If you have a junked vehicle in your possession, you might be ready to sell. But which selling strategy will render the highest gain? Selling your junk car as one piece, or parting it out and selling each piece individually? This decision is an important one considering it will have a major impact on your profit margin. Continue reading to learn the pros and cons of parting out a junk car, plus which auto salvage yard to trust for the fairest payouts in Louisville.
Junk Car Value
A junk car that retains all of its parts, whether working or not, will have a decent return value. The scrap metal market is good right now, so you can expect to make anywhere from $100 to $300 for your junk car. Newer model vehicles with all parts retained may render a junk car cash payout of $300 to $600. It all depends on various factors, such as the car’s make, model, condition, and location, as well as the current scrap metal prices, discretionary rates of the junk car buying company, the accuracy of your junk car appraisal, and more.
Parting Out Versus Selling Whole
Parting out a junk car and selling each individual auto part separately can certainly rake in more profits. Currently, the most valuable car parts are engines, catalytic converters, air conditioners, alternators, starters, radiators, tires, and wheels. However, there are good reasons why few people choose this approach. In order to dismantle a vehicle according to industry standards, a specific set of tools and materials are required.
Furthermore, it takes automotive acumen, skill, and training to know how to properly dismantle a car. If you are not a trained mechanic with this knowledge and equipment, you will need to hire one for the job. This costs money, usually between $500 and $1,000. This cost is deducted from the total profit you stand to make from your selling efforts.
Another downfall is the hassle. Listing, negotiating, selling, and distributing your auto parts will take a lot of time and effort. If you are not up for the job, you can hire an assistant or third-party seller to do it for you, but the key word here is hire. This costs money, which takes away from your final profit. Will the cost to hire a mechanic exceed what you will make back from your car parts? Is it cost-effective? Do I have the time to sell everything? These considerations are ones you need to make before moving forward with auto dismantling.
When you sell your junk car whole, you do not have to cover any additional expenses unless the auto salvage yard charges fees for intake or towing. It is important to choose a certified Louisville junk car buyer to avoid having to pay any such fees. A reputable cash for cars company will not charge you fees for towing, haul away, estimates, or service fees.
Are you ready to sell your car whole? Or do you want to sell some old or junked car parts? Contact GC’s Junk Cars at 502-804-5605 to sell your car for cash on the spot to a trusted Louisville junk car buyer! We offer free junk car removal in all surrounding counties.
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