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Getting rid of an unwanted vehicle does not have to be a challenge. In fact, you can make some money off the process if you do it right. Selling your vehicle to car wreckers will eliminate the junk in your garage and put money in your pocket. The question of how much do wreckers pay for cars is an important one before you start looking for a suitable service. A vehicle’s worth will depend on various factors. You may realise that your car doesn’t fetch the same price with different wreckers.
What Wreckers do with the Cars
The overall idea that most people get about wrecking and salvage yards is that they crush cars after buying them. This fact is only true for vehicles that are severely damaged. Crushing them provides wrecking companies with scrap metal that they sell for other recycling requirements. However, wrecking companies also buy old, unused and damaged cars for their parts. Depending on the condition of the vehicle, wreckers will take out the components for other applications. For cars that are not in bad shape, some companies sell them at auction, particularly to collectors and restorers.
What Wreckers Consider
1. Duration Without Being Used
For how long has the car been sitting unused? An auto wrecker will look at the period that a car has not been driven to determine its value. Neglect is a big contributor to wear and tear. Because components are not in use any more, they lose their functions easily. Seats fade or crack, especially when left in the sun for too long, hoses burst, and gaskets become brittle. Junkyards find the use of some of the car parts if they are not too far gone, they may be worth very little. For these reasons, a vehicle loses its value. If you intend to make good money by selling a car to wreckers, then don’t wait too long.
2. Is it Drivable?
A car that wreckers can drive will earn more than one that doesn’t run. If a vehicle can run, it means that the wreckers don’t have to use resources to transport it, which saves money. Not all vehicles end up in salvage yards after their owners sell them. If a car is not in terrible shape, a wrecking company may decide to fix it up and sell it at auction. Therefore, a running vehicle is an advantage. It proves that some essential components in the system are operational. The auto wrecking service has an idea of which parts it can get from the car.
3. The weight of the Vehicle
The cars wreckers will consider how much a vehicle weighs when buying it. A big percentage of a car’s weight is from steel, and this material has a good market. It is why vehicles make valuable scrap metal. Consequently, the more the steel, the higher a car will fetch. Wreckers pay decent prices for larger vehicles such as lorries because they generate more steel for sale. However, the current price of steel will affect this valuation. Two vehicles of similar weight can fetch different rates at different times due to the rate of the metal.
4. Price and Demand for Scrap Metal
If you are only selling a car to wreckers for the scrap metal, the current demand and market price of scrap metal will determine its worth. Wreckers must have a market for their scrap metal to offer good prices. If the demand is low, it means that a wrecking company may not have much need for an unused car.
Selling your used or damaged vehicle to a wrecking company is an environmentally-friendly approach to getting rid of it. However, ask yourself, how much do wreckers pay for cars to ensure you get a good deal. The above factors help auto wreckers determine the value of a car before buying it.