How Much Can I Make By Selling My Scrap Car?

Introduction

You know that your old, rusty, scrap car has been parked near your home for so long. It does not start anymore, and you don’t know how to get rid of it. When your most loved car turns into non-functioning mode, we know it’s hard to digest. It has ‘junk car’ labels now and you think, ‘Does it have a value?’ We know your concern, and here is the perfect answer for you.

The Toronto scrapyard market is big and can offer you the best price for your junk vehicle. Albeit, many factors decide the price of your car. So, let’s discuss them one by one.

1. Weight of the Car:

You will get a good price or not, depending on the weight of the car. 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 increased weight. 

2. Current Scrap Metal Prices:

The global market actually decides the price of scrap metal. If you see the current price according to the Scrap Metal Pricer, 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 scrap yards are mostly interested in buying metal, but that doesn’t mean other auto parts are good for nothing. If any of the car parts are in working condition, like engine, transmission, or catalytic converter, a Toronto scrap yard might offer you a good price. Let’s take an example here. If your car has 17-inch alloy wheels and a smooth working engine, then you get top dollars as per the industry standards.

Also Read: Top 10 Factors Affecting Scrap Car Prices

4. Location:

If a scrap car removal buyer is closer to your car, you earn more money. You can save a lot on transportation and make good money compared to long distances. So, a nearby scrap car buyer is always a good choice. Plus, the demand for scrap cars can change as it depends on the local supply and demand.

5. Model and Age:

There are some luxury car brands like BMW or Mercedez whose car parts are in high demand. So, it depends on what’s your car model and how much old it is. If your car model belongs to a premium brand, then you get to earn more money.

6. Catalytic Converters:

Toronto scrap yards 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 converts dangerous gases from the engine into less harmful ones.

So, How Much Can You Expect?

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 $150. But if your car is large and most of the parts are in good condition, then you can 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 take quotes from different scrap yards.
  • Honesty: You need to be honest about the condition of your car. So that you can get a fair price for your junk car.
  • Remove Personal Belongings: Before you sell your scrap car, make sure you remove your personal stuff 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 experience of more than 20 years in this business. More than 100 staff members are working for us. Our scrap yard in Scarborough 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 is 20+ years old, and we have scrapped more than 10,000+ scrap cars till now.
   5. Eco-friendly: Our scrap car removal process is 100% eco-friendly. We dispose of your car properly and in an environment-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’s your car condition, we buy all types of vehicles.

Call us at (416) 783-9026 and book an auto scrap pickup with us.

Last Updated on 05th December 2024