A few years ago, selling a garbage car in cash could bring you enough weekend road trips. Today you have almost no money to pay for the hotel room. What is it given?
At the end of our lives, all materials and liquids were deprived and crushed and later sold to local shredders. We (and other garbage car buyers) barely got what we had expected. Traction the car, strip it and smash it. Believe it or not, you have done a lot of work. The price we are able to offer to buy a car is greatly reduced.
However, compared with last year’s scrap prices, why are scrap metal prices so suddenly so low? What is the impact on the garbage car industry? What can you do to ensure that your garbage car gets the most value? We have the answer.
Table of Contents
HOW DO SCRAP PRICES AFFECT THE VALUE OF MY JUNK CAR?
Ordinary cars contain 2,400 pounds of steel. The average truck contains 3,000 pounds. This accounts for about 55% of the total weight of the car. There is also about 300 pounds of aluminum in the average vehicle.
When a car dealer buys your vehicle, what they really buy is the value of that ton of scrap metal. Steel, aluminum, copper and other metals can be sold in cash to scrap metal dealers. Those scrap metal dealers, in turn, sell the metal to the manufacturer of recycled metals and turn it into new cars, building materials, wires, smartphones and other items we use every day.
If the price of steel and aluminum drops. If the builder does not build new homes and apartment buildings, metal prices will fall.
During the year, steel prices fell from $480 per tonne in February 2015 to $50 in early 2016.
HOW TO GET THE BEST SCRAP CAR PRICE PER TON FOR YOUR AUTOMOBILE?
1. KEEP TRACK OF CURRENT SCRAP PRICES
2. WAITING ONLY MAKES YOUR JUNK CAR LESS VALUABLE
3. MAKE SURE YOU GET MORE IF YOUR CAR IS DRIVABLE
5. SALVAGE PRICES ARE HIGHER THAN SCRAP PRICES FOR CARS
6. USE THE WEIGHT OF YOUR CAR AS A LAST RESORT
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