Will an old car still get a good price on the market? If you’re selling it to a dealer or a private buyer, you should keep your expectations low. Older and more damaged vehicles aren’t the most valuable. But if you’re going to a wrecker in Sydney, you can possibly earn thousands of dollars, depending on the car’s condition.
But how much can a wrecker in Sydney offer you? Here are some factors that may give you an idea of your old car’s value:
- Year, make, and model
A car’s market value can easily be determined by comparing it with vehicles of similar make, model, and year. However, note that this number only applies to the car’s used price. Generally, its junk price will be much lower, or about 20% to 40% of the used value.
Red Book Australia is an excellent resource for finding a vehicle’s market value according to its year, make, and model. You can use this number as a basis for your junk car’s estimated value.
- Scrap metal prices
One of the most determining factors of a car’s junk price is the current value of scrap metal. This is because old and damaged vehicles will be recycled rather than repaired or driven, and metals are some of their most abundant components. In fact, the average vehicle contains more than 1000 kilograms of steel and aluminium combined.
What’s great is that scrap metal prices can vary each year, and you can time your sale to get the most cash possible. In addition, top-rated car wrecking companies offer great prices for scrap, starting at $1.10/kg of steel and going up to $11.50 for a kilo of copper.
Take note that besides the time of year, scrap metal prices can also vary according to your location, the metal’s quality and amount, and supply and demand.
- Spare parts prices
Finally, your junk car’s value will also depend on the condition of its spare parts. Wrecking companies will dismantle a vehicle’s components and sell them for more affordable prices than brand-new parts, so avoid taking anything off the car yourself.
But just how valuable are your spare parts? Here’s one example: replacing a damaged engine with a brand-new component can cost someone more than $10,000. Meanwhile, spare engines generally cost less than OEMs, helping buyers save tons of cash.
Luckily, you don’t have to look too far for a reliable wrecker in Sydney. Metal Force Recycling is a trusted name in the industry, offering car pick-up, removal, and wrecking services for free. Moreover, we can pay you up to $9000 depending on your vehicle’s condition. All you need to do is call us at 0403 191 732, and we’ll be on our way!