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The long and short of 'how much is my car worth in scrap?' is likely that it's a little less than you were hoping for.
You already know that a junk car doesn't have the same utility as a reliable one. Those that are more than 10 years old are likely to net $200 or less, while those that are newer and in better condition will go for closer to $1,000. If you're selling an older car for scrap, the heavier one will go for more than lighter ones simply because they're made with more metal.
So before you despair, there's still quite a bit of discrepancy between what's offered based on the car itself. Consider the case of two 2003 Hondas, one going for $70 and the other going for $510. What could explain such a large difference in values for two cars of the same year and make? The $70 Honda could be for a sedan, which is much lighter in weight compared to Honda SUVs. Or its body could be completely wrecked and missing many of its original parts, whereas the $510 Honda could be in pristine condition.
There are several factors that affect the valuation, so it pays to check on the price of your junk car before you go making any assumptions. Even a 10-year old Nissan Murano can net nearly $900. Not a bad haul when the alternative is having it sit around for months on end.
The more offers you get for your car, the more likely it is you'll find a good price. Just keep in mind that not every offer will come with the same terms. You may need to factor in the cost of anything from towing costs (if the buyer doesn't offer) to missed time from work (if you can't arrange a time that works for you).
Many buyers (whether individuals or companies) will let you know the price in advance and won't necessarily pressure you to take it. Of course, some scrapyard owners or used car dealers will give you a song and dance about how you won't find anything better, but like the talk of all salespeople, you really can't let that influence your decision.
Are you looking to sell your junk car for cash? Looking to sell your scrap car for $100, $300, $500 or even $1,000? If so, you're in the right place!
At JunkCarMedics.com we buy junk cars for cash. But that's not all, we provide:
- Industry-leading customer service
- The best offer for your car due to our huge network
- Free pickup and removal nationwide from your home or office
- No obligation offers in 79 seconds.
- And that's just the beginning!
JunkCarMedics.com makes 10's of thousands of offers to buy cars for cash (vans, trucks & SUV's too) all across America and has a hand in the purchase of 1,000's of cars every single month.
This lead to us being the nation's largest cash for junk cars service.
How Much Is My Junk Car Worth?
Besides the local price of scrap metal in your area, there are a few other variables that help determine how much your junk car is worth. These include:
- Scrap Metal Price
- Vehicle Year, Make & Model
- Demand for it's car parts in your area
Learn more about how we determine how much we can pay for your car.
As we mentioned above, currently junk cars are worth about $50 - $300.
Ask Yourself These Questions
Whether you part out your junk car or you decide to sell her in one transaction, there are a lot of factors that go into finding out how much your car is worth. Here’s what you should consider before selling your car to Junk Car Medics:
- Does your car still run? If it’s driveable could it be fixed up for a reasonable cost, or is it totally ready for the graveyard?
- How old is the vehicle? While junk cars are typically older by nature, is it so old that the parts won’t even be relevant in today’s marketplace?
- What is the make and model of your junk car? Typically, the more popular the car the more money you can get from it as people are looking for these parts regularly. However, if the market is oversaturated then you could be at a disadvantage.
- Consider the overall condition of your scrap car before you get your hopes up too high. These types of vehicles clearly aren’t pretty to look at, but the Reaper cares more about the functionality of certain elements rather than what’s on the surface.
Can I Sell My Junk Car for $100?
If you've done any kind of online research, you may already know that it's not difficult to get $100 for a junk car. Even with the somewhat abysmal scrap market, the metal can still be reused in anything from new building construction to cutlery.
But if you see (and you almost certainly have seen) a website that promises several hundred more for your car, you should know that these offers aren't likely to be real simply because the scrap metal prices don't make that transaction worth it to the buyer. So then why does the site offer those prices?
Because the odds are that you'll accept a lower price once you've already arranged to have someone come pick up your vehicle. It's much harder to refuse a tow truck at the end of the process rather than close out of a website at the beginning of the process. It's a common tactic too, one we'd prefer for you to avoid.
Can I Sell My Junk Car for $300?
Cars that are old and damaged are known as end-of-life, meaning it's not really worth anyone's time to fix it so it can eventually be driven. So unless you find a hobbyist that wants your exact model to restore and will pay nearly anything to get it, it's going to be a little tougher.
The older the car is, the more parts its missing, and the more damage it has, the less it's going to be worth it. It's unsafe to drive, so it'll need to have the fluids drained, the parts stripped, and the metal crushed and sold. This takes a lot of time and effort and largely boils down to the price of scrap.
But as we've seen, there are a lot of factors that can boost the price of your car, especially if it still has a number of working parts despite its age or exterior damage. It might not be worth $500, but it's not abnormal to land somewhere in the middle between $500 and $70 for what some would call an obvious clunker.
Can I Sell My Junk Car for $500?
In 2020 it may be hard to sell a junk car for $500 due to the current scrap metal market being down. You are more likely to receive between $50 - $300 for a scrap car.
If your car old, is missing parts, or, is damaged then it will be bought based on its weight. This is what's referred to as an end-of-life vehicle. It's a vehicle no one else is going to want to buy to drive around in because it is unsafe. The useful car parts will be pulled off and it will be drained of its fluids and then crushed and sold for scrap metal. This is what is called a scrap car.
Therefore the price of junk cars is primarily based on the price of scrap metal that the car is made of up and the current scrap metal market is down for the most part.
As you do your online searches you will find other websites listing out these big and long posts about paying $500 cash for junk cars in 2020 and how you can sell your junk car today. They are just trying to bait you into their website to get an offer to junk your car. You have to ask yourself if they will use a bait and switch tactic here will they also do the same after they make you an offer? Will they lower that offer when they come to pick up your vehicle and have it on a flatbed? At that time you may be vulnerable to selling your car for a bit less versus starting the process over. This is a common tactic in the scrap car industry. Watch out.
Therefore, unless the car is heavy or in good condition it's tough to sell a junk car for $500.
Can I Sell My Junk Car for $1,000?
Junk cars sold for $1,000 are those that are newer, have a high demand for parts, and are in still relatively decent shape. There may even be a chance of fixing it up and reselling it without too much hassle. If you're dealing with a popular car model that's parts are constantly being requested, then the odds are good that you'll get an offer that's closer to (or even more than) $1,000.
How Much Can I Sell My Junk Car For?
Keep in mind that since your car is “junk,” it’s not as valuable as a used car that runs well and is safe to drive.
Below is a list of recent offers made for various cars across America. We hope you can use this to help give you an idea of how much you can sell your junk car for.
As you'll see, most of the vehicles older than 10 years are selling for way less than $500, more like $50-$200 with SUV's and heavier vehicles closer to $200-$500 and newer vehicles that are in better condition are going for closer to $1,000 and up. The bigger the vehicle the more you can expect to receive. So a Chevy Suburban will fetch more then a Toyota Camry would.
The point is the amount of money you can sell a junk car for greatly depends on multiple factors and your best bet is to get a few offers and go from there.
Fortunately, most individuals or companies who pay cash for junk cars will inform you of what they’re willing to pay you in advance. If you don’t like their offer, no worries. There’s absolutely no obligation to accept. Just make sure you’re realistic and realize that your clunker is no longer worth what it was when you first bought it or even a few years ago.
How Much Does Junk Car Medics Pay for Cars?
Your next question is likely to be 'So just how much is my junk car worth at Junk Car Medics?' Well, no time like the present to find out. Whether you're considering us from the comfort of your home or the side of the road with smoke pouring out of the hood, you can start with our online tool if you're in the mood to collect quotes.
Of course, no-pressure instant offers aren't all you get when you choose Junk Car Medics. We also offer the best in customer service and free removal nationwide. If you prefer to do everything online, we work it out via email. If you'd rather start a conversation with us, just give us a call. If something goes wrong with the pickup time, we'll work it out with you. There's a reason why we're the largest cash for junk cars service, and it's because we literally go the extra mile for our customers.
We'll just need the mileage, VIN, year, make, model, and general condition of the car to get started. When you're ready, click the button below to answer a few questions about your car.