Do you have an old car that takes up space in your garage and gathers dust? If so, maybe you are wondering how much money you can get when you scrap your car. Most individuals do not realize that even though a car is not operational, it is still worth something.
In this blog, we will elaborate on how much you will receive if you scrap your old car, what factors influence the price, and how you can negotiate the optimal deal.
How is a Scrap Car’s Value Determined?
The price you get if you scrap your car depends on a number of factors, including:
1. Weight of the Car
Scrap yards only pay by weight of metal from your car. Cars are made of mostly steel, so the heavier your car is, the more it tends to earn. If your car does have aluminum parts, those contribute value too.
2. Current Scrap Metal Prices
The worth of scrap metal is subject to the market demand. When metal prices are high, you will get a good amount of cash for your vehicle. In times of low demand, you might not get much.
3. Condition of the Car
Even though you are scrapping your car, there are parts that are not yet worthless. If you have usable parts like the engine, gearbox, or tyres, you are likely to get a higher price for it.
4. Make and Model
Certain types of cars have parts which are in great demand. If the car is from a popular model, scrap operators can pay handsomely for reusable pieces.
5. Location
Scrap car prices will vary depending on where you live. Depending on demand for scrap metal where you are, you could secure a good rate.
How Much Will You Receive?
Subject to the aforementioned parameters, what money you get in return for scrapping your used car could vary from several hundreds to a couple of thousands of rupees. Here is an estimated guess:
- Small Cars (Hatchbacks & Compact Sedans) – ₹10,000 to ₹30,000
- Mid-Size Cars (Sedans & SUVs) – ₹20,000 to ₹50,000
- Large Vehicles (Trucks & Heavy SUVs) – ₹40,000 to ₹1,00,000
Keep in mind that these are just an estimate. The price may vary based on the market and the specific car you possess.
How to Get the Best Price for Your Scrap Car?
If you wish to receive the highest when you junk your vehicle, do the following:
1. Compare Prices with Scrap Dealers
Different scrap yards will offer different prices. Contact a few scrap car buyers and have their prices compared before you make a decision.
2. Sell Working Parts Separately
If your car has working parts, take special care to sell them separately. The battery, tire, and even the stereo system can earn you extra cash.
3. Select a Reliable Scrap Car Purchaser
Sell your vehicle to a reputable and licensed purchaser. There are dealers who quote a high price but later cut it with extra charges.
4. Look for Extra Charges
There are scrap dealers who charge towing fees, which can lower your payment amount. Seek buyers who provide free pickup.
5. Negotiate the Price
Don’t be afraid to negotiate. If you know your car is worth roughly a certain amount, you can use that to negotiate a good price.
What Do You Do with Your Car After Scraping It?
When you scrap your old vehicle, the buyer will dismantle it and recycle the metal and parts. This is environmentally friendly and keeps the waste down.
- Before you donate your car, make sure that:
- You take out all your personal belongings.
- Cancel the insurance and registration.
- Receive the documents from the buyer.
Conclusion
Trading in your old vehicle is an excellent way of acquiring some quick cash with the extra advantage of supporting the environment. The money that you will receive will vary depending on your vehicle’s weight, condition, and the price of scrap metal. To get the best deal, compare quotes, bargain, and choose a reliable buyer.
If you’re looking to scrap your car quickly and for a fair price, consider using a professional car scrapping service like CARin30. You’ll get a hassle-free experience and instant payment!