What Does a Junk Car Appraiser Look For?

When you have a junk car to sell, your top priority is probably to make the most money you can. However, you can’t achieve your goal of retaining a decent profit unless you first choose the right junk car buyer. There are literally hundreds of so-called “junk car buyers” in your area, but not all are true, industry professionals. Many are con artists, scammers, and what you would call a “fly-by-the-night” business. Instead, look for a trusted Cash for Cars company that can offer the best payout for your junk vehicle. A reputable junk car buyer uses a systematic, concentrated approach to appraise scrap vehicles and estimate a fair offer.

Continue below to learn what a junk car appraiser looks for when building their estimates.

Indianapolis Junk Car Buyers
Sell Us Your Junk Car! 317-608-2188

Junk car buying companies accept all scrap vehicles and motorized equipment, regardless of age, make, model, or condition. However, these same factors will influence the overall value of a scrap vehicle. When you schedule your junk car appraisal, the appraiser will arrive and look for several factors to determine the overall scrap value of your vehicle, but the top 4 include:

Vehicle Location – The location of your junk car has a small, yet nominal impact on the overall appraised value. This impact is not the same across the board, and instead, varies from company to company. To reduce this impact, choose a junk car buyer that offers free towing and haul-away, so that you will not have to pay out-of-pocket to have your junk car removed.

Vehicle Condition – The condition of a scrap vehicle is important to the overall scrap value since more operational parts and cars are worth more than non-operational ones. Cars that still run are worth more than cars that do not, and so on. If the car does not run, it will likely be sold for its parts, all of which can affect the overall appraisal.

Current 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.

Make and Model – The make and age of a junk vehicle also have a major impact on its appraisal value. Some cars are more in demand in the scrap industry than others. For instance, older or rarer cars whose parts are not manufactured anymore are higher in demand than current make and model vehicles.

Where to Sell a Junk Car for the Highest Price in Indiana

Call GC’s Junk Cars at 317-608-2188 to sell a junk car in Indianapolis. Our Indiana junk car buyers 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. No title? No problem! Give us a call anyway! Call 317-608-2188 to request a free estimate, today.

GC’s Junk Cars
GC’s Junk Cars 317-608-2188

How to Assess Your Junk Car’s Worth

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.

Indianapolis Junk Car Buyers
Indianapolis Junk Car Buyers 317-608-2188

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!