Are you considering getting your car in the garage and sell it off? The good part is that every vehicle has value. You’re probably thinking about how much the junkyard would take for your vehicle.
Each junked vehicle won’t make an equal amount. The good news is that assessing the worth of your vehicle may be simpler than you thought.
When you know these five aspects which determine the worth of a used car You will be able to receive the best price that you can get for it.
1. Going Rate for Scrap Metal
This is an aspect that most car owners don’t think about. The price of scrap metal plays an important part in determining how much the value of a used car is. Take this into consideration:
The price of metal scrap fluctuates year to year, based on the supply and demand. If there’s an abundance of steel or aluminum available in the market, demand is plentiful and prices are low.
Every car has its own weight. If your vehicle is heavier or lighter, this can impact the price you receive for it.
2. The Vehicle’s Condition
If your car is still running and is in good condition, you could get extra cash. How much cash you get will depend on the condition of your vehicle. Do you have just minor issues or will extensive repairs be required? If the price to repair is high and the value of your car will be less.
3. Vehicle’s Location
Your car’s location may influence the value of your car. For instance:
The cost of scrap metal differs between states.
Certain cars are more sought-after in specific regions. This affects the price for the vehicle and its components.
The distance of the vehicle to the junkyard can also play an important role. If your vehicle isn’t running and isn’t in the vicinity of the salvage yard, it is important to consider the additional cost of towing your car to the salvage yard.
4. Demand for Parts
It’s possible that you own an old vehicle that isn’t worth reworking. But the parts could be valuable. From the tire the battery, to the radio could be taken off and sold.
The worth of these components is contingent on the demand for these parts. If others with the same vehicle frequently require repairs and parts aren’t easy to come by, demand is very high. However when your car’s components aren’t sold often then your car’s junk is likely to be less valuable.
5. Determining the Type of Car
The last determining factor is the most basic one -the year of the car as well as the make and model. It’s crucial to be aware that junk automobiles are valued differently particularly if they’re not roadworthy. In fact, junk vehicles could be worth 20-40 percent of the car’s valued value.
Do Your Homework to Get the Best Rate
If you’re looking to make the most value from the car you’ve used make sure you do the research. Do not just call your local junkyard and request the owner to collect it. By armed with as much info as possible, you’ll be prepared to bargain a fair price for your old car.
If you are in Malaga, Western Australia 6090, Australia and looking to sell your car, below is the best way to visit us.
Contact Us
ZZ Auto Wreckers
55 Christable Way
Landsdale WA 6065
0481 202 202
info@zzautowreckers.com.au
