When it comes time to sell your junk car, the very first step is to determine its realistic value. In order to do so accurately, it requires a particular formula that includes gaining a basic understanding of how scrap metal is assigned value on the market, and what factors influence your particular vehicle’s overall worth. Continue below to cover all of these speeds and more.
Junk Car Values
Junk cars are valuable because they contain metal, which is 100% recyclable, and can be melted down and repurposed infinitely. Not only does this help preserve our planet’s natural resources by reducing the need to mine for new ores, it decreases air pollution produced by metal refining factories, stimulates the economy, and much more. So although a junk car is deemed a total loss, it is still worth some cash, but the amount of cash depends on several factors.
Such factors include the current market price for the vehicle, the amount of depreciation in its used condition, the cost of repairs or replacements needed to get the vehicle back into a working condition, the make and model of the vehicle, the vehicle’s location, its present overall condition, the current market prices for scrap metal, and much more. This is why the value of one junk car is almost always different from another. However, the most important and influential factor is market value. Basically, when the price of metal is down, a junk car is worth less; and when the price of metal is up, a junk car is worth more.
How to Get a Fair Junk Car Assessment
The best way to learn how much your junk car is worth is to have it appraised, professionally. It requires certain equipment, resources, and industry knowledge to make a proper estimation. This includes metal identification technology, such as XRF analyzers, as well as, electronic scales, metal market adeptness, and much more. So who can you trust do have all of this and a commitment to customer service? The answer is in Central Indiana.
Just Call GC’s Junk Cars!
Here at GC’s Junk Cars, our Indianapolis junk car center retains advanced technologies and state-of-the-art analyzation equipment that allows us to read the type of metal in a vehicle, and the quantities present. We also look up the make and model vehicle to determine the specific percentage of metals and non-metals, then implement the proper mathematical calculations to remove the non-metal percentage from the final quote.
Contact us today at 317-608-2188 to request a free, over-the-phone quote, or more information regarding the junk car selling process. Whether your vehicle runs or not, we are ready to make you an excellent offer and take it off your hands for free. We have an in-house tow truck that will come directly to your location to pick up your junk car!