Top 4 Precious Metals in Junk Cars

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.

Indianapolis Cash for Junk Cars 317-608-2188
Indianapolis Cash for Junk Cars 317-608-2188

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.

Palladium

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

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.

Gold

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.

Silver

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!

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

Types of Precious Metal That Might Be in Your Junk Car

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.

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

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.

Copper

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.

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