Do you have a junk car to sell? If so, you might be surprised to learn that it could contain certain metals that are higher in economic value. These are known as precious metals, and if your junk car has them, you can earn a better profit at a local scrap yard! Continue reading to learn which types of precious metals might be in a junk car, and what you can expect to earn for yours at a local cash for cars company.
What is a Precious Metal?
A precious metal is any metallic chemical element that has a high economic value, specifically due to its rare occurrence in nature, useful properties, and aesthetic qualities. In some cases, precious metal is used as currency, or has been throughout history. These metals are highly corrosion-resistant, making them great elements for jewelry, currency, and investment. The rarer a metal, the more precious and valuable it will be on the market. Common examples of precious metals include gold, platinum, silver, rhodium, and palladium.
At times, copper can be considered a precious metal when considering its uses in jewelry and currency, however, it is highly common and attainable making it “not-so-precious” of a commodity. Although not worth much, copper is a fantastic metal to sell or recycle because it can be reused over and over again for our own benefit. With the fluctuating economy in progress, valuable metals such as these retain their worth and are considered a valuable and lucrative investment.
Precious Metals in Cars
Cars, trucks, SUV’s, vans, motorcycles, scooters, and all other motorized equipment, contains one or more forms of precious metal. Virtually all motorized commodities contain copper. As for precious metals, it really depends on the vehicle’s age and condition. Modern cars are manufactured with several more computer systems than cars in the previous years, which are where the highest quantities of precious metal can be found. Computer systems like stereos, disc changers, CD players, media players, GPS systems, and backup cameras, all utilize a computer board, fitted with specialty metals like copper and gold-plated fingers.
Another auto part that contain precious metal is the catalytic converter. Catalytic converters are primarily manufactured with platinum, and high-valued precious metal. Platinum is very rare and valuable, and it currently has a great price point on the scrap metal market. And right now, its demand is sky-rocketing because it has so many advanced technological applications. Other small deposits of precious metals within catalytic converters are rhodium or palladium.
How to Get Top Dollar for Your Junk Car in Indianapolis
Call GC’s Junk Cars at 317-608-2188 to sell junk cars for cash in Indianapolis, Indiana. We offer free towing with our in-house tow truck, so all you have to do is call and accept our offer! We will schedule a time to pick up your vehicle and pay you cash. Call 317-608-2188 to request a free estimate, today.