When you scrap your car, you want to be sure you get the most money from it. Some people think that it’s impossible to get money from a scrap car, but that’s not true at all. The most important thing you need to know about scrapping your car is how to find the right buyers and make sure you do proper research as far as prices are concerned. This article will teach you how to scrap a car, get the highest price out of the project, and sell it in the best way possible, so you can get your next ride in no time.
1) Have the Vehicle Inspected by a Certified Professional
The first step is to have your car inspected by a certified professional. They will appraise your vehicle and provide you with an estimate of its value based on several factors, including mileage, condition, number of dents, and accident history. A salvage inspector will also check for any evidence of major water damage or fire. If there’s a discrepancy between their report and yours, this could cause trouble in getting paid what your car is worth. It’s important to note that some areas may require a junk title if it has been totalled in an accident, but it doesn’t mean that the car can’t be used again.
2) Calculate Your Car’s Worth
Deciding what your car is worth is easy if you know how to break down the prices. Just start by looking up some information about it online. Figure out the exact year, make, model, and mileage of your car. You can find all this information on your license plate. If you have more than one vehicle, great – you may be able to calculate their combined value to get maximum cash for junk cars.
Often, your best bet is to sell them whole, or at least all together with most of their parts intact. For example, if you don’t want to scrap the engine, then remove that from the rest of the parts. Once you have done that, weigh the remaining scrap metal using an accurate scale. Find out the weight per unit of measure (usually pounds) and multiply it by the total weight of your junk metal. Get an estimate for what each pound is worth.
3) Determine if it’s Best to Sell Your Car as a Whole or In Parts
Selling your car in parts is a more practical option if you want cash quickly. The downside is that since you’re selling it in parts, you won’t get as much money. Selling your car whole will often get more money, but it could take weeks or months to find a buyer. You should also figure out which cars are worth salvaging and what they are worth before you scrap them. It might be a good idea to have this information when negotiating with scrappers so you can use it as leverage. Salvageable parts include axles, bumpers, headlights, taillights, engines, transmissions, and radiators. Some companies may not want these parts because of their condition, so don’t assume that all recyclers will accept these items.
4) Finding Your Best Buyers
While it is still possible to find small buyers that are willing to pay pennies per pound of your vehicle, the days of these smaller transactions are numbered. The best buyers today want large and heavy steel chunks that they can melt down into new products. In order to make the most money off of your car, you need to be able to separate as much metal from it as possible before scrapping it.
A few good tools will be needed for this process a pickaxe, wire cutter, or grinder with an attachment. You’ll also need safety gear such as gloves and goggles while working with sharp objects like blades. Sounds intimidating? That’s why so many people choose junkyards to get cash for junk cars. Always remember to wear thick boots when handling toxic substances like gas. If the engine is still intact, disconnect the fuel line so that gas doesn’t spill out onto you or any surface near where you’re scrapping your car.
5) Be Wary of Unscrupulous Traders
They may try and sell you a lower quality part than what your car really needs. For example, an unscrupulous trader might be more interested in making an easy profit rather than doing what is best for your car. If you suspect that a trader is trying to take advantage of you, walk away. Remember, it’s better to have nothing done than have something done poorly that could put you or your car at risk.
The Best Bang for Your Buck
That wraps up our list of 5 tips for getting the most money when scrapping your car. It’s important to remember that the max amount of cash will depend a lot on your vehicle, the condition it’s in, and how high the demand for its parts are. There is no perfect way to get the most money out of your junker, but doing your research is the most important part.