How Much Can I Scrap a BMW For?

Posted on February 25, 2022 by Benjamin

When it comes to scrapping your junked car, you probably already know that its value will be significantly less than a non-junked or totaled vehicle. However, you have a BMW. Does that mean your junk car is automatically worth more than one that is a non-luxury brand? The truth of the matter is, junk car values are always evolving because they depend largely on the current market prices of steel and iron, as well as several other factors, like supply and demand, global tariffs, and even smaller factors like the location of the vehicle and its remaining parts. These factors, plus many more, will ultimately determine how much your junked BMW is worth.

Continue reading to learn more about determining the price of a junk car, plus where you can get the most profit for your junk BMW in central Indiana.

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Calculating the Worth of a Junk Car

You might have heard stories of getting $500 to $600 cash payments for junk cars, but the economy has greatly shifted since those decades. Right now, the worth of a junk car is mainly determinate based on the quantity of metal within and the current scrap metal market. The current scrap metal market fluctuates depending on several sub factors, such as supply and demand, global demand, global trade tariffs, and much more.

Top 2 Factors That Affect the Scrap Metal Market:

▷ Quantity of Metal

The more metal in a junk car, the more it will be worth. Metal within a junk car is weighed as a base calculation for generating a junk car offer. Primary metals within a junk car are steel and iron, but there are also other valuable metals within if the parts are still there, including aluminum, copper, platinum, rhodium, palladium, cobalt, and even gold.

▷ Global Economy

The global economy, specifically the supply and demand of the sought-after metals within cars, plays a major role in the overall worth of your junk BMW. The global economy fluctuates on a daily basis, which can give rise to or trigger decline in the values of certain metals on the market.

Look For Localized Details

In addition to the scrap metal market, the worth of a junk car is also calculated based on its make, model, condition, location, remaining auto parts, difficulty of tow, and any related fees for junk car removal. For these reasons, it is important to choose in Indianapolis junk car company that provides free junk car removal and never tax on hidden or surprise fees to their offers.

BMW Junk Car Value

Steel and iron are the primary metals extracted from junk cars in the auto salvaging industry. Right now, their values are low. Whole junk cars are estimated at a value between $100 and $300. Newer model junk vehicles can deliver profits closer to 500 or $600. When you deduct all factors, you can safely assume to get between $100 and $400 for your junked or totaled BMW.

If you have a total or junk BMW in Central Indiana that you want to sell for the highest amount of money possible, you are in the right place. Contact Benjamin’s Junk Cars at 317-218-7133 to get started with the junk car selling process in Indianapolis, Indiana. We offer free junk car removal and pay cash on the spot!

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Frequently Asked Questions About Car Tires in the Winter

Posted on February 15, 2022 by Benjamin

Whether it is your first winter as a licensed driver and car owner or you have just recently moved here, where conditions are a bit wintrier than you’re used to, winter car tire knowledge is an important asset you will need to be as safe as possible. Continue below to review some frequently asked questions about car tires and winter weather, from tire pressure and routine care to snow tires, standard tires, tire replacement, and more!

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Winter Car Tire FAQS We All Need to Know

How Do I Check My Tire Pressure?

Tire pressure is incredibly important in terms of road safety, driving safety, and car care. Tires should not be overinflated nor underinflated. In the winter, tire pressure tends to drop significantly due to the colder temperatures. In fact, it is recorded that tires lose 1 psi of tire pressure for every 10 degree Fahrenheit the temperature drops.

For this reason, it is important to check your tire pressure on a monthly basis. Use any standard tire pressure gauge, either manual or digital. Simply volume manufacturers’ instructions in your vehicle’s owners’ manual.

Your vehicle, especially if it’s a newer model, should have a tire pressure monitoring system (TPMS) that monitors the air pressure in your tires. This system will notify you through an illuminated icon on your dashboard whenever your tire pressure is too low or too high.

What are the Benefits of Snow Tires?

Snow tires, or winter tires, deliver a wide range of benefits. They are designed to have a more flexible tread rubber compound, which allows for better traction and stability on wet or slippery road surfaces. Whether ice, freezing rain, slush, hail, or snow, having a set of winter tires will protect you against losing control of your vehicle due to the wintry conditions.

Do I Need Snow Tires?

Whether or not you need snow tires really depends on your personal driving habits. If you live here in Indiana where snow and wintry conditions are virtually guaranteed year after year, winter tires are a wise investment. They will also serve you well through the fall and well into the spring, during raining conditions. If you do not drive very often, all-season tires may be the best option.

Should I Remove Winter Tires for the Summer?

Winter tires, or snow tires, are meant for the icy, freezing conditions of the winter season. So, once the temperatures begin to steadily rise, it is important to swap out your snow tires for some summer or all-season tires. Then, swap them back out again once temperatures start to drop in the late fall.

Do My Tires Have to Be the Same Brand?

When replacing a tire or two, you may wonder if you need to stick with the same brand. Well, you do not, but it is highly recommended. Overall, so long as all tires are the same size and relatively the same tread wear, the brand of the tire should not make much of a difference.

Have you just totaled your vehicle as a result of winter conditions, and you have no idea what you’re going to do next? Contact Benjamin’s Junk Cars at 317-218-7133 for free junk car removal in Indianapolis, Indiana. Not only will we tow your car away from the accident for free, but we will pay you cash on the spot if you sell it to us!

Have You Winterized Your Car Yet?

Posted on January 31, 2022 by Benjamin

Winter has been in the making since December 21^st of last year. Have you prepared your vehicle for the wintry conditions the season brings along with it in Indiana? If not, continue reading to review some top advice on how to winterize your car or truck, plus what you can do if the winter gets the best of your vehicle this year.

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Automotive Maintenance to Prepare Your Car for Winter

When you want your vehicle to perform optimally through the winter in terms of safety and efficiency, it is necessary to implement specific automotive maintenance. Many industry professionals and enthusiasts refer to this as “winterization” or “winterizing a car.” The basic approach to winterizing a vehicle, whether car, truck, van, or sports utility, includes tire care, fuel stabilization, fluid fill-ups, and brake care.

Tire Care

The colder climate in winter can cause your tires to lose air at a faster rate. Not only should you inspect your tire pressure before every drive, but you should also have your tires inspected and serviced by a professional shop to ensure they are prepared for winter conditions. A tire rotation and balance are usually all you need, but you might have to replace a tire or two. Traction is essential when it comes to ice and show, so do not skip this maintenance!

Brake Care

Along with tires, your brakes are the most important safety feature on your vehicle when it comes to traction and control. Have your brakes inspected and serviced to ensure safe winter driving. You may need to replace your brake pads or rotors, or even refill your braking fluid.

Car Fluid Fill Ups

Your vehicle, no matter the make or model, requires 7 essential automotive fluids. Although windshield wiper fluid isn’t always necessary in the winter, the remaining six certainly are. They include motor oil, power steering, brake, coolant, battery, and transmission fluid. Be sure your vehicle is filled up before hitting the winter roads.

Fuel Stabilization

Sometimes the weather can get so cold, your fuel can freeze up or go bad, which can also affect the carburetor. This is more common in vehicles that are parked outdoors. Adding a fuel stabilizer to your tank can help prevent your fuel from gumming up, becoming contaminated, or freezing.

Has your vehicle seen too many winters and now it is a total loss? Contact Benjamin’s Junk Cars at 317-218-7133 to get a quote from an experienced Indianapolis junk car buyer who will pay you the highest cash payout for totaled cars in Central Indiana. We provide free junk removal!

How to Dispose of Toxic Car Parts and Materials

Posted on January 11, 2022 by Benjamin

Not all car parts and material are bad for the environment, the ones that are should be carefully disposed of according to all local, state, and EPA regulations. The top three most toxic automotive parts and materials are car batteries, old motor oil, and old gasoline. Continue below to learn exactly how to get rid of each automotive part, safely and within the boundaries of the law.

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Old Gasoline

There could be many reasons why you have old fuel stores in your possession. Whether you are siphoning a junk car that is being prepared for salvage, storing fuel for lawn and construction equipment, or keep back up gasoline for your motorized bikes, it is important to periodically inspect your fuel to ensure it is still good for use. Gasoline and other forms of fuel do expire; and once expired, they lose their optimal function.

So, how do you throw out old gas and diesel? The answer is, responsibly. You must contact your local waste management center or garbage facility to inquire about the local regulations for fuel disposal. In most cases, you will be instructed to drop the fuel off at their disposal center. If they do not have answers for you, contact the city’s hazardous waste disposal program. They should be able to instruct you on your options. Regardless of which option you choose, you must have all fuel stored in government-certified containers, like the conventional red, plastic cans you see at gas stations.

Car Batteries

You might think car batteries are unsuspecting hazards, but the reality is that they pose several environmental threats if not disposed of properly. Old car batteries contain unsafe and toxic materials, like lead, sulfuric acid, and chemicals. To get rid of an old car battery safely and legally, you must follow the same steps as you would for old fuel disposal. Contact your local waste management center. However, car batteries are 100% recyclable, so your best course of action would be to take it to an Indianapolis auto salvage lot for safe recycling. You may even earn some cash!

Dirty Motor Oil

Dirty motor oil, if improperly disposed of, can cause a significant amount of harm to the local environment. To safely throw out dirty motor oil, contact your local Household Hazardous Waste collection center. Your community may have a designated oil collection tank or container for public use. If you do not have access to a community collection center, you may have luck with local auto repair shops, oil change garages, and service stations. Businesses like these sometimes advertise as an oil collection site, but typically charge a fee.

Do you have old car parts or an entire junked car that you would be willing to sell for cash on the spot? Of course, you would! Contact Benjamin’s Junk Cars at 317-218-7133 to sell junk car parts in Indianapolis, Indiana. Get a free quote, today!

What You Need to Tow a Toyota Prius

Posted on December 31, 2021 by Benjamin

If you have a stalled or totaled Toyota Prius that requires a transport, you may be able to accomplish the job on your own. This can save you a lot of money by avoiding the need for professional towing service. If this sounds like an endeavor you’re up for, continue reading to learn which supplies and tools you will need to tow a Toyota Prius, plus a few tips on how to get the job done safely.

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Toyota Prius Towing Supplies

The towing supplies you need to transport your Toyota Prius will include a rag, Flathead screwdriver, wheel nut wrench, towing eyelet, and some towing cable. You can find all of these tools and supplies at your local hardware or home improvement store, or through an online retailer of your choosing.

You should be able to acquire all of these things for under $50. Your Toyota Prius may already have a wheel nut wrench and towing eyelet next to the spare tire and jack. Only use a towing eyelet that is specifically made for a Toyota Prius, preferably the one that came with your car.

In addition to your supplies and tools, you will also need a towing dolly or wheel lift. These can be a bit pricier, but many places will rent them for a lot less than wholesale price. You will also need another person to drive either the towing vehicle or the Prius.

What You Will Need:

▶ A Towing Driver
▶ Flathead Screwdriver
▶ Wheel Nut Wrench
▶ 6 Inch Towing Eyelet
▶ Towing Cable
▶ Rag

Towing Recommendations for a Toyota Prius

In all cases of towing a Toyota Prius, the manufacturer strongly discourages using a sling type tow truck. Instead, they recommend flatbed towing as the best option. If flatbed towing is not possible, the next recommended method of towing a Toyota Prius is to use a wheel lift truck, which will work like a dolly or dinghy tow depending on which end of the car is on the road.

The front wheels of your Toyota Prius should be on the wheel lift truck, and the wheels should not be able to rotate. If the rear wheels of your Toyota Prius are connected to the wheel lift, then the front wheels should be on a towing dolly.

How to Tow a Toyota Prius

Start by setting up your wheel lift and/or tow dolly. Refer to manufacturer’s instructions. You can look them up online if you do not have the original literature.

Remove the eyelet cover on the front bumper of your Toyota Prius. It looks like a square metal panel, slightly offset from the center of the bumper.

If you have trouble opening the eyelet cover, wrap your Flathead screwdriver in a rag and then wedge it in to use it for leverage. This will prevent scratching or damaging your car.

Screw your towing eyelet into the space provided beneath the eyelet cover. Begin this step manually, by hand. Next, use your wheel nut wrench to further tighten the eyelet into place.

Once the eyelet is secure, start up the engine. The car must be on so that you can shift the gear into neutral. Shift into neutral and then release the parking brake.

Remain in the Toyota Prius to help steer and use the brakes as it gets towed. This is mandatory.

Have the second driver connect the towing cable from your Toyota Prius to their towing eyelet. Be sure they remain under 18 miles per hour, which means you will need to avoid highways.

Be sure to not brake suddenly or start abruptly, as this can cause the towing eyelet to pull free.

Is your Toyota Prius totaled but not covered by insurance? Contact Benjamin’s Junk Cars at 317-218-7133 and sell a junk car in Indianapolis, Indiana for instant cash on the spot. We offer free junk car removal too!

Do Not Believe These 3 Myths About Car Insurance Coverage

Posted on December 13, 2021 by Benjamin

Tall tales and misconceptions have long contaminated the information surrounding modern-day automotive insurance. If you drive a car, you should have liability coverage in the least for your vehicle. Additional insurance advice can be sought out through your local insurance companies or representatives. In the meantime, to protect yourself from falling victim to any tall tales or conspiracy theories about your insurance, be sure to cover your tracks with the right knowledge.

Continue below to learn the top 3 myths about car insurance, plus what you can do if you total a vehicle that is not covered under policy in Indiana.

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Top Auto Insurance Myths

Red Vehicles Cost More Money to Insure

Are red cars more expensive to insure? Although a common myth in the automotive insurance coverage, it is not more expensive to buy car insurance for red colored vehicles. In fact, the color of a car has absolutely zero influence on how much you are quoted for coverage. Instead, car insurance quotes are calculated by taking into consideration the make, model, engine size, and body type of the vehicle, plus the age, credit history, and driving record of the listed driver. Additional factors that may apply include the car’s sticker price and safety record, as well as theft statistics.

You Can Avoid Rate Increases By Not Reporting an Accident

Many drivers consequently assume that if they do not report their accident to their insurance provider, they can protect their policy rates from increasing. But this is not necessarily true. Unless you were the only party affected in the accident, there is a good chance your insurance company will find out about the accident whether you report it or not.

If the other driver is injured, they will report the accident with their own insurance company, who will then file a claim with your insurance carrier. Also, if you are ticketed at the scene of the accident, your insurance company will be automatically notified since it will appear on your driving record. Moral of the story here: unless it is a minor incident, you will need to report it to your insurance provider.

Auto Loans are Paid Off By the Insurance Company if You Total Your Car

Do not believe anyone who says your car insurance policy will pay off the remaining auto loan on your vehicle after totaling it in an accident. Whether the accident was your fault or not, car insurance only pays claimants the fair market value of a car, which may not be equal to the remaining loan balance. Fair market value is what the original cost of a vehicle minus depreciation.

For instance, if you purchased your SUV for $30,000, and now have $21,000 left on the car loan, but the fair market value is estimated at $17,000 after you total it, you will be responsible for paying the remaining $4,000 on the auto loan since the insurance company will only pay out $17K.

Have you totaled your car but you do not have auto insurance coverage? Contact Benjamin’s Junk Cars at 317-218-7133 to sell your junk car in Indianapolis for cash on the spot! We serve all of Central Indiana with FREE junk car removal!

Frequently Asked Questions About Total Loss Car Value

Posted on November 19, 2021 by Benjamin

Insurance is a complex thing. The average person is not expected to know all of the terms and conditions, nonetheless the restrictions and limitations, of their auto insurance policy. So, after totaling your car, it is perfectly acceptable to have questions about your coverage and how much you might get.

Continue reading to review some frequently asked questions about total loss car value, including how total loss is determined by the insurance company, why your insurance payout might be less than your auto loan, your expectations when you still owe on a totaled car, and an easy alternative to earning fast cash for a totaled car in Central Indiana.

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Total Loss Vehicle FAQS

When it a Car Declared a Total Loss?

Insurance companies declare a vehicle a total loss in one of two scenarios: 1) the cost to repair the vehicle back to the pre-accident condition exceeds its actual cash value (ACV), also known as fair market value, or 2) the cost to repair the vehicle exceeds a percentage of its fair market value.

For instance, if your car’s actual cash value is currently estimated at $3500, but the cost to repair it back to its pre-accident condition is $4500, your insurance carrier will likely declare your vehicle a total loss.

If your state has a set total loss threshold, an insurance company will declare your car totaled if the cost to repair it exceeds a certain percentage of its actual cash value. For instance, if the state’s total loss threshold is below 60%, and the cost to repair your vehicle is more than 60% of its current fair market value, it will be deemed a total loss.

Why is My Insurance Payout Less Than My Auto Loan?

Sometimes after totaling a vehicle, an insurance policy owner will discover that their insurance payout is less than the original value of their auto loan. There are many reasons why this might occur. First, keep in mind that cars depreciate in value, even more rapidly after leaving the dealership. Other reasons why your insurance payout is not enough to pay off your loan is because 1) you do not have gap insurance, 2) you have a previously rolled over auto loan, or 3) an extended warranty was included in your car loan. In the third case scenario, you may be entitled to a refund on any unused warranty if you totaled your car.

Do I Have to Pay the Remainder of My Auto Loan After Totaling My Car?

Yes, you will be responsible for paying the remainder of your auto loan after totaling your vehicle. You can choose to pay off the balance right away or you can contact your insurance carrier and negotiate a higher payout. Although rare, your carrier may agree to cut you some sort of roll-over deal or new policy discount.

Will Insurance Pay Me if I Keep My Totaled Car?

If you want to keep your totaled vehicle after wrecking it, you likely can. Most policies do allow clients to do so. But beware; there is plain language insurance policy that revokes or lessens auto insurance payouts. Some automotive insurance policies will pay a client the actual cash worth of the totaled vehicle, minus any deductibles or fees owed by the client, and still allow them to keep ownership of their total loss car.

How Can I Sell a Totaled Car in Indianapolis?

The best way to sell a totaled car in Indianapolis is to choose a junk car buying company that pays cash on the spot. Many cash for cars companies in Indiana will send a check in the mail that sometimes never even arrives. Other auto salvage companies will pay in alternative forms of cash, such as money orders or checks. Receiving cash on the spot is the best way to earn a profit off of a totaled car. Be sure to also choose a company that provides free junk car removal so that you do not have any hidden fees deducted from your offer.

Are you looking for a responsible Cash For Cars Company in Indiana that can meet and exceed all of your expectations for profitable junk car selling? Contact Benjamin’s Junk Cars at 317-218-7133 to sell a total loss car in Indianapolis, Indiana for cash on the spot. We provide free junk car haul away, so all you need to do is call!

How to Get Rid of Old Gasoline

Posted on November 4, 2021 by Benjamin

Many car savvy people wrongly assume that old gasoline is harmless since it loses its combustibility over time. However, there is no room for risk when it comes to old cans filled with gasoline. It is your duty as a respectable citizen of your community to ensure that you are getting rid of gasoline, safely and responsibly.

Continue reading to learn how to dispose of old gasoline the right way.

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Safe and Legal Gasoline Disposal

It is important to understand that you cannot simply toss old gasoline in the trash cans and set it on your curb for garbage collection day. Old gasoline, although less combustible, is still a dangerous chemical that can pose countless health and safety risks to you and those in your community. Regardless of combustibility depreciation, old gasoline is still flammable, and therefore still dangerous.

Be a Good Citizen and Know the Laws

Old gasoline is typically unusable, which is why many people find themselves in need of a disposal route. Whether you are draining motorized lawn equipment for the season, emptying the fuel tank in a junk car you are preparing to sell, or storing a surplus of gasoline that has now expired, the method in which you choose to dispose of it matters.

Not only is it important to dispose of old gasoline for the safety and preservation of our local environment and the citizens within our surrounding communities, but it is also important for legal purposes. Many jurisdictions have strict regulations and legal requirements for gasoline disposable. It is important to check with your local county to ensure you are following the proper gasoline disposal procedures. Not sure where to begin?

Here is the standard process of gasoline disposal:

1. Check the Quality

Start by inspecting the gasoline to see if there is any chance it can be reused. Old gasoline may still be reusable if it smells moderately fresh and retains clarity. In order to reuse gasoline safely and effectively, you will need to dilute it with fresh gasoline first.

2. Find a Local Hazardous-Waste Center

Your next step is to find a local hazardous waste disposal center that will accept your old gasoline. You can contact your local police department, county clerk’s office, or garbage management company for answers to your fuel disposal questions.

3. Transfer it to a Government Certified Container

Most likely, your gasoline is already stored in a container that is government approved and certified. If not, you will need to transfer your old gasoline into a government certified container before transferring it to a local hazardous waste disposal center. The conventional red gas cans you see in the store and at the local gas station are government certified containers.

4. Secure Your Cargo for Transportation

Once your gasoline is transferred to government certified containers, it is important to secure them inside your vehicle to avoid spillage in transit. It is recommended to put a box in your car and line it with plastic tarp. Then place the gasoline cans inside to reduce movement during the trip.

Have you just finished draining your junk car of gasoline and now you’re ready to get started with the selling process? Contact Benjamin’s Junk Cars at 317-218-7133 to sell your junk car in Indianapolis for cash on the spot! We serve all of Central Indiana.

How to Fix an Engine Clicking Problem

Posted on October 28, 2021 by Benjamin

Your car engine should sound strong and healthy. It should not sound like it is struggling to run. Clicking noises are a common inquiry among drivers who wonder whether their car engines are on their last lap. Continue reading to learn what might be causing the clicking sounds in your car engine, how it can be repaired, and most importantly, how to solve an engine replacement budget conundrum.

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The Problem With Engine Problems

Clicking and ticking noises are a common car engine issue, and one that requires immediate attention. The longer the noises continue, the more internal damage can be caused, which can ultimately total your motor. Additionally, car engine problems can have an impact on other automotive parts and systems, which can also impact fuel economy and cost savings. Overall, an engine problem is something that should be addressed right away, otherwise it will lead to further automotive damages and failures.

Diagnosing the Cause of Engine Clicking

Why is your car engine ticking away? Well, it could be for a number of reasons. From exhaust leaks and engine fan malfunctions to defective spark plugs, low oil pressure, ignition glitches, and even loose or sticky parts. It could just be from normal wear and tear from old age. It is important to have your vehicle inspected and diagnosed by a licensed mechanic to know for sure what’s behind your engine clicking problem.

Most Common Causes of Engine Ticking and Clicking:

Low Oil Pressure – Low oil pressure means that your vehicle does not have an adequate level of motor oil or has low quality pressure. With these two failures at play, certain internal parts are not properly lubricated, such as cam shafts, cam adjusters, rockers, and lifters. Topping of the oil usually helps, but you may need some minor parts replacements too.

Defective Spark Plugs – Faulty spark plugs could also cause a clicking or ticking noise if they are too old or improperly seated inside the engine. You can try to loosen and re-tighten your spark plugs to see if that stops the clicking. Otherwise, you will need professional spark plug replacement.

Loose Engine Fan – Loose parts within the engine fan, like blades, shroud, bolts, or clips, can cause ticking and clicking as the motor runs. To correct this problem, you will need to take your vehicle in to a mechanic for service.

Leaky Exhaust – Exhaust system leaks are common causes of engine noise, especially clicks. Leaks in the exhaust manifold are generally caused by a blown head gasket but can also arise from broken manifold studs and bolts.

Totaled Engine Could Mean a Totaled Car

If your car engine requires replacement, but the cost to purchase and install it exceeds the current market value of your vehicle, your car could be totaled. But not to worry. You can sell your totaled car to an Indianapolis junk car buyer and put that cash towards a new ride! You can also sell your broken car engine to a Cash for Cars Company in Indiana!

Are you ready to sell your totaled vehicle for cash on the spot? Contact Benjamin’s Junk Cars at 317-218-7133 to sell your junk car in Indianapolis for cash on the spot! We serve all of Central Indiana.

3 Factors Used to Calculate Junk Car Actual Cash Value

Posted on October 15, 2021 by Benjamin

If you are preparing to sell a junk car, you will come across the term, Actual Cash Value (ACV). This term is important to the total profit you make from your junk car. To calculate the actual cash value of a junk vehicle, you must use 3 impressionable factors. Continue reading to learn which 3 factors are used to calculate junk car ACV, and where to get the most money for yours in Central Indiana.

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Actual Cash Value for a Junk Car

Although there are various other factors used to calculate the actual cash value of a junk car, the top three most impressionable factors include book value, fair market value, and the replacement cost. Additional factors might include the age, make, model and condition of the vehicle, as well as the location, difficulty of removal or transport, and the particular discretion of the buyer.

❶ Fair Market Value

Fair market value is similar to the blue book value, but not entirely the same. Both values are often used in combination to estimate the worth of a vehicle. Fair market value is also referred to as wholesale or retail value among auto dealers. Because of the ambiguous definition, fair market value is often used to the insurance company’s advantage when claiming a total loss vehicle.

❷ Book Value

Book value is the closest value to actual cash value (ACV). It is best described as a vehicle’s common value. Top resources for finding book value are Kelly Blue Book, NADA, and similar book value directories.

❸ Replacement Cost

Replacement cost is the retail market value of the same car when purchased brand new, minus a set standard of depreciation and damages. If you were to total your car right now, the money you would receive from the insurance company would be the replacement cost. This factor is mostly used for newer model or brand new vehicles.

Calculating the value of a junk car is done differently all across the nation. It is important to check with your local and federal laws to ensure that you are receiving a fair offer for your junk or total vehicle.

Are you looking for a trusted cash for cars company in Indiana that will pay you top dollar for your vehicle? Contact Benjamin’s Junk Cars at 317-218-7133 to sell a junk car in Indianapolis, Indiana for cash on the spot. We provide free junk car haul away, so all you need to do is call!