If you want to sell a junk car, your first thought is likely regarding the limits to the amount of profit you can make. The truth is, the value of a junk car is dependent on several factors, some of which are unique to the vehicle itself, while others are ever-changing and never constant. To help better understand how much profitability your junk car has to offer, continue below and review some of the most frequently asked questions about the worth of salvaged cars.

What Influences the Worth of a Junk Car?

The most influential factors that determine how much a junk car is worth include the current market value for the vehicle, the make and model of the vehicle, the condition of the vehicle, how much repair it will take to get the car running again, and the location of the vehicle. However, the number one factor that influences how much a salvaged car is worth is the current metal market. The market is the ultimate decision-maker when it comes to the value of a junk car. Along with the current price of metal on the market, other factors, such as metal demand, import/export trade tariffs, the strength of the U.S. dollar, the strength of the Canadian dollar, and business overhead costs, all affect how much you can get for a junk car. Additional factors can include natural disasters, elections, political events, wars, and the general condition of the global economy.

Can I Sell a Junk Car With No Title?

A vehicle with a title is worth more because of the potential to resell, however, you do not necessarily need one to sell a car, especially if you are doing business with a scrap yard or junk car buying company. Although you can sell a junk car without a title, you will still need to provide alternative documentation to prove ownership of the vehicle. This might include the registration, insurance policy, or similar legal documents. You can also choose to replace a lost or stolen car title. See our blog, “How to Sell a Junk Car Without a Title” to learn where to get started.

How Much is a Catalytic Converter Worth?

Since catalytic converters are primarily manufactured from platinum, which is a highly-valuable precious metal, they are prized parts in a junk car. If a junk car is missing its catalytic converter for some reason, it will be appraised at a lower value than if it did have one. Catalytic converters also contain additional precious metals, like nickel, manganese, rhodium, palladium, and cerium. Depending on the type of catalytic converter, the values vary. Generally, their market values linger between $45 and $90, but can be as low as $8 and as high as $250 or more. See our blog, “Current Scrap Prices for Catalytic Converters” to view the market values from April of this year.

How Do I Sell a Junk Car?

The first step to selling a junk car is locating local buyers. Once you have a list of seemingly-trusted junk car buyers, begin calling each one and requesting a free quote. Some companies will require you to bring your vehicle in for an in-person evaluation, while other companies are equipped to provide virtually accurate estimations over the phone. From there, choose a Louisville junk car buyer that you feel offers the most cash and the best amenities, such as free pickup and towing. Just be sure to choose a company that will give you payment on the spot!

Who Will Pay the Most for Junk Cars in Louisville?

Call GC’s Junk Cars at 502-804-5605 to sell your junk car in Louisville and its surrounding areas. Not only do we accept all vehicles, regardless of age, make, model, and condition, we pay the highest returns for junk vehicles in Kentucky, all in cash! Just accept our offer and we will come pick up your junk car! No title? No problem! Contact us today to request a free estimate.

Louisville Junk Car Buyers 502-804-5605

First – Find a Reputable Junk Car Buyer

If you want to make the most money from selling a junk car in Louisville, you must first make the right choice of buyer. There are dozens and dozens of fly-by-the-night junk car buying companies that do not offer responsible nor honest service. It is important that you filter out the unprofessional ads and choose a local and experienced Louisville junk car buyer who will provide the full and fair amount of money you deserve for your junk vehicle. In addition to honest quotes and payouts, look for a company that can also provide convenient customer amenities, such as free haul-away and cash payments.

Second – Locate Proof of Ownership

In addition to finding a local and reputable junk car buyer, you want to begin the junk selling process by locating the title or proof of ownership for the vehicle. If you cannot find the title of the vehicle, you may be able to prove ownership other ways, such as the car’s registration, insurance, and more. Contact a local and trusted Louisville junk car buyer for details on how to sell a junk car without a title. In fact, stay tuned for next month’s blog explaining exactly how to do this!

Next – Contact Your Choice of Buyer for a Quote

Once you have chosen a list of potential junk car buyers you are interested in doing business with, your next step is to contact each one and request a free, over-the-phone quote. Now, you have two options here: you can both trust and accept the phone quote, or you can choose to bring your junk car to the complex to be weighed electronically. Your choice depends on the quality of your junk car. The more common option is to accept the phone quote since most junk cars fit into a standard weight bracket for scrap metal. However, if you have a 2010 Lincoln Navigator that has been totaled, you might want to bring that in for on-site evaluation. Trust the advice of your licensed junk car buyer if you are unsure.

Last – Accept the Offer and Schedule a Pickup

In the case that you have accepted the phone offer, you then would just need to schedule a time for the junk car buying company to collect your vehicle. Hopefully, you have chosen a buyer who provides free pickup with their own, in-house tow truck; otherwise, you will have to pay out-of-pocket to have your junk car transported to their lot. Once the tow truck operator arrives to haul away your junk car, simply hand them the documents requested by the buyer, and they will hand you CASH ON THE SPOT! You may receive a check in the mail instead, if you have chosen a company that does business this way.

Or Just Skip the Hassle and Trust Our Pros!

GC’s Junk Cars Louisville Kentucky — Call 502-804-5605 – Louisville Kentucky

Call GC’s Junk Cars at 502-804-5605 if you have a junk car to sell 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! No title? No problem! Contact us today to request a free estimate.

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Pertinent FAQS About the Worth of a Junk Car