too long? Are you having jumbled thoughts about how to scrape your car and its scrap value?

Then you are on the right page. Follow the article right down to get some fair insights regarding junk car scrap and its recent scrap metal rates.

Contents

• What is a junk vehicle?
• What is worth: Selling or Scraping?
• What are the factors part in scrap value?

What is a junk vehicle?

A junk vehicle, also known as a scrap vehicle, is one that has been on the road for at least 15 years. This may have damaged parts as well. These kinds of vehicles should be either sold or scraped through reputed corresponding dealers. Any vehicle that is not roadworthy can be made scrap-worthy, which earns you penny. It’s a common saying that an old vehicle is valuable due to its valuable components inside and its body metal.

What is worth: Selling or Scraping?

Selling or scraping, it is a bit confusing, and it all depends on your interest. If you’re just looking to get rid of your old car, then selling is better. But when money comes first, scraping is the best choice. You should go for scrap over selling if your vehicle gets less than $500. Selling your old vehicle at a fairly good price is not possible, as depreciation will affect its value. But you will get a good amount when scraping it. It includes the value of the metal used and the components inside.

What are the factors part in scrapping and scrap value?

Now that you have landed to scrap your old car, don’t jump the gun; you need to look into these below factors before going to a scrap yard.

• Make sure the dealer is a licensed one.
• Remove the license plate.
• Clean your car before giving it to scrap.
• Remove the useful parts like tyres, rims, bumpers, electronics, and air bags, exhaust systems, etc. You can earn extra cash for these items.
• Own your title before the process and do the documentation properly.
• Cancel the insurance
• Get a good quote

Factors that affect the scrap value

• Metal type: The car metal used may be copper, steel, or aluminium. The value of these metals varies as per global demand and market conditions.
• Condition of the car: If your vehicle is still in good condition, you will get a nice price.
• Make and Model: Your vehicle’s make and model also determine its scrap value. Some models use advanced metals, which will have high demand in the market and account for higher value

Summing up, scrapping yields you more penny rather than selling it. Selling is also a good option if your car is still excellent in its function and parts inside. But instant money is your need, go for scrapping and resale its components at its best price. Always know your car’s present worth in the market and do some research before making a deal. To get more insights into current scrap metal rates and learn more about yards near you, follow Scrap Monster.