How Much Do Scrap Yards Pay for a Scrap Car?

Introduction

Your old, rusty scrap car has been sitting in your backyard for a long time now. It no longer starts, and you’re unsure how to get rid of it. When your beloved car stops working, we understand how hard it can be to accept. It’s now labeled a ‘junk car,’ and you wonder, ‘Does it still have any value?’

You can make some money by selling your scrap car to the Toronto scrapyard. Several key factors affect how much money you can get for your old vehicle. Let’s take a closer look.

1. Car Weight and Its Impact on Scrap Value:

The weight of your car largely determines how much money you can get for it. Junk car buyers can give you good money for vehicles with more metal content. Large vehicles like SUVs or vans have a higher price compared to smaller cars because of their heavier weight.

2. Current Scrap Metal Prices:

The global market decides the price of scrap metal. The aluminum scrap price is $1.36* per ounce. Likewise, the price of copper is $4.85* per ounce. So, it’s best to know the current prices for different materials like brass, iron, and steel, and consider this as the main factor when you sell your scrap car.

3. Car’s Condition:

Many junkyards are mostly interested in buying metal, but that doesn’t mean other auto parts have no value. You get thousands of dollars if any car parts are in working condition, like the engine, transmission, or catalytic converter. For example, if your car has a company-fitted catalytic converter and a well-functioning engine, you could easily get $1,000 or more for it..

Also Read: Top 10 Factors Affecting Scrap Car Prices

4. Location:

If a scrapyard is near your location, you can save a lot on transportation and make good money compared to long distances. Therefore, choosing a nearby scrap car buyer can be more profitable. Plus, the demand for scrap cars can change as it depends on the local demand and supply.

5. Model and Age:

There are some luxury car brands like BMW or Mercedes whose car parts are so expensive and are in high demand. So, the price also depends on your car’s make, model, and age. If your car model belongs to a premium brand, then you get to earn more money.

6. Catalytic Converters and Their High Scrap Value:

Scrap car buyers often look for catalytic converters because they contain precious metals like platinum, palladium, and rhodium. So, if your junk car has a catalytic converter, then you can get good cash for your old car. The catalytic converter is important because it helps reduce carbon emissions by converting dangerous gases from the engine into less harmful ones.

So, How Much Can You Expect to Get?

After reviewing all the factors, you already know that the scrap car price can vary. If your car is small in size, in bad condition, and the valuable parts are gone, then you might earn between $100 to $300. But if your car is large and most of the parts are in good condition, then you could get up to $15,000.

Also Read: How to Estimate the Value of a Scrap Car in Ontario

Getting the Best Deal for Your Scrap Car:

• • Research: You must research before selling your scrap car. Read about what’s the current scrap metal price and also get quotes from different scrap yards.
  • Honesty: You need to be honest about the condition of your car so you can get a fair quote.
  • Remove Personal Belongings: Before you sell your scrap car, make sure you remove your personal belongings like jewelry, cash, or any other important documents.
  • Legal Paperwork: Make sure you transfer the ownership of your junk car to the scrap yard. So that if anything goes wrong, you are not at fault.
  • Tires and Gas: When choosing the scrap car removal option, sell your car tires separately. Plus, use up your gas from the car before scrapping it.

Also Read: How to Spot a Trustworthy Junk Car Buyer in Your Area

Why Choose Greenway Auto Recycling?

When you are about to sell your old car, it must go into the right hands. Greenway Auto Recycling is an old name in the scrap car removal business. We have over 20 years of experience in the business. More than 100 staff members are working for us. Our scrap yard in Toronto is one of the biggest in the Ontario region. We can give you top dollars for your scrap car and an official invoice, too, which you can use for tax benefits.

Benefits of Choosing Greenway Auto Recycling:

1. 1. Top Dollar Guaranteed: We are giving you a promise to pay a fair price for your scrap car, which no one can beat in the market. We can assess your car without any filters.
   2. Cash: You get an instant cash payment from our drivers at the time of auto scrap pickup.
   3. Efficient Scrap Car Removal: We follow scrap car removal policies perfectly, so you don’t have to worry about selling your junk car to us.
   4. Experience and Trust: Our business has over 20 years of experience, and we’ve scrapped more than 10,000 vehicles to date.
   5. Eco-friendly: Our scrap car removal process is 100% eco-friendly. We dispose of your car properly and in an environmentally friendly way.

In Conclusion:

There are many factors to see when deciding the value of your scrap car. You must check the current scrap metal price, the car’s condition, model, and the make year. When you are geared up to sell your old vehicle, remember that Greenway Auto Recycling is here to give you the best prices. We give you smooth scrap car removal services without bothering you. No matter what your car’s condition, we buy all types of vehicles.

Ready to turn your junk car into cash? Contact Greenway Auto Recycling at (416) 783-9026 or book a free pickup today.