When you sell a vehicle to an auto salvage yard, there isn’t one flat rate for every car. Instead, the price you’ll get depends on several factors, some of which change over time. Here’s what you need to know to get the best price you can when you sell a vehicle.

What Sets the Price When You Sell a Vehicle for Salvage

1. Make & Model

Just like when you bought the car, the price depends heavily on the type of vehicle you’re selling. More expensive and newer cars go for more. This is because it’s easier for the salvage yard to repair and sell the vehicle or get useful parts from it. There may also be greater demand for parts from some models than others.

2. Condition

The better shape your car is in, the more it will sell for. Cars in operable condition have more usable parts than those that have broken down, which may only be useful as scrap metal. If the vehicle is stripped for parts, tires, and electronics, it will be worth much less.

3. Metal Prices

The minimum price you’ll get when you sell a vehicle for salvage is the value of the recyclable metals. This is the base price for a junk car, and all other values are built on top of it. When steel, aluminum, and copper prices are up, the value of your junk car will be higher.

These rates can change from day to day or week to week, so it may be worth watching the market to find the right time to sell. Keep in mind that the longer you wait, the more the car's condition may deteriorate. Try to sell before the car depreciates too much and while metal prices are high.

To sell a vehicle for scrap in the Triad Area, choose High Point Auto Salvage. Based in North Carolina, this family-owned company has been servicing the Triad area since 1984. They offer fair prices on used cars and car parts, and offer a wide selection of products for foreign and domestic vehicles, all with a 90-day warranty. Call (336) 889-9062 or visit their website for any questions.