What is the Worth of My Junk Car?


Determining the price of a new car is not much complex compared to a junk car which has been used for long and its mileage is hitting its maximum. Nevertheless, when you call a junk car buyer, there are various factors that are put into consideration before they give you the price. To have a better understanding of the real worth of a junk car, you need to know the difference between a junk car and a used car. Let’s have a look at that.

Junk Cars Vs Used Cars

By checking the pricing guide over the internet, which is the most popular in determining the value of a used car, you will be in a better position to know the price of your car. Kelley Blue Book (KBB) has found its peg in pricing while Edmunds and NADA sites follow closely. These pricing sites are important in determining the value of your used car; they are great guides to avoid underselling or overbuying your car. In case you are dealing with a junk car, then, the price estimates in these sites might not be helpful as such.

However, if your junk car is in better condition, these prices can be a guide on how much you can sell your car. KBB, Edmunds, and NADA usually used diverse factors in determining the price of the vehicles. To have a complete picture of the real value of your junk car, you also need to add in your knowledge and expertise of your local market. But what determines the value of your junk or used car?

The Value of Junk Cars Vs the Value of the Used Cars

It is good to know that the value of a junk car is usually high in its salvageable materials. After getting estimates from the pricing sites then you can proceed to trade sites to compare the prices of your vehicle from different people. This can help you get the right value of your car.

Although it is hard to sell your junk car to a certain buyer, there is another way you can get money from that car. This is through scrap metals. You can get between $275 and $400 per ton of your scrap metal. However, these scrap prices may change depending on market volatility.

Always look for a great junk car buyer who is experienced, legitimate, and the one who has great reviews. Of course, there are inexperienced and illegitimate junk car buyers everywhere and the easiest way to know a good one is the knowledge of what comprises of your junk car before quoting a price for you. It may also be hard for you to determine the prices of scrap metals and some parts of your vehicle, hence very crucial to have a great junk car buyer.

Conclusion

Having a rough estimate of how much your junk car is worth will enhance your confidence even when posting an ad online. Always start high in case you are placing your junk car online. However, it is always advisable you go directly to a pro-junk car buyer to sell your car without hassles.