Top Factors That Determine Scrap Car Value

A junk car that is no more functioning and standing in the garage for years has some value which is called a scrap car value. Several factors determine the scrap car value and some most important of them are given below. Let's have a look!

The Model/ Make

The model or make of car is the first factor that determines the price of a junk car. It also defines the current market value of the car and its parts. Since junk cars are valued differently, depending on the problems that they happen to have, the worth of a scrap car ranges from 20 to 40 percent of the car's used value.

Vehicle Condition

The vehicle condition decides what a buyer will be able to do with it. Will they restore it or re-sell the car? Will they sell the spare auto parts? Or will they turn it into scrap metal and then sell it? If your junk car has problems that prevent it from running efficiently on the road, you can ask for more cash. However, the overall car condition plays a vital role in determining value. Scrap car buyers pay a good amount if the car condition is excellent.

Demand For Parts  

The demand for car parts also plays a huge role. If you have an old or broken down car that costs high for repair, its parts still have some value. The concept is as simple as; the higher the demand, the stronger the value. If other people having the same car need repairs, then its demand will be greater. Moreover, if your car model is unique and not easy to findable, then it will also have good value.

Location Of The Vehicle

Last but not least, your junk car location will help to determine the price. There are several location-specific factors to consider:

• The scrap metal price varies from region to region.
• The demand for specific vehicles in a particular area will determine the market rate of cars and their parts.
• The distance of the salvage yard determines whether the scrap car buyer will have to invest extra money in transporting the car.

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