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7 Factors That Determine The Value Of A Junk Car

Did you know that 114 Auto Salvage and most other junk and salvage yards determine the value of your car based on many different factors? Every junk car is unique, so 114 Auto Salvage always asks a few important questions and has certain procedures that we do so we can pay you out the best price for your car. The following describes the 7 factors we use in order to determine the value of your junk car.

1. Calculating Scrap Car Prices

One of the first factors that can determine your junk car value is its weight. Generally, the heavier your car is, the more money you will get for it. In some cases, the value of the catalytic converter on your particular car may increase the price as well. This means, if you have an old clunker parked on your lot or out in the field somewhere, 114 Auto Salvage will be more than happy to pick up your junk car, free of charge.

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2. How Scrap Metal Prices Affect Junk Car Values

Metals prices vary depending on market conditions. Steel costs can fluctuate as well. Aluminum costs might rise and fall unpredictably. Basically every type of metal fluctuates at some point.
When selling your junk car, keep in mind the present scrap metal value. Steel and aluminum make up approximately 2,400 pounds of a vehicle’s total weight of around 2,800 pounds. That metal is worth a really significant amount of money.
To see the current price of scrap metal in your area, use a tracking app like the iScrap App. You can also contact local junk car buyers to find out the going rate. At 114 Auto Salvage, we’re always happy to answer inquiries about local metal prices. Please call us at 978-396-2448 if you have any questions.

3. Your Vehicle’s Condition

The condition of your car will also determine its value. In some cases, if your car is low mileage and newer than 2007, a 114 Auto Salvage buyer will ask for the following: the front and back of the title, pictures of both sides and front and back of the vehicle, a few pictures of the inside of the car; including the dashboard with the mileage, and the VIN number that is usually on the title. If your car is in good condition with low mileage, your cars salvage price may be a higher number.
Also, be aware that the tow truck drivers that come pick up your car do check your vehicle, so make sure the vehicle is what you stated over the phone. If the airbags are deployed or a catalytic converter is missing, the price may be lowered. Feel free to ask any 114 Auto Salvage buyers for any more information on how we price out your junk car.

4. Your Vehicle’s Location

The location of your vehicle can also affect its value. The scrap metal value for a car will vary depending on whether the car is drivable or non-drivable, what city or town it’s located in, and what company you use to recycle your junk car. Sometimes, a vehicle is worth more to one yard than to another. One state may also pay out differently compared to another state. To get the best price for your junk car we recommend locating the title and junking it to the closest yard like 114 Auto Salvage.

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    5. Do Scrap Prices Change Often?

    You might be asking how often scrap metal pricing changes on a day to day basis. The answer is all the time! Scrap costs are comparable to stock market prices in many ways, and scrap market values change on a daily basis. However, you are unlikely to observe significant changes in price from day to day. Unlike a stock that can rise or fall several percentage points each day, scrap rates generally only alter by a few cents each day.
    It’s more likely that prices will change every week to a month. 114 Auto Salvage will always keep our customers up-to-date on any changes in scrap metal rates, all you have to do is ask any 114 Auto Salvage buyer when you call for a quote. You can also check prices on or on the iscrap app.
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    6. The Demand for Your Car’s Parts

    The demand for your junk car’s parts can affect its value. If parts off a specific vehicle are in particular demand at this time, a 114 Auto Salvage buyer can usually give you a better price on your junk car. Higher ticket models include Honda CR-V, Toyota 4Runner, Ford Edge, Toyota Sienna, older Jaguar X Types and many others. The price you get will still vary on the year, make, model, weight and location as well.

    7. When is the best time to scrap my car?

    There is not really a best time since no one can fully predict the scrap metal market. To get the most for your junk car, we recommend scrapping it as soon as possible, because if you wait, your car may not be worth as much. Like mentioned above, the price of metal fluctuates constantly, so it’s best to call as soon as you can. So instead of waiting too long, call 114 Auto Salvage and junk your car today!
    In short, 114 Auto Salvage will buy any junk car regardless of its condition, age or location. There are also many factors that determine a car’s value. Those factors are location, condition of the vehicle, what year, make and model it is. Also, the demand for your car’s parts plays a big factor in how much 114 Auto Salvage will pay you for your junk car. You do not have to do all this research when you junk your car, but it is nice to have an estimate on what to expect in terms of the price of your junk car. 114 Auto Salvage can give you the best quote for your junk car, so don’t wait! Call us for a free quote today! 978-396-2448.
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