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.
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:
❶ 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.
❷ 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.
❸ 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.
❹ 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.