Get Up to $500 Cash for Junk Cars Near You - Sell Your Junk Car Today

We pay $500 cash for junk cars or more for newer model, good condition, heavier vehicles. Sell your junk car for $500 cash to America's #1 cash for junk cars service.

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JunkCarMedics.com honest, straightforward process makes it easy to junk cars in as little as hours.

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We work with local auto junkyards, car auctions and other car buying services to get you top dollar.

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Junk Car Medics / Junk Car Service / Guides$500 Cash for Junk Cars

Can I Sell My Junk Car for $500?

One of the top questions people ask Junk Car Medics is if we can pay $500 cash for junk cars.  It's a pretty loaded question.

You can sell a junk car for $500 if the vehicle is somewhat newer, say 7 years old or less, has reusable parts and is a popular model on the road in your area.  If you can check all those boxes you may be able to pocket $500 for your junker.

But even the oldest, junkiest, most broken down vehicle has value because of its parts. Whatever may be wrong with the car, some of its components are still in saleable condition. Plus, they always provide excellent sources of scrap metal. In the case of junk cars, the sum of the parts is worth more than the whole.

And now in 2021, it's easier than ever to sell junk cars for $500 or more near you.

The going rate for a junk car in 2021 was $570 on average.  That's a crazy high price.

Read on to find out why.

Here's How You Can Get $500 Cash for a Junk Car

One odd effect of the pandemic is that junk cars have become much more valuable. Because most junk cars are selling for $500 or more currently, now is the time to turn that clunker into cash.

In 2021 scrap metal prices are higher and the demand for used car parts has surged making most "junk cars" worth $500 or more.  You can junk a car for $500 if the vehicle is somewhat newer, say 10 years old or less, has reusable parts, and is a popular model on the road in your area.  If you can check all those boxes you may be able to pocket $500 for your junker in 2021.

Here's why you may be able to get $500 cash for junk cars in 2021:

1. You Can Get $500 Cash for Junk Cars Because of an Increased Demand for Used Car Parts

One odd effect of the pandemic is that junk cars have become much more valuable. Because most junk cars are selling for $500 or more currently, now is the time to turn that clunker into cash.

The pandemic has created the best market for junk cars in many years because more people have decided to keep their used cars rather than selling them or trading them for newer vehicles. As a result, more Americans need repairs for their cars, leading to booming demand for used car parts. Most of these parts come from junk vehicles.

Everyone wants to get the most money possible.  If your car has valuable scrap car parts then you may be able to get $500 for it.

2. Scrap Metal Prices Are Soaring Making It Easier to Sell Junk Cars for $500 or more

In addition, scrap metal demand has also skyrocketed, providing another impetus for the junk car market. Since the pandemic struck, the auto recycling industry has suffered supply chain disruptions. With ports closed, scrap metal has remained trapped in storage.

Making matters worse for recyclers, industrial closures due to COVID-19 brought many production processes that yield scrap metal to a halt. With supply so constrained, scrap metal prices have boomed. Junk cars provide an ideal scrap metal source. Demand for these vehicles from scrap metal recyclers has increased, making junk cars worth a lot more than $500.

3. Used Car Demand At Historic Levels Makes Junk Cars Prices SkyRocket

Pre-owned car prices have surged to levels never before known making current junk car prices surge at the same rate. The reason is supply and demand. With more car owners keeping their vehicles longer, fewer used cars are available on the market.

In addition, the pandemic has interrupted supply chains, resulting in chip shortages that have curtailed the inventory of new vehicles. Because fewer new cars are hitting dealership lots, the demand for used vehicles has expanded even more.

Another factor that constrains used car supply is that rental car companies, which usually sell hundreds of thousands of used cars each month, keep their inventory instead. The shortage of new vehicles means they have a limited supply, so they have little choice but to rent their current fleet longer, further increasing the costs of used cars.

Now is The Time to Sell Junk Cars for Top Dollar

For the owners of junk cars, this means more money for their vehicles making it a great time to sell junk cars for $500 or more. A robust new car market decreases the demand for spare parts. Most car manufacturers back their vehicles with substantial warranties. Because of this, they build their cars soundly and with high enough quality parts to ensure they last for at least the warranty period before major repairs and spare parts become necessary.

However, with the shortage of new cars on the market, more and more used vehicles with expired manufacturer warranties remain on the road. When these vehicles break down, spare parts are essential, so junk cars become even more valuable.

$500 Check to Sell a Junk Car

Who Buys Junk Cars Near Me for $500 Cash?

We can't guarantee we can give you $500 for your junk car but if you are looking to sell it we will get you the best price.  If your car fits the bill, we can pay $500 for it.  What we can guarantee is we buy junk cars for fair market value.

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