6 Things to Consider When Scrapping Your Car

One of the main reasons people sell their old cars to scrap yards is to earn some cash from an asset they are wanting to dispose of. Yes, your vehicle may be old, but it is not worthless, according to http://www.ukcarmovement.co.uk/. However, not all scrap yards will offer you the best price. Therefore it is essential to research and know current scrap car prices before calling any scrap yard. But what may affect the scrap value of your car? This is a valid question, and to understand scrap prices, below are factors affecting the scrap market value of your car...

1. Stock Market Prices

Metal is a globally recognized trading commodity. Many industries use metal for different applications. The food industry uses metal to make packaging cans. The automotive sector uses metal to make cars. The textile industry makes cuffs, and so on. Since the prices change in the stock market, you can expect that to affect your scrap car's worth, even though it is to a small extent.

2. Metal Quality

Just like gold is more expensive than silver, different car metals also have different values. Rhodium, found in the exhaust system's catalytic converter, is more costly than the steel on your chassis. Therefore missing some parts in your car like the exhaust system will affect your total earnings.

3. The Weight of the Vehicle

Scrap metal sells per ton. So, if you have 5 tons of pure steel and 3 tons of steel, you undoubtedly earn more from the 5 tons. A wholesome vehicle will earn you more compared to a vehicle with missing parts. That is why it is not advisable to dismantle your vehicle before selling it. Removing some parts translates to low weight, and this will affect your earnings.

4. Make and Model of Your Vehicle

Different manufacturers use different ratios of material in the construction of their vehicles. That is why an Audi is more expensive than a Sandero. The point is, manufacturers, like Mercedes Benz and VW, use more compact material for the construction compared to other brands. And when selling, the same principle applies. The more high-quality materials you have in your car, the more money you get from its sale.

5. Year of Manufacturer

A new Hugo Boss trench coat can cost about £745 new. You can also find the same jacket for used coat for £245 on eBay. The same principle applies to cars. A newer car sells for more because it is easy to dismantle, and its parts are still in good shape.

6. Location

Location is another factor that affects scrap car prices. Most junk car buyers claim to offer free transportation for your car from your home. However, that cost comes from the total amount you would have received. Therefore if you live far from the yard buying your junk car, you are more likely to earn less than selling to your local junkyard.

If the question of the scrap value of your car is still lingering, you can use online valuation tools. All you need is to head online and fill in important information such as the model and make of your car, manufacturing year, and other details to get an estimate of your car's value. With a figure in mind, you will know what to expect when negotiating with your preferred junkyard.