When it comes to calculating the scrap value of a car, it can seem tough or like it’s “rocket science”. Thankfully, we have eliminated the difficulty and want to pass this easy formula to you!
Chances are, that you may receive various offers for your old vehicle, when dealing with a plethora of cash-for-car companies and businesses. All of them use the same and most basic formula when quickly establishing scrap car prices. Junk car and scrap car buyers use this basic and easy formula to offer the absolute smallest amount of money for which they can obtain your vehicle. Once you know this formula, you will have a “ballpark” figure or estimate that will shield you from getting “taken” or “lowballed”.
Knowing The Scrap Car Price Formula
First, you want to figure the minimum value of a junk car, or scrap car with this estimator formula. You begin my multiplying the weight of the vehicle, by the current price for scrap metal. So, your calculation will look like the one below:
weight of car in tons x price of scrap metal per ton
Why Are You Getting The Minimum Value As A Car Seller?
Many vehicles are stripped for their parts. Other junk cars or scrap vehicles are not in a decent shape. Therefore, a scrap yard will sell the vehicle’s essential metals to companies such as car manufactures and building companies- rather than selling off the car parts. Additionally, if some of the car parts can be sold, those scrapyards will oftentimes utilize the scrap vehicle estimator formula as a calculated value for the lowest value -meaning your vehicle’s minimum value. Then, that value will be offered to you. Check out the way that you can obtain the weight of your car as well as determine metal prices, ensuring that you get an accurate calculation with the estimator formula:
Obtain the Weight Of Your Vehicle
You can get the weight of your car several ways. The first is by reading your owner’s manual. You can also obtain the weight of your car by looking on your side door, where the VIN number is. The third way you can get the weight of your car, is to check with the manufacturer of the car. The final way you can get the weight of your car, is by going online, and typing the specifics of your car.
Gather the Current Prices of Scrap Metal
Now comes time for you to obtain the current price of scrap metal. You can click here and gather what metal is going for.
It’s important that you know the prices of scrap metal, so that you see what metals are in demand. You also want to check to see what specific metals are going for, from various locations. While metal prices tend to fluctuate daily, you want to keen eye on the metal prices, and look for a great opportunity to sell your junk car when you see that metal prices are high in your particular region. Did you know that steel makes up about 60% of the metal content in your vehicle? Aluminum, another precious metal, accounts for about 10% of the weight of most vehicles- give or take a bit. Even though most vehicles most only have a small amount of aluminum, this precious metal can still be worth just about one-half the total scrap value of your vehicle.
Other Factors That Play A Vital Role in the Value of Your Scrap Car
Not only does the weight of a vehicle and current prices of scrap metal play a role in the offer you will receive for your car, but there are other factors that affect your vehicle’s value. Check out some of those factors below:
- Dismantling & Crushing of the Car– Removing and pulling off the useful and valuable parts of a car, then crushing it later is hard work. So, for many cash-for-car businesses, there has to be payment and wages given to staff members who take on this particular work.
- Time Spent on Paperwork and Documents– Before the job of scrapping a car can be carried out, the staff at the cash-for-cars businesses have to complete paperwork and fill out all necessary documents. Don’t forget that there is a process of transference of title too.
- The Towing- While many cash-for-cars businesses offer free towing to car sellers, there has to be payment made to a towing company or a tow person, to remove the vehicle from the home, business or location of the junk car seller.
- The Tow Driver’s Compensation- In addition to the cost of towing, the tow driver has to be paid too. So, whether compensation is an hourly rate, or a flat fee, that driver has to be paid for picking up the car, and transporting it to the proper and final location.
- Cost of Fuel: In addition to towing fees, is the cost of gas that the tow truck driver has to pay, to come and get your car from its location, to its final destination. Get a trusted quote online for your junk car now!
Junk car and old car buyers like Cash Cars Buyer make selling an unwanted, dented, damaged and dilapidated vehicle for cash after an instant quote, very easy. Forget doing all of that footwork and going from one dealer to another, only to end up with lowball offers?
Sure, you can sell your car online. But after the photos you have to upload, and the description you have to write, will it be worth it? Many online car selling marketplaces charge fees, whether you sell your car, or not. So, what’s the best place to sell a car online? The solution is simple: Cash Cars Buyer. Forget spending days and weeks creating an online ad and marketing your car online. You run the risk of dealing with fickle buyers and folks who are only interested in taking your money from you. You can receive a solid offer on your car in as little as 24 hours! Then you can walk away with cash in your wallet! Does the Cash Cars Buyer method sound too good to be true? Chances are you have asked yourself: “Is it safe to sell a car online?” The answer is “yes” and Cash Cars Buyer is the way! As a licensed, bonded and insured business, we deal in buying cars, without all of the scams, games or wait.
Who Will Buy Junk Cars Near Me For Cash?
Selling our old, dented, rusted and three-wheeled car has never been easier. Check out our simple yet effective steps in selling your vehicle fast!
- Obtain your FREE online quote.
- Call us so that we can provide you with a guaranteed cash offer, after a great discussion about your car.
- Accept your offer!
- Arrange for appraisal payout and towing!
- Allow us to arrive to your location.
- Give us about 20-30 minutes to appraise your car, validate all paperwork.
- We will then confirm your offer and then pay you on the spot!
- We will then have your car towed, at no cost to you!
Our car selling services are completely FREE to you, from beginning to end. You never have to enter credit card information, nor pay a fee to sell your car to us.
You Can Even Sell Your Car Without a Title!
Have you misplaced or lost your car title? No worries! Cash Cars Buyer, buys cars that have no title, and we just may purchase yours! In most cases, the absence of your title has no bearing on your car sell. You may be able to sell your car fast! Just have your ID as well as your registration ready for the sale. Then, take the time to enter the data into our FREE online offer tool, ensuring that you indicate the missing or lost title. Once done, you can call us for that guaranteed cash offer!
The Cash Cars Buyer Website Is Easy To Use!
When you visit the Cash Cars Buyer website, you’ll find that our website is easy to use, and filled with resources that help you decide what’s best for you- regarding selling your car! Our website offers:
Get the helpful car care tips and information you need, to help you make an informed decision when it comes to selling your car!
Information About Our Car Buying Process
No need to wonder how we do business. You’ll see it in “black and white” on our website!
Get an Offer on Your Car NOW!
One of the most popular places on our website, is the FREE online offer tool! You can obtain a free offer on your car in a matter of seconds! Just take the time to tell us all about your car, and then you will receive a FREE offer on that car in a matter of minutes!
Sell that Old Car To Cash Cars Buyer! You’ll Be Happy You Did!
Now that you know the value of your car is calculated, what do you have to lose selling your car to Cash Cars Buyer? With over ten years of car buying experience, our car buying methods and system are a “science” that benefits you as the car seller! So, get that FREE online offer now, and turn that awful old car, into awesome cash FAST!