Is a heavier junk car worth more than a lighter one? What about its size? Is a larger car worth more than smaller, compact vehicles? Continue reading to learn how the tonnage of a vehicle can impact its resale value, as well as, how you can make the most money from selling your junk car.
Factors That Impact Junk Car Value
When a scrap yard is looking to make an offer on a junk car, there are very specific factors they are addressing when developing an estimate. These factors vary among junk car buyers, but generally include:
✅ Make and Model – A junk car buyer will first look at the make and model of the vehicle. Some cars are more in demand in the scrap industry than others. For instance, older or rare cars containing parts that are no longer manufactured are higher in demand than current make and model vehicles.
✅ Condition – Another important factor that impacts a junk car appraisal is the condition of the vehicle. Scrappers want to resale the parts and the scrap metal within a junk car, so the more stuff that’s operational in a vehicle, the more valuable it is to the buyer.
✅ Location – Although not something you would not necessarily think to be an influential factor, the location of a junk car has a large impact on the value of an appraisal. The farther away a junk car buyer has to go to retrieve the vehicle can be subtracted economically from the final offer. Choose a junk car buyer near you, or drive your junk car directly to the complex, for a better payout.
✅ Scrap Metal Prices – The current prices for scrap metal in the United States and global economy have the most impact on how much your junk car will be appraised for. The average car is made of approximately 55% steel, 300 lbs. of aluminum, and weighs around 2.5 tons. You simply need to look at the market and do the math.
Junk Car Size and Weight
Along with the primary factors listed above, the weight and size of a junk car does play a role in its overall economic value. Larger cars contain more scrap metal, so they will be higher in value. Smaller cars contain less, and therefore, are worth less. However, there are exceptions to this rule. A totaled 2019 Porsche is likely worth more than a 20 year old pickup truck.
Where to Get the Most Cash for Junk Cars in Indianapolis
Call Benjamin’s Junk Cars at 317-218-7133 to get a quote for your junk car. Our experience junk car buyers serve all of Indianapolis and its surrounding areas, and pay cash on the spot for all junk cars, regardless of age or condition. We buy cars, trucks, motorcycles, farming equipment, construction equipment, and anything else that runs on fuel. With cash payments, free quotes, and free pickup, there is no easier way to sell a junk car in Central Indiana. Get started today!
