Use this formula: (Vehicle curb weight × scrap price per pound) + catalytic converter value + aluminum value − processing costs = approximate scrap value. Most cars yield $150 to $500 using this calculation, depending on size and current metal prices.
Information you need:
- Curb weight: Found on door jamb sticker, owner’s manual, or online search
- Scrap steel price: Call local yards or check online scrap price indexes
- Catalytic converter status: Present adds $100 to $400+ depending on vehicle
Quick calculation example (2015 Ford F-150, 4,700 lbs):
- Base steel value: 4,700 × $0.07 = $329
- Aluminum wheels and components: +$150
- Catalytic converter (truck): +$250
- Gross material value: $729
- Typical buyer payout (55%): approximately $400
This method gives you a floor price. Actual quotes often exceed calculated scrap value because buyers factor in parts resale. An engine worth $500 to rebuild doesn’t show up in metal calculations.
Use your calculation as a negotiating baseline. If a buyer offers less than pure scrap value, ask why. If they offer significantly more, they see parts value you might not recognize. Compare quotes from 3 to 5 buyers to find the best deal.
Check current scrap car prices for up-to-date rates in your region.
