Have you been wondering what your scrap car is worth in the local market? We have got you covered! In this blog, we have provided all the details you need to price your scrap car.
According to the data collected from the Brisbane marker, people can expect to get somewhere between $100 – $500 for smaller vehicles. $200 – $1000 for medium vehicles and around $300- $10,000 for more significant and commercial vehicles.
Junk cars value is mainly based on the usable metal present on the car’s body. All scrap car buyers pay depending on the weight of the metal and take into account some usable parts that can be sold. But because there are few usable parts in junk cars, they are not taken into account by most car buyers.
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How To Quickly Calculate Your Car’s Scrap Value
You are bound to receive different quotes from different car buyers, but they all use this same basic formula to determine the car’s value no matter what they offer. And pay you the lowest price.
Customers are paid the lowest price because most of the parts in the cars are bound to be thrown out. Items such as glass, windshield, seats, and rubber components are waste and not to be counted in the price of the vehicle.
The formula to calculate a car’s scrap value:
Car weight in tons × Scrap metal price per ton
How To Get Top Scrap Car Prices Near Me
So how exactly can you get top cash for cars in Brisbane? We will be discussing this below. Selling a scrap car is not something people do every day, and unlike newer cars, there are no set prices for each make and model. That’s why it’s quite challenging to know precisely what the car is worth. That’s why we created a list below to help you avoid scammers and people who offer too low of prices for your vehicle and receive the maximum amount for your vehicle.
Keep Track Of Current Scrap Prices
If you want to sell your junk car, it’s important to know when the scrap metal market is doing well and when it’s not. As the amount you will receive for your vehicle is directly linked to the metal prices so making a spreadsheet for over a few months can help you sell it at the right time.
Another thing you can do is:
- Check the Metals Market
You can find a lot of information regarding scrap metal prices online. There are various websites dedicated to this and can help you make an informed decision.
- Contact a Junk Car Buyer
Junk car buyers can be a great source of information. Along with that, some of them can also provide accurate assessments for your vehicle.
Don’t Wait – Your Cars Value Will Reduce Even More
The longer you wait to sell your vehicle, the more its value will depreciate. Soon the parts of the car that work may stop working, or due to weather conditions, the perfect body of the car may rust. Therefore to avoid all these and get the highest cash for scrap cars in Brisbane, sell them fast!
Make Sure You Get More If Your Car Is Drivable
If your unwanted vehicle is in running condition, you can surely get more money for it. Roadworthy vehicles can be auctioned off, sold for parts, and used for scrap metal. Therefore these vehicles will get you more cash compared with non-roadworthy vehicles.
Make Sure You Get More If Your Car Has Salvageable Parts
Most scrappers pay you for the metal on your vehicle. This amount can be a bit low. But if your car has salvageable components, you can ask for a better price. Scrappers do buy vehicles with parts that can be resellable such as good tires, working alternators, exhaust systems, etc.
Never Accept A Price That Comes With Conditions
Some scrap yards offer much better prices to attract customers but make low ball offers after inspecting the car. Therefore, make sure you choose a reliable scrapper with a high customer satisfaction rating and always give an accurate description of your vehicle. This way, you would avoid these unethical businesses and sell your car for the highest cash in Brisbane.
Your Scrap Car’s Overall Weight Is A Big Part Of Its Value
If you want to sell your car as scrap, most of its value is depend on the amount of usable metal it has. Aluminium, copper, steel, and other metals all are found on your vehicle, and if their rates are high in the market, you will be able to get a better price for your vehicle.
The most recent statistics for metal content for a regular sedan are as follows:
How Scrap Metal Prices Affect A Scrap Car’s Value
Many factors affect the scrap metal prices, which in turn affects cars value:
- Industrial demand
The development of construction, technology, and automotive industries affects the demand for these scrap metals. Therefore the higher the demand, the better prices will be for scrap metal.
- Current market prices
When the market is going through a boom, and there is a great demand for scrap metal, this will lead to better metal prices and improve the value of your scrap car.
- Time of the year
Time and seasons also have a significant impact on scrap metal prices. So before selling your car, figure out exactly which season will benefit you the most.
- Worldwide events (such as the COVID19 pandemic)
Due to the pandemic, many companies stopped their operations, drastically reducing the demand for scrap metals.
So, if you own a vehicle worth selling, do complete market research and figure out the best time to sell your junk car. But if you find all of this process too complicated and time-consuming, give SpeedyCashForCars a call.
We are a trusted and reliable scrap car buyers that offer top cash for cars Brisbane up to $9,998 and provide FREE vehicle removal services from across QLD.