The prices go up and down, but you can expect about $250-$500 for your junk car, depending on the vehicle’s weight.
Other factors to determine junk car value include year, completeness, and damage.
How much is a scrap car worth today?
The majority of the weight in your car is composed of steel. It’s fairly easy to determine the value of scrap steel at local recycling yards. Prices of around $150 per ton are common, so your average car is usually worth around $300 to a scrapyard.
Do you get money for scrapping a car?
Scrapping your car is relatively easy. And because of the increase in scrap metal values, you should be able to get some money for your car. This needs to take place at a scrapyard, or Authorised Treatment Facility (ATF) that’s licensed by the Environment Agency.
How do you determine the salvage value of a car?
Calculating the Salvage Value of Your Car
Add these two figures together and divide the sum by two to get the car’s current market value. Contact your insurance company for the percentage of market value that it uses for determining salvage value.
Photo in the article by “Flickr”