How Much is My Junk Car Worth?
Determining how much your junk car is worth will depend upon a few key factors. The year, make, and model of your car, its condition, who you sell your junk car to, the demand for your car, the weight of your car, and the mechanical parts. Let’s break this answer down a bit more for you.
Year, Make, and Model
Believe it or not, the year, make and model of your car can determine its worth. The older a car is, the less it is worth. The more popular a car is, the more it is worth to potential buyers.
Another factor that will determine how much your junk car is worth is the condition of the car. Was your car in an accident with lots of cosmetic damage? Is your junk car on its last leg with costly repairs like transmission and the engine? Or is it just an old car that runs well and you’re tired of it? This will determine how much the car is worth to others.
Who You Sell to
Private car buyers, dealerships, and junk car buyers all have different purposes for your junk car. A private buyer may be looking for reliable transportation. They are not going to offer you as much as a junk car buyer that simply wants to recycle the vehicle parts.
Is your junk car or its parts in demand right now? There are some vehicles that never go out of style. Whether it’s for the powerful parts under the hood, memories from the car’s era, or the sole purpose of rebuilding it, some cars are just in higher demand than others. Take a Geo Prism, for example. The demand for it would likely be a lot lower than for an old-school box Chevy.
Weight and Recyclable Materials
Junk car buyers like Sell My Car Online are interested in one thing and one thing only. That is the weight and amount of the car’s recyclable materials that can be scrapped or repurposed. Larger, older cars with more scrap metal, of course, would warrant a higher payout than a smaller, more modern car that tends to have more plastic parts.
Your junk car is worth a lot more if it has some good mechanical parts that can be sold. Popular parts include the engine, doors, catalytic converters, car batteries, the radio, bumpers, tires, rims, and air conditioning systems.
Actual Cash Value
The last factor for determining your junk car’s worth is to calculate the actual cash value of the car. To determine the value of your car, you can easily use sources like Kelley Blue Book. Factors used include the car’s make, model, and year, its current condition, the car history, depreciation, and any reported accidents.
There are a lot of factors that go into determining the worth of a junk car. To get a general idea of how much your junk car is worth to others, call around and ask for quotes. You can start by giving Sell My Car Online a call at (855) 929-0828. We’ll provide you a great estimate so you can junk your car with us.