You’ve finally come to the conclusion that it’s time to junk that old car. You’re concerned that others won’t see its value like you do. You must face the hard truth: the worth of a junk car is not based on how much fun you had in it, but on how much the metal is worth to a salvage yard.
Cash for Junk Autos NJ will give you an honest and fair price in cash for your junk car. Here’s some insight into how businesses in the car salvage industry arrive at estimates for that old clunker. There are actually many considerations that go into making assessments for the value of a car.
Location:
If you can’t drive your vehicle in, it will have to be towed. That involves gas and labor; so transporting your car is usually taken into account when any junk car buyers NJ give you a quote.
Condition:
In many cases, junk cars NJ are end of life vehicles, meaning they are good only for recycling materials. Individual components are too damaged or deteriorated to be worth re-selling. Therefore, when you junk your car it typically will get crushed and sold for scrap metal.
Occasionally, salvaged cars are sold at auction to people who will fix them up and resell them. If this is the case, the vehicle’s owner will often get a higher quote from our company. Additionally, Cash for Junk Autos NJ does buy vehicles that are not junk as well. We are happy to come out and evaluate your vehicle. We often buy newer model vehicles for more money, other than a scrap price.
Year, Make & Model:
Most estimates are based on the curb weight of your vehicle. Each vehicle has a different weight. Smaller sedans like a Honda Accord bring less money than a larger SUV like a Dodge Durango. Our cash for junk autos NJ specialists weigh out each vehicle carefully to ensure you are paid the highest price possible.
Current Price of Scrap Metal - Why are Junk Car Prices So Low?
This is a major factor in your quote, since most junk cars for cash NJ are sold for metal recycling. An industry-wide high price will raise your estimate; however, if the overall industry price plummets, your appraisal suffers. The era of the “$500” junk car is long gone.
Today’s price market for scrap metal is not great. Domestic demand has remained about the same, but exports are very low. If your junker is good only for scrap, the quote is based on its weight. Steel accounts for that and it’s priced per pound, NOT the Kelley Blue Book, NADA Guide or Edmunds.
Each of these factors plays a role in determining the estimate when selling junk cars NJ.
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