Multiply your car’s curb weight by the current scrap metal price per pound. This gives you a rough baseline. Then add estimated value for aluminum components and the catalytic converter. Finally, subtract 40% to 50% for buyer processing costs and profit margin.
Step-by-step calculation:
- Find your car’s curb weight (check the door jamb sticker or search online)
- Look up current scrap steel prices in your area
- Multiply weight by price (example: 3,200 lbs × $0.08 = $256)
- Add $50 to $150 for aluminum content
- Add $100 to $300 for catalytic converter (if present)
- Subtract 40% to 50% for buyer costs and margin
Example calculation for a 2012 Honda Accord (3,300 lbs):
- Steel value: 3,300 × $0.08 = $264
- Aluminum: +$100
- Catalytic converter: +$200
- Gross value: $564
- After buyer margin (50%): approximately $280
This estimate covers scrap-only value. Parts increase the total. A working engine, transmission, or in-demand components add more value that doesn’t show in metal calculations.
For real-time pricing, check current scrap car prices or call local yards for quotes. Actual offers vary based on location, buyer type, and daily market conditions.
