Determining The Value For Your Scrap CarPosted on 09 November 2015
Since the 1950’s, North Americans have had a love affair with cars. They were a symbol of freedom, rebellion for youth, and status for adults. The boom in auto production in the post WW2 era was a result of increased production capacity thanks to the war effort, along with the social invention of the suburbs. People wanted to settle down with their families in a nice house with a white picket fence, but they still needed a way to travel to the city for work. The answer was the automobile, and cars have become commonplace in our world ever since. Unfortunately, over time, every car wears down and eventually needs to be replaced. At this time, you can sell your current vehicle to a private buyer for parts, or scrap the entire car. A scrap car is an environmentally friendly way of disposing your unusable vehicle that can net you a great return. A few factors are at play when determining the price of your scrap car, so let’s explore a few more in detail.
Factors to Decide the Value of Your Scrap Car
One of the most important factors that determines the price of your scrap car is the actual model of the car. A scrap car is often only as valuable as its functional brothers and sisters still on the road in terms of popularity, demand, rarity, and so on. For example, let’s say your scrap car is a 2007 Honda Civic, one of the best-selling cars in the country. If you were to contact a scrap metal recycler like Tal Metals Inc., they would base part of their price for your scrap car on the supply and demand for the parts of your scrap car. If a lot of Honda Civics were recently scrapped, there would likely be a large supply of parts, and the price for your scrap car would be lower, even though there are still plenty of Honda Civics on the road. However, if very few Honda Civics were scrapped because they’re such a reliable vehicle, your scrap car and its parts would be in high demand because the cars on the road will still need replacement parts. The price of your scrap car, therefore, would go way up.
Another much simpler metric for determining the price of your scrap car is the weight of the vehicle. An easy way to calculate this number is to look up the manufacturer’s post-production weight of the vehicle. The heavier the vehicle, the more scrap metal present, so the more your scrap car is generally worth. Obviously a more expensive vehicle will have more expensive parts and higher value metals present, but as a general guide, the heavier your scrap car, the more valuable it will be. The price of scrap metal also varies over time, so contact a scrap metal recycler like Tal Metal for more info on the prices of various metals.
Providing your scrap car to a scrap metal recycler is a great decision, and it’s not one that you want to delay. Waiting to dispose of a scrap car can impact its value, so if your car has bitten the dust, don’t hesitate to call a reputable scrap metal recycler like Tal Metal Inc. to get the best price possible for your scrap car.