From preventing environmental waste to making room in your driveway, there are many reasons to leave a vehicle to a junkyard. When you sell a junk car, you can also reap the benefits of putting cash back in your pocket. However, the amount you receive can vary depending on several factors. If you’re curious how much cash you’d get for a damaged or older vehicle, here are three things that might influence a buyer’s offer.

What Determines the Price When You Sell a Junk Car?

1.Vehicle Condition 

If an automobile is damaged so badly that repairs would cost more than the car is worth, it is considered totaled. Totaled vehicles typically bring in the lowest offers, as they don’t offer much value beyond the raw materials they are made of.

A car that is still drivable or requires modest repairs may fetch a higher offer price—especially if it’s a newer model. The price may also increase if the car has rare or valuable parts that can be resold.

2. Current Metal Prices 

A good percentage of a vehicle’s body is crafted from valuable metals—such as steel, aluminum, and titanium. Companies that take junk cars can melt the metals down, recycle them, and resell them for a reasonable price.

However, the market price of these metals can fluctuate depending on various factors, such as scarcity and demand. If the primary metals in your vehicle are desirable within the market, you can expect to receive a more optimal offer.

3. Body Weight

When junk car buyers estimate prices, they will use weight to assess how much metal and other valuable materials the vehicle has to offer. If a car is smaller and lightweight, it may not offer as many resources, resulting in a fair, but lower, offer. However, SUVs or trucks can be expected to have more valuable components due to their larger sizes.

If you have a vehicle that is no longer suitable for the road, call the team at Cash for Junkers MN. Based in Ham Lake, MN, this buyer purchases old and junk cars throughout the St. Paul and Minneapolis areas. Before you sell a junk car, their team will thoroughly assess the condition, weight, and other factors to ensure you get a fair offer, allowing you to walk away with cash-in-hand. To learn more about their convenient car removal services, visit them online. Call (763) 218-3149 for estimates and pick-up requests.