When trying to figure out what to do with a junk car, the first thing that comes to mind is “sell it to a junkyard near me!” A great idea, but it begs another question: “what can I get for my junk car from junkyards near me?”
How Much Can I Get From A Junkyard?
If your car has met the grim reaper, your usual next move is to sell it to a junkyard in order to get some quick cash. On average, junkyards pay out between $200-$500 for a car that’s already bit the dust.
A car that can still run will fetch more money than an absolute broken-down vehicle. Cars missing some of their components will also garner less money, especially if you’re missing your engine, transmission, or catalytic converter.
Why Don’t They Pay Out More?
You’re probably wondering why your car isn’t netting more profit from the junkyard. Well, junkyards don’t base their payout on the market value of the vehicle. A junk car is no longer going to be transporting people, so its value as scrap can be as low as 20% of its standard value.
Running vehicles will get greater consideration from the junkyard. They take into account the amount of money they can make by reselling parts of your car. If your car has rare, high-demand parts, you’ll get a greater payment offer than if they were not.
Furthermore, scrapyards will purchase non-running vehicles for the price of their metal. Through a formula involving the weight of your junk car and multiply that by the price of its scrap metal, which they will pay you a percentage of, minus the costs of business.
Some of these costs of business are pick-up fees and storage costs. While storage costs are typically unavoidable, towing should be something you never pay for from a junkyard. Shop around until you find a junkyard that tows for free.
Getting The Most Money From A Junkyard Near Me
No one wants to feel like they’re getting “hustled” for their junk car. Unfortunately, junkyards will low-ball how much they’ll pay for your vehicle if they can get away with it. While you know the amount you’ll get paid won’t be anything earth-shattering, it still helps to get a fair value on your junk car.
To avoid getting lowballed and get paid a satisfactory amount instead, you can call around to different junkyards and get multiple quotes. You can also find junkyards as close to your vehicle’s location as possible. This minimizes the cost of towing (if there is one) because most junkyards charge per mile. Minimized costs mean maximized profits for you!
Sell Your Car With CarJunkYardsNearMe!
When it comes to getting you the most satisfactory amount of money for your junk car, CarJunkYardsNearMe is your go-to!
Reach out to us via phone or through the “get an offer” button, and get a quote for your vehicle within 90 seconds. We can get you a satisfactory quote without you having to spend hours calling around to junkyards or searching for numbers that may not be listed.
Once you accept our quote, we can schedule a pick-up within 24-48 hours of your acceptance. A driver will come right over to tow the vehicle, free of charge, and you’ll have a check in hand.
We pride ourselves on ensuring you feel satisfied in our transaction from initial contact until the vehicle is off your hands. Get your offer today!
Frequently Asked Questions
How Do I Find The Scrap Value Of My Car?
The scrap value of your car is determined by its weight and the current prices of scrap metals. Scrap metal prices vary based upon multiple factors, including time of year, location, and the market itself.
Regardless of the scrap prices around the world, CarJunkYardsNearMe does our absolute best to get you a satisfactory payment for your junk car. We stay on top of the fluctuations in scrap metal prices so you don’t have to bother yourself with that!
Will A Junkyard Take A Car Without A Title?
While it is preferred for junk cars to have their title before junkyards accept them, it is not explicitly necessary. Junkyards will still accept vehicles without a title as long as other proof of 100% ownership can be shown.
This proof can be a Bill of Sale. File a copy with your state’s department of motor vehicles when selling your junk car to a junkyard. What this does is absolve you of any responsibility regarding the vehicle.
