What Is Your Junk Car Worth in 2021?

What Is Your Junk Car Worth in 2021?

Every car owner would want to get top dollar for junk cars. The cash obtained through selling a junk car can be used in numerous ways. But the question is how to get the best possible deal for a junk car. Old cars can be traded-in but dealerships offer very low prices for junk cars. Selling your junk car to a Cash for junk cars service can be the best option to earn top dollar for junk cars fast.

Re-selling your old car to dealers or other buyers may not fetch you a decent amount of cash for junk cars. On the other hand, scrap car removal services evaluate the junk cars’ worth and pay the best possible Top dollars for junk cars. Hence, cash for junk cars service might be what you’re looking for. Read on to know more about finding your junk cars’ worth.

What is a Junk Car?

You probably think that old rusty cars that are not derivable are junk cars. But you may be wrong here because a junk car does not have to be damaged, rusty, old, decaying, and non-derivable. A junk car can be any vehicle that is of no use to the owner due to recurring repairs, damages, or any other reason. If you own a vehicle that is of no use to you then the best possible way to get top dollar for junk cars would be to sell the junk car to cash for junk cars services.

How much is your junk car worth?

Cash for junk car services evaluate a junk cars’ price based on the price of steel and other metals comprising the vehicle. A junk car or other automobile vehicle mainly consists of steel and aluminum. A single car can be scrapped to obtain approximately 2,400 pounds of steel and 300 pounds of aluminum. That is why the market price of these metals reflects the prices of junk cars. Junk cars’ value is calculated based on their weight. If the junk car is heavy then you can earn more cash for junk cars.

Current prices for junk cars

Finding a scrap car buyer in Chicago who offers top dollar for junk cars can be difficult. You can still do some research online to find out reliable scrap car buyers in Chicago. Reputable scrap car buyers like Cash For Junk Cars Chicago – Smart Tow Inc. offers top dollar for junk cars in any condition. 

The price of the junk car is highly dependent on its weight and market value of scrap metal because the vehicle will be scrapped and all the materials are recycled to produce new products. When you choose to sell your junk car to scrap car buyers like Cash For Junk Cars Chicago – Smart Tow Inc. you can expect 300$-1500$ cash for junk cars. And if your vehicle is heavier like Trucks and Vans, then you can expect a higher amount of cash for junk cars.

 How to calculate your junk car’s value?

Not all scrap car buyers provide top dollar for junk cars, different scrap car buyers offer different prices for junk cars. Hence it can become a bit difficult to know if you are underpaid or not. We recommend that you should calculate your junk cars’ value before re-selling them.

Several junk car buyers calculate their prices based on the minimum value. The majority of the junk cars are damaged beyond repairs and junkyards try to earn some money by re-selling the parts of junk cars that are in good condition. Hence they use an estimator formula to know the least possible income they could obtain from the junk car.

The minimum value of the junk car can be obtained by multiplying the weight of the car with the current price of scrap metal.

The basic formula to ascertain the minimum value of a junk car is

Junk Cars’ Weight (in tons)  X Scrap Metal Price (per ton)

If all this sounds like too much work to you, then you can choose to get a free quote from us here.

How to get a fair price quote for junk cars

There are several junk car buyers out there who pay cash for junk cars. Before you sell your junk car, make sure that the scrap car buyer is legitimate and is offering top dollar for junk cars because every car is worth a good amount of cash. Beware of scrap car buyers who quote a higher price and lower their price when they actually buy it.

We could relieve you from all the trouble that comes with junk car selling. All you need to do is contact us at +1 708 663 1010 or fill in our Enquiry form to get a free and fair quote instantly.

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