A Guide to Selling Metal Car Parts for the Best Price
Do you have an old car sitting there, gathering dust that you want to sell? Well, congrats! You’ve found just the right junk car dealer to take care of your worn, rickety ride.
Now if you have dabbled a bit in junk cars for cash, you probably know of the following factors that decide the price of your car.
Vehicle’s year, model, and make
Condition and mileage of the car
Demand for car parts
Prices of scrap metal
In this blog, we are going to take a closer look at how metal impacts the price of your junk car.
Demand for the Metal
We will begin with the point that most people gloss over, i.e. the demand for metal in the market. The market demand for metal fluctuates a lot. While scrap metal sells at a few cents per pound on a regular day, a rise in demand might push the price up to $2 per pound.
Hang on for a while and keep an eye on the demand and price, once you see a good number, sell it.
Price of Metal
Metals like aluminum and steel almost always sell at around $0.1 per pound. Rarer metals like titanium are priced at $0.35 per pound on average. The above prices are only the gross average, sometimes titanium can sell for $1 per pound as well. It comes down to research and patience.
Type of Metal
Car makers use four metals in the manufacturing process, namely aluminum, steel, magnesium and titanium.
Now, aluminum, steel and magnesium are available in abundance. One can't expect them to fetch very high prices. Titanium though, is more exotic. Many industries buy titanium from scrap car dealers.
You can form a general estimate of how much the metal is worth by multiplying your car's weight with the current rates.
Corrosion of Metal
Rusted metal does more harm than just marring the appearance. Corroded car parts are not as valuable because the damaged metal can no longer be used to produce high quality crude metal. Automobile recycling plants refuse to buy rusted metal and even if they do, they seldom offer a good price for it.
Sell Your Junk Car to Us
Cash 4 Cars, Oklahoma City buys all sorts of old and wrecked cars, running or not. Since our founding in 2006, we have been the city's trusted dealers to sell junk cars for cash. Visit our website for a free appraisal of your car today! Our towing services are free of charge. To know more about our services, give us a call at 405-990-9535.