Do you have a car that is damaged beyond repair? Any junk vehicle you own can take up a lot of space in your yard and be expensive to repair. So, instead of spending unnecessary cash on repairs, simply sell the vehicle. The food thing is that even totaled automobiles can be sold for scrap metal.
The question now is, how much will you get for scrap? The value differs depending on the time of the year and the buyer. But to make life easier, you can use a scrap car value calculator, according to JunkCarsUs. This will provide an estimate of how much you will get paid. It is an excellent way of ensuring that you get the best offer. Let’s continue reading to understand how this calculator works.
How it works?
Damaged vehicles are a great source of money for scrap metal. The scrap metal industry has grown 6.7% in the last 5 years. This shows that it is always in demand. Before you know how a scrap vehicle value calculator works, it is important to understand what parameters are used to determine prices. This all starts with understanding what features quality as scrap. Here are some things that your vehicle should have to fit this criteria.
When a car is deemed scrap, it has completely lost the ability to be useful. There is no amount of repairs that you could perform to make it start functioning again. When there is damage beyond repair, the best thing is to recycle a vehicle by using it for scrap metal.
Main features of a junk car
The majority of scrap junk cars also have valuable parts missing. So, instead of spending a lot of money on recovering the missing components, selling the vehicle for scrap metal is a better alternative. Other features include:
- a vehicle that doesn’t meet local requirements
- rusted vehicles with damaged details
- cars that are flooded, and so on
So now that you understand some of the things that make up a scrap car, how does a calculator determine the value? Here are some things that will influence the cost.
Scrap metal is sold based on the weight. So, the weight of a vehicle will influence the offer made. The heavier a car weighs, the more money you will get. When it is taken to a scrapyard, it will be melted and the metal extracted.
The weight gives an estimate of how much metal will be extracted. The value is calculated per ton of scrap metal extracted from your vehicle. Buyers usually estimate the weight by the extent of damage and make of a vehicle.
Make and model
Like selling junk cars, the cost relies on the make and model. For instance, classic vehicles may fetch more money when compared to newer models. The uniqueness and rarity of specific makes and models contribute to their higher perceived value even in their scrapped state.
The year a vehicle was manufactured will affect the value of a calculator. As an automobile gets older, its value depreciates. Ideally, the value of a car depreciates by 50% after 10 years. That means you won’t get a value close to what you spent previously. This value is estimated based on the current price that your vehicle would go for.
Another factor is the condition of the car. If the engine is damaged or missing, the value is reduced. Also, vehicles that have other missing parts will cost less. That is because less scrap metal will be extracted.
Easy steps to figure out the value
When selling your junk vehicle, the goal is to get rid of it as quickly as possible while making a fair deal. This is how a scrap auto-value calculator works. Here is how you come up with the value of a scrap car with these easy steps.
Step 1: Put the details
When utilizing a car value calculator or engaging in any assessment process, you only need to provide essential details about your car. This typically includes information such as:
When you submit these details, the calculator will generate the estimated value of your vehicle. Other scrap yards simply require your registration number and postal code to arrange for a pickup should you accept the offer.
So, these details are crucial and help generate an accurate estimate of your car’s value. The details can ease the process and make it smooth and straightforward.
Step 2: Get an offer
Upon evaluation of the scrap car, you will get an instant offer. You may take your time or just accept right away. The offer remains the same even if you take time to think about it. It is also crucial to see if there is transparency in the offer that allows the convenience of making an informed decision.
Whether you accept the offer immediately or take some time to think it over, the value offered ensures a fair and straightforward process. So consider the flexibility of the offer and proceed on the terms that are comfortable to both sides.
Step 3: Schedule a pickup and get cash
Once you have accepted the offer, the company will schedule a pickup date. This has to be convenient for you. Some companies offer pickups on weekends and holidays.
Once the vehicle is towed away, you will get cash. Experts usually evaluate a vehicle before making the payment. The best thing is that there is minimal paperwork.
Scrap car value calculators can help you estimate the cost of a wrecked vehicle. Using one allows you to come up with a precise amount buyers should offer. It is an excellent way of ensuring you get a fair deal based on the state of a vehicle.
Use a calculator now to estimate how much cash you should get. Selling a junk car should be easy with the right company. Always consult various professionals before selling to get a fair deal. A calculator is the first step to getting rid of your junk vehicle as you sell it for scrap metal.