Getting rid of an unused car from your garage doesn’t have to be a challenge. Besides, you can do it and still make some cash off the process if you just know how to do it right. One of those ways is by selling your vehicle to car wreckers. You’ll eliminate the junk in your garage and earn at the same time. But the question of how much wreckers pay for these cars is essential before you start looking for the right company offering the service.
Car wreckers are companies that buy old and damaged vehicles from individuals who want to get rid of them. There are times that these companies also buy old but working cars. The car wrecker then dismantles the vehicle or sells the parts to companies that can still use them for other purposes. A vehicle’s worth depends on various factors such as:
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Brand, Model, Type Of The Vehicle
When selling your car to a wrecker, the most common factor they’ll consider is the make, car model, and type of vehicle you are selling them. Remember, a vehicle with higher valued parts will get you a better price. For instance, car wreckers Hamilton might offer you less for the usual car models since there’s probably a higher supply than demand for those cars in that area.
Naturally, some types of cars attract a higher value in the market than others. If you own a type with parts that are in high demand, you might fetch a good amount for it from the wreckers. For example, parts for trucks and SUVs tend to have higher demand, selling at a better value than most other types.
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Condition Of The Vehicle
While car wreckers will buy a car in any kind of condition, they can’t do much with a vehicle that’s been completely busted in an accident. The only thing they might be able to do with it is scrapping it for the metal parts to recycle.
A car in better condition is worth higher to wreckers because they can take the parts piece by piece. With all the savable vehicle parts taken away, then they can recycle the metal parts that make up the car frame.
An old car in good working order will provide a better price than one that’s totally wrecked. Some junkyards are interested in cars they can fix for resale rather than selling scrap metal or parts. To get more cash for your vehicle from a junkyard, it needs to have something wreckers can salvage.
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Location
Did you know that even the location of your car helps determine its worth? There are some location-specific factors that car wreckers consider. First, the price of scrap metal differs from one place to another. Secondly, the popularity of some vehicles in a particular area determines the car’s worth and parts.
Another factor is the distance of the salvage yard from your garage or where your wreck is. It’s because there are instances when the buyer will have to spend extra fees on transporting the car and its parts. If you’re near the car wrecker’s junkyard, that’s a good thing because some offer their towing services for free for surrounding areas.
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Mileage
Regarding cars, mileage is always a crucial factor in determining value. A vehicle that has been driven with more miles in its system will be worth less than one with lower mileage. It’s not just about the number, though. Higher mileage also suggests that the savable parts inside the car have also suffered a lot of wear and tear, making their value lesser than in vehicles with lower mileage.
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Demand For Spare Parts
Keep in mind, the car wrecker isn’t the customer, so they’ll only pay you a certain amount based on how much cash they think your wreck will fetch at the end of the day. Older car models with discontinued parts usually have a higher demand. In that case, they may be more than willing to offer you a higher amount than usual.
The same goes for scrap metal because the price of metal changes all the time. It is usually based on the demand and supply of the material. So like with car parts, the total amount car wreckers will give you depends on what that car is worth on the market.
Final Thoughts
Before getting help disposing of your car from a car wrecking company, you need to know the exact worth of your old vehicle. First, the price margin of the unused car depends on the market value when you sell it to the car wreckers.
In addition, some factors will help determine the value of your old car. They are the brand, model, and type of car, followed by the vehicle’s condition. These companies also consider the location, mileage, and demand for spare parts to determine the cost of the car you’re selling them. Remember, research before the transaction to make a good deal for cash from your unused car.