We Buy Junk Cars for Cash in Louisiana

We buy junk cars for cash in Louisiana.  We buy junk cars in Louisiana that are wrecked, no longer on the road, beyond repair, or simply needs to be taken to a salvage yard.  Getting cash for junk cars in Louisiana is the act of getting paid to junk a car that is unwanted. Junk cars in Louisiana are considered a total loss if the repair cost exceeds their original value, and it is unsafe to drive, or they are wrecked due to an accident. A junk car is any age, but commonly the car’s scrapping age starts from 13 years. However, most junk cars’ worth is conditional on the metal’s weight. Louisiana junk car removal is taking off a parked car from public or private property, physically or with the help of junk car removal services, and storing them in a space made for abandoned cars. Louisiana junk car removal is the business of buying a wrecked or damaged car for parts that are still able to be reused or resold to someone else who needs replacement or for scrap metals. Scrapyards in Louisiana are capable of dismantling all types of metals and recycling them into useful components. These companies offer cash for junk cars and have towing services.

Junk car removal services are prominent and considered essential in Louisiana. Many cities in Louisiana, such as Baton Rouge, Lafayette, New Orleans, Lake Charles, and Shreveport, have different junk car removal services. These services have an impact on the economy and environment in Louisiana. There are illegal junkyards that are a source of pollution and put the health of the community at risk. Junkyards consist of hazardous materials and needs to be disposed of properly. There is a law in Louisiana where an owner who sells a motor vehicle as scrap shall assign a certificate of title to the buyer, and the buyer delivers the certificate to the commissioner with an application for a permit to dismantle the vehicle.

What is the Louisiana Cash for Junk Cars Program?

Listed below are the two administrations and laws concerning Louisiana Cash for Junk Cars Program.

• Scrap Metal Law. This law implies that any purchases for metals except copper under the amount of $300 can be made in cash or by check (with no waiting period). Scrap recyclers in Louisiana must not purchase metals from any person for an amount above $300 more than once in 24 hours.
• Louisiana Scrap Law. This law implies that scrapyards are required to keep the records such as a copy of the seller’s driver’s license, state-issued ID, and other proof of transactions of the last 2 years. A 10-day tag and hold policy for scrapyards, and they are required to have photos of the material and the seller's recycling metal. The parts and vehicles sold must be recorded and must submit a report to the Office of Motor Vehicles.

There are numerous junk car disposal located in Louisiana. In Louisiana, selling a junk car is a way to earn money. It is important for those owners of the unused vehicle. Aside from freeing some space by getting rid of junk vehicles, they have benefits to the environment. Disposing of junk cars in junkyards lessens the risk of getting harmful effects on the community. Junking a car helps to put an end to the stress and frustration that comes from owning a clunker.

What are the laws for Louisiana Car Recycling Laws?

Listed below are the three main laws for Louisiana Car Recycling Laws.

• Disposal of junk vehicles. Disposal of junk vehicles law in Louisiana implies that each person who owns a towing or storage vehicle shall apply for crushing of the vehicle at the end of thirty days or apply for the dismantling of the vehicle at the end of thirty days from the mailing of the notice. The owner shall take pictures of all four sides of the vehicle before applying for permission to crush or dismantle it. Upon approval from the department or ten business days from the mailing of the application, the owner delivers the vehicle to a licensed crusher. Receipt of sale to a licensed crusher shall be presented electronically to the Office of Motor Vehicles on a form provided by the Department of Public Safety and Corrections. Within seven business days following the crushing or dismantling of the vehicle, the licensed crusher shall complete certification for each vehicle, in a format authorized by the Department of Public Safety and Corrections, office of motor vehicles, providing the needed information.
• Abandoned Vehicle. Abandoned vehicle law implies that if the abandoned motor vehicle in Louisiana is not removed within twenty-four hours from the date of the posting of the notice, the vehicle shall be removed and disposed of by the municipality or by a towing service authorized to act for the municipality.
• Collection for Recycling of Lead-Acid Batteries. Collection of batteries law in Louisiana implies that an individual selling lead-acid batteries are allowed to accept in a quantity at least equal to the number of new batteries purchased, or used lead-acid batteries from customers if offered. It is required to post a notice regarding the illegal disposal of the motor vehicle batteries and the notice about accepting lead-acid batteries in exchange for new batteries purchased.

The law regarding the proper disposal of lead-acid batteries is the most important law among the three. Lead-acid batteries produce potential harm to the health and the environment if it is improperly disposed of. Lead-acid batteries contain sulfuric and lead that contaminates soil and groundwater. By disposing of it properly, it lessens the risk to the health and environment.

What are the myths about selling  junk cars for cash in Louisiana?

Listed below are the four main myths about selling junk cars for cash in Louisiana.

• Towing is expensive. Nearby buyer offers free towing services to pick up the junk car in Louisiana from the owner. Some junk car buyer have charge depending on the location, but mostly they are free. Some junk car buyers pick up the car within the day.
• Picky depending on the condition. Some junk car buyers in Louisiana are looking for a particular model or make of vehicle, but some purchases a vehicle regardless of its condition. The value of the vehicle depends on the weight and size of the scrap metals and the working car parts. The value of the junk car decreases, especially if the registration or title is not available.
• Only particular cars. The best way to know if the junk car buyer in Louisiana takes the vehicle is to call and ask. Most junk car buyers accept any type of vehicle such as cars, vans, trucks, and SUVs, except boats, RVs, heavy equipment vehicles, or motorcycles. They purchase vehicles for car parts, so when they accept different kinds of vehicle, it means the more likely they are to have a part when it’s needed.
• Complex procedure. Junking a car in Louisiana is one of the easy and straightforward way to get rid of a vehicle in exchange for cash. It only takes three simple steps, check who gives the best offer, schedule a pick-up, and get paid in cash.

When should you junk your car?

Junking a car is sometimes a tough decision, but keeping an old and damaged car is reckless. The first thing to observe before saying that the vehicle is junk is when it is dangerous to drive. The latest versions and models of cars have the latest safety features. The cost for repair is quite higher than its original value. A component such as engines and transmissions are expensive to repair if broken. Junk the vehicle in Louisiana if it is not worthy to be fixed. Moreover, in some states, it is unlawful to sell or buy a junk car without title or proof of ownership. Some buyer accepts a junk car even without a certificate of title, but the value of the vehicle decreases if the legal documents are missing or lost. A duplicate certificate is obtained from the Louisiana Office of Motor Vehicles if the original title is lost. It costs $68.50 along with other additional costs. Immediately put the car on sale or sell it to the nearest junkyard before the value of the junk car continues to drop.

How long does it take to Junk a Car in Louisiana?

Junking a car does not take too long if the seller has complete documents. If not, the seller needs to complete all the needed requirements for transferring the vehicle. Some buyers in Louisiana have a same-day pick-up of the vehicle if it is qualified to the standard of the buyer and when the seller agreed to the value offered by the buyer. Once the tow and the pickup are arranged, they arrive within 24 hours to three days, but completing the actual transactions after their arrival takes around 20 minutes.

How Soon can you Pick up a Junk car in Louisiana?

When the buyer wants to purchase the junk car and the seller accepts the buyer's proposed value, they arrange the pickup depending on their availability. Some junk car buyers have same-day towing service, and the maximum is three days.

How much does it cost to tow a junk car in Louisiana?

Some junk car buyers in Louisiana have towing services without any additional charges to transfer the junk vehicle from the owner’s place to the salvage yard. The average cost to hire a tow truck service ranges from $75 to $125. Most of the towing companies charge $50 for the first 56 to 10 miles, then $2 to $4 per mile after. The maximum cost of a tow is $300. The prices depend on if it’s a car, motorcycle, or heavy-duty vehicle, and the total mileage.

How to Sell Your Junk Car in Louisiana?

A junk car has various disadvantages if decided to keep it instead of junking it in Louisiana. It is harmful to the health and environment, especially to the air and water. A non-worthy car takes up some space in the garage that can be utilized more functionally. The best technique to do is to Sell Your Junk Car for Cash.

Listed below are the five main steps to selling junk cars in Louisiana.

1. Registered dealer. Make sure that the dealer has a license, and they are authorized to junk a vehicle in Louisiana. They are able to manage and handle the paperwork properly. Transferring of title is the most important part of junking a vehicle. A trusted buyer is found through referrals from family and friends or by searching online. A good website has complete details about the service they offer and the customer reviews from previous clients.
2. Estimated rate. It is the right of the seller to ask for a quote. A quote is a value that the buyer is willing to pay for the junk car. Some junk car buyer in Louisiana uses technology to appraise junk car. There is an online calculator that accurately determines how much the junk car is worth. The seller provides information about the junk car and the quote is provided instantly.
3. Arrange the pickup. In Louisiana, junk car removal has towing services to transfer the junk car from the owner’s place to their junkyards. The schedule of pickup depends on the availability of both seller and buyer. Hand over the keys and the title to the driver and the payment is then given to the seller. The driver makes sure that the vehicle matches the information the seller has provided online.
4. Complete the sale. Transferring the title is the most important to avoid the future problem for the Department of Motor Vehicles in Louisiana. The seller needs to sign over the vehicle title of the junk car, making the buyer the new registered owner of the vehicle.
5. Receive the cash. Get the payment for the junk car from the buyer after transferring the keys and other legal documents. In Louisiana, some junk car buyer issues paychecks instead of cash. Make sure that the written price is correct, and it is signed and well-dated.

That's how to sell a junk car for cash.

How do you improve the value of your junk car in Louisiana?

Keeping an old and damaged vehicle in Louisiana is stressful and costly. The constant repair of the vehicle could end up spending more money than its actual value. Some car parts are expensive to repair, such as engines, transmissions, and catalytic converters. If these parts are broken, anticipate that the value of the car decreases. A junk car’s worth depends on the year, model, make, condition, and other aspects that affect its value. There are ways to improve the value of junk cars. One of the things to remember is to not remove any parts of the car. It makes good cash to put the useful parts on sale, but the overall amount may be lower than the offer of junk car removal services. Hiring a technician to remove the car parts reduces the profit. A car that has complete parts have a higher value. The value of the junk car may reduce if the junk car waited too long or is silted in the garage for a long time. Some car parts collapse, if not used for a long time, and can be destroyed due to the weather. If the value of the car continues to lower, immediately put the car on sale or sell it to a junk car dealer in Louisiana. To prevent the price deduction, it is important to clean and remove all the waste and unnecessary things inside the car.

How to apply for a Replacement Title in Louisiana?

Listed below are the five main steps for applying for a Replacement Title in Louisiana.

1. Fill out the form. Go to the nearest Office of the Motor Vehicle, and print out the Vehicle Application Form. Fill out the form, signed and dated properly.
2. Notarize. After filling out all the required fields, notarize the form.
3. Complete requirements. It is important to arrive with all the needed documents such as the Application Form, driver’s license, valid ID, and copy of the Louisiana registration certificate. If not available, include a note saying this, otherwise, the Office of Motor Vehicle could reject the application. If the car has a lien, the lien holder must complete the Affidavit of Non-Possession of title by the Lien holder
4. Pay the fee. The replacement fee in Louisiana is $68.50 plus an $8 handling fee, for a total of $76.50.
5. Wait for the mail. An OMV clerk processes the application and mail the replacement title within 3 to 5 working days. Expect to receive the title through the mail in about 7 to 10 working days.

How to know the value of your Junk Car in Louisiana?

Listed below are recent values of junk cars in Louisiana

Louisiana	Minimum Junk Car Price	Maximum Junk Car Price
2001 Toyota Camry	$320.00	$525.00
2012 Nissan Altima	$240.00	$655.00
2005 Nissan Altima	$105.00	$315.00
2004 Toyota Camry	$315.00	$860.00
2013 Kia Optima	$0.00	$870.00
2006 Honda Accord	$310.00	$695.00
2002 Ford Ranger	$515.00	$710.00
2006 Bmw 325	$240.00	$355.00
2006 Nissan Altima	$0.00	$450.00
2010 Gmc Acadia	$840.00	$1,195.00
2005 Lincoln Ls	$315.00	$330.00
2011 Chevrolet Malibu	$850.00	$1,095.00
2003 Infiniti G35	$0.00	$0.00
2010 Chevrolet Aveo	$370.00	$410.00
2003 Dodge Ram 1500	$240.00	$290.00
2010 Nissan Altima	$265.00	$625.00
2006 Chevrolet Impala	$135.00	$395.00

Does Louisiana pay more for junk cars than other states?

Yes, Louisiana pays more for junk cars than the other states. Junk Car Medics conducts a ranking of states that pays more for junk cars. New Orleans and Baton Rouge were the two cities in Louisiana that ranked 11th and 21st, respectively. Other states that pay more for junk cars are Texas, New York, Florida, California, and Arizona. These states have a higher number of junk car removal companies than the existing Junk Car Salvaging and Removal in Louisiana for Cash.

The states that pay more for junk cars than Louisiana are:
Junk Car Salvaging and Removal in Texas for Cash
Junk Car Salvaging and Removal in New York for Cash
Junk Car Salvaging and Removal in California for Cash
Junk Car Salvaging and Removal in Florida for Cash
Junk Car Salvaging and Removal in Arizona for Cash

How many Junk Cars are wrecked a year in Louisiana?

According to SJG Injury Accident Lawyer, an average of 160,000 car accidents happen every year in Louisiana. All the cars are usually towed to a mechanic, auto repair shop, or salvage yard after an accident. Aside from car accidents, junk vehicles come from cars that are unsafe to drive, usually happen to old cars or unused cars.

Does Junk Car Medics buy junk cars in Louisiana?

Yes, Junk Car Medics buys junk cars in Louisiana. Junk Car Medics pay for junk cars all over the United States. In Louisiana, there are five stores of Junk Car Medics such as in Baton Rouge, Lake Charles, New Orleans, Lafayette, and Shreveport. Technology plays a big role in the service of Junk Car Medics when they launched an online application to complete the auto recycling remotely. It instantly calculates and evaluates the value of the junk car. The application is available on Google Play and iTunes and consumers can ask for a quote. The application asks to upload the car’s photo and the schedule of pickup. Junk Car Medics offers around $100 to $5,000 for a junk vehicle.

What are the Best JunkYards in Louisiana?

Finding a trusted and authorized junk car buyer is difficult for first-timers. Most junk car owner wants to receive a fair amount for their vehicle and wants to have a smooth and hassle-free experience. The referral is one of the ideal ways to look for the Best JunkYards in Louisiana.

Listed below are the three best junkyards in Louisiana.

1. Black’s Auto Salvage Inc. Black's Auto Salvage Inc, offers and sells used parts for most makes and models of vehicles. They offer new vehicles and new parts. Black’s Auto Salvage got 4.5 stars out of 5 stars because they offer a fair deal compared to the other salvage yards and the prices are affordable.
2. Quick Recovery Auto Salvage. Quick Recovery Auto Salvage offers original parts sales to complete repairs for almost any vehicle such as car, truck, van, and SUV. They ship parts to the customers, locally and out of state. They offer towing services 24/7.
3. TNT Auto Parts. TNY Auto Parts has a wide selection of used parts such as engines, transmissions, auto parts, body panels, used tires, alternators, batteries, and compressors. TNT Auto Parts is located about 10 minutes west of downtown Shreveport.

What to know about Junk Car Industry in Louisiana?

In 2010, the total number of registered vehicles are 4,086,128. The registered automobiles in 2016 reached 1.40 million vehicles. In 2020, there are more than 280 million vehicles in the United States, and the 15 million ended up as Junk Cars in the USA. The automotive recycling industry in the United States reached $32 billion in annual sales. The junk car industry in Louisiana is quite big because of the numerous junk car dealer and buyers located in the area. In Louisiana, a junk car can be sold without a certificate of title, a permit to dismantle any vehicle which is more than fifteen years old and has not had its registration renewed in the state or any other state for three years immediately before the application for a permit to dismantle the vehicle. However, a junk car buyer should be chosen carefully. It is necessary to select a junk car buyer that specializes in processing and handling the needed requirements or documents, especially, those who fairly pay good money for the junk car. Through referrals, a trusted buyer is found, ask around the community if they know a junk car dealer with experience.

How to Choose a Junk Car Buyer in Louisiana?

Junking a car is one of the ways out for people trying to relieve the stress and burden of keeping a damaged car that takes up some space. Both Junk Car Buyers and sellers must have the necessary things to have smooth and without conflict transactions.

Listed below are the ten main ways of choosing a junk car buyer in Louisiana.

• Assess the condition of the vehicle. The primary step before junking a car in Louisiana is to determine the vehicle’s condition. It is better to junk a car if it has many defective car parts, and repairing is not a solution because it exceeds the original value of the car.
• Differentiate the rates. It is best to contact and ask for the rates of the different buyers and then compare them. Go for the buyer that has a fair and high offer for the junk car in Louisiana.
• Buyer’s location. For a fast and more convenient transaction, it is best if the buyer is nearby, especially if the junk car is non-running. The pickup and the transfer of the vehicle is done quickly if the buyer is within the vicinity. Some junk car buyers in Louisiana offer to tow the vehicle for free, but some might not if the location is distant.
• Process. It is important to know the process of junking a car in Louisiana. Ask how long it takes to complete the process and receive the payment. Make sure that the documents are complete to avoid delays in the process.
• Evaluate the vehicle. Take time to assess the value of the car before contacting junk car buyers in Louisiana. Have the estimated value in mind and compare it to the buyer’s offer. In that way, negotiating is done easily because there is an expected price in mind. Otherwise, the buyer takes advantage of the seller’s lack of idea about the value of the car.
• Quality website. It is an advantage if the junk car buyer has a website. Looking through the company’s website is ideal to see if the buyer processes the transaction quickly and if they are authorized and permitted. The website must have information about their record on buying and selling junk cars, reviews from other clients, towing services, and contact details. Some junk car companies in Louisiana have websites where clients schedules a consultation and ask for a sample quotation.
• Knowledgeable buyer. Opt for the buyer in Louisiana that has the experience and capabilities to fairly pay for the junk car. Cash is expected and if the company wants to give a check, make sure that the ratings and credentials of the buyer are strong. Make sure to avoid being a victim of scams. When in doubt about the terms and mode of payment, don’t hesitate to ask a question or find another buyer.
• Objectives. The owner has the right to ask the buyer about their objective for the car and what happens after selling. Some buyers in Louisiana scrap the engines, metals, transmissions, and other useful parts for another person, and others rebuild them into a new functional car part. They keep these parts out of the dump and help the environment.
• Know about their towing services. Towing is the only way to transfer non-running cars. It is important to know if junk car removal has towing services. Outside towing services are quite expensive. Some junk car buyers in Louisiana offer to pick up the car for free.
• Professionalism. Buyers in Louisiana that are well-mannered are a plus point. Customer service is important, and make sure that they give full attention to the concerns. They should provide all the information and speak to the seller efficiently.

Is Junk Car Industry Big in Louisiana?

Populous areas in Louisiana, such as Baton Rouge, New Orleans, Lafayette, and Shreveport, and Lake Charles have numerous salvage yards. In Baton Rouge, the annual revenue of scrap metal recycling ranges from $10 to $50 million. In New Orleans, the annual revenue of scrap metals ranges from $5 to $10 million. The estimated annual revenue generated by Lafayette is $7 million, while Shreveport generated $2.5 to $5 million.

What are the necessities to open a Junk Car Facility in Louisiana?

Business insurance, business permit, a catchy business name, logo, target market, start-up, and equipment are the few things to accomplish before operating a junk car facility. Get a business permit in the city hall in Louisiana. Complete all the necessary documents such as registering the business name and the zoning approval. Register business insurance to prevent shouldering all the costs in case something went wrong. Moreover, safety equipment and trucks or flat beds are necessary to pick up or transfer the vehicles. The target market, the startup, ongoing costs, and how much the charge will cost are important to establish. The owner must have state and federal taxes; business bank accounts and credit cards before operating the business. Create a business account to track down the cost and the sources of income. General liability, commercial auto, and workers' compensation are the three important policies to apply.

How does Louisiana define a Junk Vehicle?

According to the Louisiana Department of Public Safety, Office of Motor Vehicles, junk vehicles are any vehicle that is in a state of deterioration. These vehicles cannot be profitably restored and have a fair market value of $500 or less. These values are determined using the rough trade-in value shown in the recent guide of the National Automobile Dealers Associate (NADA). A junk vehicle can be any age, if they are damaged and dangerous to be driven on the road or highway, they are considered junk. These junk cars are inoperable, and the repair cost is more expensive than their original value. The average mileage of a car is between 12,000 and 15,000. In general, most cars last between 200,000 and 300,000.

Are Motorcycles, Bicycles and Other Vehicles included for Junk Vehicle Removal in Louisiana?

Yes, motorcycles are included for junk vehicle removal in Louisiana, but the bicycles are categorized as non-motorized or simply not recognized as a motor vehicle. In Louisiana, motor vehicle means any vehicle which is self-propelled  and designed to travel along land, on the water, or in the air. Automobiles, buses, motorbikes, motorcycles, motor scooters, trucks, airplanes, and boats are recognized motor vehicles.

Is it better to donate your junk car instead of selling in Louisiana?

Yes, donating a junk car in Louisiana is better than selling it if the donor is not after the money and simply wants to gift or get rid of the junk car. The donating process in Louisiana is quite long. The donor must submit an Act of Donation of Movable document which states that they agree to donate the car and the donee accepts the car. The donor must girl a Notice of Transfer of the Vehicle within 15 days after the donee pickups the car. The donor must be sure that the one who accepts the donation has auto insurance, if not, they are not allowed to drive or register the vehicle under their name. However, the owner’s tax returns will not be affected when they donated the car unless they donate their vehicle to a charity, they cannot get a tax deduction. They may receive a tax charge for a large gift, but it only applies if the value of the car is more than $15,000. The donee may have to pay tax on their gift if it is over a certain amount. If this is the case, Should you sell or donate your Junk Car?

How to Shield a Junk Vehicle from Public View in Louisiana?

According to the Louisiana State Legislature, when found an abandoned vehicle is left unattended for more than three days, the officer shall post a notice on the windshield that the car will be removed from the location within 24 hours. If the owner failed to remove the vehicle, the municipality, or tow truck services removes it from the location.

Listed below are the four main ways to shield a junk vehicle from public view in Louisiana.

• Transfer the car. The vehicle must be moved to the location in Louisiana that will shield it. It can be in a garage, behind a sold fencing, hill, or building.
• Proper shielding. Create a shield using fencing materials such as wood, metal, or steel. Certain construction is required for proper shielding.
• Repair or register the car. The other way to shield the junk car in Louisiana is by repairing it to be useful or licensing it annually, but it doesn’t remove the fact that the vehicle is junk.
• Sell the junk car. If the junk car in Louisiana is not worth repairing and eats up some space, it is better to junk the car to the nearest junk car buyer or dealer.

What is the penalty of Junk Vehicle Law in Louisiana?

The City of Louisiana shall provide for the removal of a junk vehicle that is inoperable and left unattended on the street or sidewalk. The junk vehicle shall be removed or disposed of by the municipality if it’s in the same place after announcement of not less than ten days, either placed on the vehicle or directly to the owner. Junk Car Law in Louisiana allows the governing authority to remove such abandoned junk and to collect the cost of removal, not to exceed $200, from the owner of the material. They may require the location of storage of the junk to be surrounded or enclosed by a board fence or other enclosure.

Information about State of Louisiana and Junk Vehicles

Louisiana is a state in the Deep South and South Central regions of the United States. The capital of Louisiana is Baton Rouge, which is known for its views of the Mississippi River, and it is the largest city in Louisiana. Louisiana has 4,624,047 people in 2021, but it decreased by 1.02, with a total population of 4,576,882. There are 64 counties in Louisiana. East Baton Rouge, Jefferson, and Orleans are the three biggest countries in Louisiana. East Baton Rouge is known as "the Red Stick City," Baton Rouge is where the flagship university, and distinctive Cajun and Creole cultures all come together. Jefferson Parish is a diverse community sprawling on the southern shore of Lake Pontchartrain and ending sixty miles later on the beaches of the Gulf of Mexico. While New Orleans is known for its distinctive music, Creole cuisine, unique dialects, and its annual celebrations and festivals, most notably Mardi Gras. However, the most common jobs in Louisiana are cashiers, retail salespersons, registered nurses, laborers, freights, or stock movers. On the other hand, Louisiana outlined from its neighbors such as Arkansas to the north, Mississippi to the east, Texas to the west, and the Gulf of Mexico lies to the south. These neighborhood states have numerous junk car removal services similar to the Louisiana Junk Car Removal. Moreover, the current Governor of Louisiana is John Bel Edwards, while Joe Biden is the President of the United States of America. The registered automobiles in 2016 reached 1.40 million vehicles. August 2016 when Louisiana has been flooded and more than 100,000 vehicles were wrecked. Most of these cars ended up in the junkyards in Louisiana because of the damage due to flooding. On the other note, the auto industry in the United States is the most important industry that imparts 3% to 3.5% to the general Gross Domestic Product (GDP).