For most vehicles, rubber, fiberglass, and steel are the primary materials used in the manufacturing process. However, many people do not realize that cars and trucks also contain precious metals, which are rarely occurring metals with high economic value. Continue reading to learn the top 4 precious metals found in junk cars and where to get the best price when you are ready to sell yours in Central Indiana.
What is a Precious Metal?
Precious metals are those found in nature, that occur naturally but very rarely, and therefore have a high economic value. Aside from rarity, precious metals have a high economic value due to their advantageous properties, such as electrical conductivity, corrosion resistance, and more. When it comes to junk vehicles, the top four precious metals you can count on include palladium, platinum, gold, and silver.
If you are a fan of the Marvel movies, you’ve likely heard of palladium thanks to Iron Man. But palladium is a real naturally occurring precious metal that is used in various industries and applications all across the world. As for the automotive industry, palladium is commonly found within the catalytic converter. Using a palladium alloy to line catalysts within the catalytic converter because it reduces manufacturing costs. Other precious metals, such as rhodium, may also be used in this manufacturing process for cars.
Platinum is another rarely occurring precious metal that is commonly used in the jewelry making industry. However, platinum is also a primary constituent in catalytic converters. So, catalytic converters commonly contain platinum, palladium, and rhodium all in one. For this reason, catalytic converters are one of the most expensive auto parts.
Although it is not common knowledge, gold is a valuable precious metal found in almost every modern-day vehicle. Basically, if your car has a computer system, your car contains gold. Computer circuit boards are generally designed with gold-plated fingers, which can be removed from junk cars and refurbished in a precious metal recycling process. Goal can also be found in some airbag systems, audio stereo systems, and even in decorative elements for luxury vehicles.
This last precious metal is not as common. Silver is typically found in cars that use silver oxide batteries. However, most personal vehicles do not contain silver oxide batteries these days due to the high cost of using silver in the automotive manufacturing process.
Do you have a junk car that you wish to get rid of for cash on the spot? Contact GC’s Junk Cars at 317-608-2188 to sell a junk car 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!