Are you searching for the average prices of junk cars in the US? Are you tired of that old car in your garage and looking for the best ways to sell it? Perhaps, you have little information on the value of your junk car prices and want to know how much it would cost to sell it?
Junk cars no matter the looks, are valuable depending on several criteria. In this article, you will find the average prices of junk cars in the US, as well as factors affecting price, how to determine it, and the benefits of disposing off using your junk car.
How to Calculate the Value of Your Junk Car
You might be wondering, “how much does your old car worth”? Your junk car value depends on several factors, especially the metal prices and the model.
If your car does not have spare parts for sale, then it would go off as reusable metals in recycling companies, and the average prices of junk cars in the US will depend on the weight of the car’s metal parts.
According to Statista, the average weight of a car is from 2,000 to 3,000 pounds of steel. And that’s not all; cars also contain other metals like aluminum and copper which have their weights.
So how much does your junk car worth? According to the scrapmetalpricer, scrap steel sells for $208 per ton which equals $0.10 per pound. So when you get the weight of your junk car, it’s super easy to estimate the average price in the US by multiplying by $0.10!
What is the Average Prices of Junk cars in the US?
From the report above, having that the average price for a pound of steel is $0.10. Then the average prices of junk cars in the US is between $150 – $300 for mid-weight cars. Then around $100 for low-weight ones while high-weight cars can sell for $350-$550. However, some junk cars can sell for as high as $1000 and above depending on the model and the damage.
Conditions that affect the Average prices of junk cars in the US
The demand for scrap metals is one important factor that determines the average prices of junk cars in the US.
During the coronavirus pandemic, there was a huge decline in the demand for scrap metals as many countries depended solely on their steel production and reduced consumption of global scrap metals.
This low demand caused the prices of scrap metals to drop quickly, and as expected, your junk car value will be low during this period.
However, post-pandemic, the prices of scrap metals have started to surge. There is now more demand which will increase the price of junk cars. According to expert analysts, the prices will keep increasing as there is now more demand than before.
Another criterion that determine the worth of your junk car is its model. Which kind of car do you want to sell? What is the year, make and model? New model cars usually sell for higher money than older models.
3. Condition of car
Your car’s overall condition will determine the average prices of junk cars in the US. If your call is very bad and has lots of damaged spare parts, it will sell for less than one with more spare parts
How to Sell Your Junk Car for cash in the US
When you want to sell your junk car, who do your run to and how can you sell it? Fortunately, there are tons of options to sell your car;
1. Sell through Online platforms
Some people need a particular type of junk car to fix and resell. You can sell to these private parties using online platforms like Craiglist. The advantage is that you get higher cash value but the downside is that getting a buyer can be quite cumbersome compared to others.
2. Sell by parts
Your car spare parts are a lucrative way to make money. There are plenty of people who deal with car spare parts and will want to purchase them. You can get started by looking for buyers who would purchase each part. This method can also yield higher profits but will need buyers who would take each part for maximum benefits. Asides from that, you can still sell the whole junk after buyers have extracted the entire parts. More profits!
3. Use the Junkyard sale
Selling through a junkyard sale is beneficial if your car is purely scrapped with less valuable parts. Your cash depends on its weight, which will late the scrap metal value.
Benefits of selling your junk car for cash
The great benefit is getting extra cash for that junk car. Leaving a non-functional car to keep littering the surroundings with oil fluids is bad, and since it doesn’t function again, selling it is sure a plus for extra money!
Final words on the average prices of junk cars in the US
The average prices of junk cars in the US is $300. The broad range of how much you can sell your junk car has as described above. So go ahead and get profit for that old clunker in our driveway!