Used car buyers are often looking for a running vehicle that can be purchased as-is and driven home. When a vehicle does not meet these demands and repairing it will cost more than the sum of its parts, many people choose to sell their car for scrap.
When a junk vehicle dealer buys a vehicle some of the parts will be removed and sold in their current condition. Any remaining pieces will usually be sold for weight. The following factors will come into play when negotiating a good price for your junk car.
Not all car parts are created equally. First, the value of used parts depends largely on their available supply and current demand. For example, the first-generation battery packs of the now ubiquitous hybrid vehicles sell for fairly high dollar amounts when compared to the resale price of standard 12-volt batteries. Also, rare parts can be sold for a higher price than their more common counterparts. Likewise, parts that have experienced little use worth more than others because they are less likely to break down in the near future. Finally, a car less than 10 years old with good recoverable parts will get you more cash than older models when you sell your junk car.
Labor & Fees
The condition and accessibility of the parts will play a huge role in determining the value of your junk vehicle. For instance, a part may be in good working order, but it may be worth less to a scrap dealer if it requires extra effort to remove it from the vehicle. Accordingly, a non-working part or one that needs repairs will garner a lower price. Additionally, a junk car dealer must consider any legal requirements that may be associated with processing some car parts.
When selling your junk vehicle, many of the parts will be removed and resold. Meanwhile, the rest will be sent to a recycling facility. The prices paid by recyclers are flat rates determined by supply, so there is not a lot of negotiating room for junk vehicle dealers. Metals from cars, including steel, aluminum, and copper, will be taken to a scrap metal recycler. For example, the latest Ford F-150 uses 5000 and 6000-series alloy that is currently selling for 80 and 90 cents per pound. In addition, the plastics and fabrics used in your vehicle’s seats and carpeting, as well as the cotton insulation, can be sold to recyclers.
At any rate, a junk vehicle buyer is likely to pay more for your vehicle if it has parts that can be resold instead of just recycled for weight. Be sure to negotiate with the buyer of your scrap vehicle to ensure you are getting the most of out of what it has to offer. However, some junkyards may only offer simplistic pricing with flat rates regardless of condition, recyclability, demand, or labor. Do your homework and choose a dealer that will appreciate all the resale value your car has to offer.
Or reach out to IBJV today to have them take it off your hands!