A person might possess a junk vehicle for various reasons. Sometimes a person cannot afford car repair or another insurance claim after totaling their car; other people start car remodeling projects that they never got around to finishing; while the rest simple inherits a vehicle that has no particular use. No matter the reason for owning a junk car, a person has options for getting rid of it, and for a profit.
Continue reading to learn what a junk car is valued at in Indiana, and who to call for the highest return for your asset.
The Basics of Appraising a Junk Car
The items that make a junk car valuable are made from metal. And the most valuable metals in a junk car are its parts, like the catalytic converter made primarily from platinum. If your junk vehicle has all its parts intact, even if they are not functional, they are worth good cash. The rest of the steel in the vehicle is valuable and recyclable as well. Even the headlights, taillights, fenders, bumpers, windshields, tires, and more are reusable and valuable. So, the more intact your junk car is, the more money it will be worth to a junk car buyer.
Let’s say your junk vehicle is not very-well intact, missing valuable auto parts like the motor or catalytic converter, it is still profitable. The steel, steel frame, and more can be sold for cash and recycled at a junk car lot. Although the overall value and return is less, it is still worth something.
The current metal prices in the market determine the maximum payouts at local junk car buying lots and scrap metal recycling centers. So, one year steel can be worth more, while the next it brings in less profit. This is how junk car buyers evaluate the overall worth of a junk vehicle.
Indianapolis Auto Recycling Services That Pay the MOST
Contact Zore’s Recycling at 317-244-0700 to request a free estimate for your junk car in Indianapolis, Indiana and its surrounding locations. We are a leading source for junk car recycling and auto salvaging in Central Indiana because we pay top-dollar for the scrap metal in your vehicle! Regardless of its condition, we pay CASH ON THE SPOT whether running or not. It doesn’t even have to have all of its parts! And we don’t just take in cars and trucks; we buy all motorized commodities, including tractors, lawn mowers, forklifts, watercrafts, airplanes, and more.