Scrap car value calculator
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Guide for Estimate Scrap Value Car
Reasons to Eliminate Your Car for Scrap
There are different reasons you may choose to dispose of a car for scrap. Your automobile has died, or it needs costly repairs, or you’ve had an accident, and the insurance company wants to write it off.
My Ride has Died
A cracked engine block, damaged differential, or a short that has wiped out the electronics can cost thousands of dollars each to repair. Repairs that exceed the value of your vehicle often aren’t worth repairing, which means the end of your ride. Determining how to dispose of it, though, may require some leg work.
A vehicle that still works but costs hundreds of dollars in monthly or weekly repairs can drain the bank balance quickly. Deciding when enough is enough, and eliminating the money pit may be difficult. However, once you reach your limit, it’s time to explore what to do with it.
It’s a Write-Off
After an accident, an insurance appraiser will calculate the salvage value of a car. It will depend upon the make, mileage, model, year, and the damage it may have sustained. They’ll look at the depreciated value compared to the Blue Book, the potential salvage value, your deductible, and offer you a settlement amount that could be as low as 20% of the current retail value.
Benefits of Scrapping Your Car
Before you accept the insurance payout or turn it into a lawn ornament, you’ll want the car’s scrap value estimate. The average price for junk cars isn’t just pulled out of a hat; there is much information used to come up with as accurate value as possible. Automobile scrap prices are also based on the weight and current value of different metals and materials in a vehicle.
Scrapping your car means all metal, glass, plastics, and rubber are recycled. Fluids are also collected and recycled too. Over 80% of your car is reused, saving precious earth resources and the environment. Not only do you help the environment, but you get rid of that money-sucking eyesore, and you get cash in your pocket.
How to Calculate Salvage Value of a Car?
There are several factors that make up an automobile salvage value calculation, including make, model, mileage, age, and condition. The current market value for scrap materials and certain parts are other aspects a junk car value estimator will consider.
What is ‘Salvage Value’
The salvage value is determined using a scrap car value calculator that uses the Kelly Blue Book retail value and the National Automobile Dealers Association (NADA) wholesale guide. The two values identified for a specific vehicle are averaged, and the salvage value is approximately 25% of that average.
Make and Model
The make and model are necessary for a vehicle scrap value calculator to determine a salvage value. Some makes and models of automobiles are more valuable in certain areas and can bring a higher profit.
Mileage is an important part of determining salvage value. The more miles on a vehicle, the more wear and tear its parts will have. Low mileage on a scrap car means salvage companies may make money selling parts to mechanics, body shops, and restorers. The lower mileage often improves the salvage value.
The age of an automobile is an important input in the salvage value of cars calculation. The age helps determine if parts are still in high demand or obsolete. Many cars being scrapped are 10 to 15 years old or older, which means parts are likely worn, and there are fewer people in need of parts.
The condition of a car can also increase or decrease the salvage value. A write off that’s five years old or less, often has salvageable parts that will be in demand, so has a higher return than an older car in better condition. A 15-year-old car that still works will also fetch much more than a comparable vintage that’s been stripped of parts and is sinking into your lawn.
How to Use Our Scrap Car Value Calculator
If your car needs costly repairs, is damaged, written off, or no one wants it, it’s time to look for a scrap dealer. Before you call a scrapyard, check out the current scrap metal prices for cars. That will give you an idea of what your car might be worth and if a junk dealer is low-balling you.
Many reputable junk car dealers use a junk car value calculator to determine salvage values, and some, like us, provide it online for you to use without commitment. If you want the average salvage value of a vehicle, use the scrap value calculator from several sites. We suggest you take the time to input the required information into our car scrap value calculator.
All you have to do is enter the VIN or the make, model, and year. The next steps are identifying the mileage and condition so we can offer you our best price. If there are other details you feel may be important, let us know. The more information we have the better.
Once you submit the information, we’ll make you a no-obligation top-dollar guaranteed offer. There are no hidden fees, and we do all the paperwork. Once you decide to accept our offer, we schedule pick up to suit your schedule, even on the same day. Our friendly driver will call and confirm their ETA, and pay you what you agreed to at pick up. No curbside haggling or negotiating. Payment is secure e-transfer, cash, or through other available formats.