Thursday, April 12, 2018

Spring Time - A Great Time to Junk that Old Car for Cash!

It’s springtime -- time to start cleaning up your yard –- maybe sell car for scrap (cash) that has been lying around all winter.  But you really need a good price for it, even if it’s an old car.  Maybe you want to put that money towards a new car??

But who buys junk cars? WE DO: Cash for Junk Autos NJ has been premier junk car buyers in New Jersey for many years. We are a trusted and reliable local business.

It is important that our customers are realistic when selling their junk cars. Although things are much better than they were only a few months ago, the market for automotive scrap still isn’t that good to get cash for junk cars currently.

Here, at Cash for Junk Autos NJ, we want to give you an excellent price for your vehicle; but the scrap metal market is on a down cycle. Thankfully, in 2017, scrap metal prices have been rebounding. It’s easier now to sell my junk car for cash.

The Lead-Up
Scrap steel is big business; it’s essential to the steel industry. It can be recycled numerous times without becoming weaker. Reusing steel requires less energy and creates less pollution compared to refining steel ore. Each year, 80 million tons of steel is recycled into new products, including construction materials, appliances, guardrails, fire hydrants, bridges, file cabinets and vehicles.

In 2014, the scrap metal industry was fat and happy. Early in the year, scrap steel was going for $400 per ton. Junk car buyers all the way down the line were doing well and paying cash for cars.  Selling a junk car for $500 cash was no problem. By summertime, the price had dropped by about $50. Then prices dropped again another $50 during the fall. The biggest shock was waiting right around the corner. During February 2015, the price fell by $80. In one month! People still wanted cash for junk cars in excess of $500 but the market said otherwise.

2016 was a fairly steady year and we started seeing rebounds in the market towards the 4th quarter and currently into 2017.  However, we still can’t pay $500 for junk cars. Well, not for most of them anyways. But we will give you a fair price when you are looking to get cash for your junk car.
We offer a smooth process that is quick and easy when we are buying your car.

Step 1: Make sure you have the title for the vehicle. If you do not have the title, you may provide a state registration card and driver’s license.

Step 2: Determine what the car is really worth. You probably think it is worth more then it really is so now is a good time to take a step back and determine what you think the car is really worth.  Is this car going to be scrapped? If so you may want to familiarize yourself with the price of steel.

Step 3: Call us, Cash for Junk Autos NJ
973-699-6005 to get a free cash quote.  We provide same day, free towing and offer cash on the spot!

Step 4: Make an appointment. We are happy to come out at your convenience and tow away that unwanted, unsightly junk car.

Don’t Hesitate – Junk your Car Today for Cash! 

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