Top 2 Precious Metals in Junk Cars

Precious metals are naturally-occurring elements with high economic value. Common precious metals include gold, silver, platinum, titanium, tungsten, and cobalt. In the junk cars market, precious metals play an important role since they have higher economic value compared to the majority of metals found in cars, like steel and iron. If you have a junk car at your discretion to sell, you may just want to move forward with a deal while metal prices are good. That is because junk cars, although “scrap”, may still contain precious metals.

Continue reading to learn which precious metals are most common in automobiles, and how much you can expect to get for them in terms of a cash payout from a local junk car buyer.

Louisville Junk Car Buyers 502-804-5605
Louisville Junk Car Buyers 502-804-5605

💿 Platinum

Platinum is one of the most known and obvious precious metals in vehicles because of the catalytic converter. Catalytic converters are mostly comprised of this precious metal, but might also contain various others, such as palladium and, rhodium. Furthermore, catalytic converters retain other valuable metals, like ceramic, or even metal foil and shielding. Like all metal, platinum is priced by weight on the market, and changes depending on various influences, including changes in national and international economics. Right now, platinum is worth around $850 or so, depending on the grade.

But don’t think you are going to get $800 for just this piece alone, and then more for the scrap metal in your car; it doesn’t work that way. The reality is, a standard catalytic converter usually has between 3 and 7 grams of platinum group metals, which means that the average amount of platinum inside ranges between 0.10 and 0.24 ounces. So you can expect your catalytic converter to be worth between $80 and $100 or so.

📀 Gold

Gold is another common metal found in junk cars, especially if they are newer models. Gold-plated fingers in computer circuit boards are the first place scrappers look for gold in a junk car. Computer systems like GPS, airbag units, stereos, cameras, DVD players, and electrical systems, use computer boards that may contain gold; they may even contain silver and other precious metals too!

Right now, gold is worth around $1,300 per ounce. But do not expect to recover hundreds of dollars’ worth of gold in a single junk car; the average amount of gold per vehicle is around a few grams or so. Nonetheless, gold in junk cars still makes junk cars that much more valuable!

Sell a Junk Car Today!

GC’s Junk Cars Louisville Kentucky
GC’s Junk Cars Louisville Kentucky

Call GC’s Junk Cars at 502-804-5605 to sell a junk car in Louisville and its surrounding areas. Not only do we accept all vehicles, regardless of age, make, model, and condition, we also payout the highest returns for junk vehicles in Kentucky. Just accept our offer and we will come pick up your junk car! Contact us today to request a free estimate!

How Much Money is My Junk Car Worth?

When you are ready to get rid of your junk car, your first thought is likely about its economic worth. The best way to estimate how much money you can expect to get for your junk car is to learn more about the industry. By knowing what junk car buyers are looking for and why can help you understand the probable total value of your junk car.

Continue reading to learn how junk car values are estimated, and how to get the most money for your asset.

Louisville Junk Car Buyers 502-804-5605
Louisville Junk Car Buyers 502-804-5605

Junk Car Values

The formula used to assign a dollar value to a junk car is pretty straight forward. You see, junk car buyers purchase junk cars and scrap them for the metal. So the current market values for metal, combined with the total weight of the vehicle and the quality of metal within it, are the primary factors that will affect how much a junk car is worth.

In order to determine this value, junk car buyers use a variety of techniques and approaches. The more professional businesses will retain innovative technologies, such as XRF analyzers and electronic platform weight scales, to ensure a more precise evaluation. Other business might rely on a mathematical formula that calculates current metal values with the contents of the junk car.

Local Junk Car Buyers

To get the highest payout for your junk car, it is vital that you choose a reputable and experienced junk car buyer in Louisville. They will have the best resources, which means they will be capable of providing accurate assessments and fair payouts. They should also be able to provide flexible pickup and haul away service at no extra charge to you.

So where can you find such a company in your town? Start with references, and then refer to your community’s business recommendation portals, online. If you live in Kentucky, you are in luck! See our blog, “How to Sell a Junk Car in Louisville” to learn just how easy it is to get started! Or skip straight to the finish line and simply call GC’s Junk Cars at 502-804-5605 to sell a junk car for cash on the spot!

GC’s Junk Cars

GC’s Junk Cars Louisville Kentucky
Call 502-804-5605 Today!

Here at GC’s Junk Cars, we are a local auto salvage yard in Louisville that offers the highest cash payouts for junk cars and motorized commodities in Kentucky. For more than 2 decades, we have buying and recycling junk vehicles and scrap metal, all while paying sellers cash on the spot! Call 502-804-5605 to request a free estimate, anytime.