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Factors That Determine The Price Of Your Junk Car

It’s like this: if you walk into our company, Tony’s auto removal, you want to know how we determine the price of your car. That is a very interesting question. We won’t roll our eyes and send you away. We will instead, welcome you, ask you to take a seat, give you a jotter and a pen to take some points down. These are the factors we consider before your car is accepted and paid for as a junk.

Usually, people get emotionally attached to stuff. They might have gotten the car, phone, whatever, as a gift from an important person and this means the attachment they have with such a person is what they give to such a gift. Ten, twenty years down the line, the beautiful gift is no longer beautiful stuff. It is now a piece of junk that is worth little to nothing to the person next door. 

If it is a car, ten years later it will be outdated and can’t be compared to the latest Ferrari. That’s harsh. Sorry. But it is true. The first thing you should know is that no one will value a car based on the emotional value you give to it.

In fact, every car will end up as junk. It doesn’t matter how beautiful and neat it is now, how hard you work to buy it and how difficult it takes for the car to run for many years in terms of maintenance. But there is good news. And you should actually write this down in red ink so that you can keep it to heart.

Every junk car is worth something, some amount of money.

Now that you know this, here are the things we use to consider a fair price.

What Is The Status Of Your Car At The Moment?

This is one of the important factors. If your car is working, it will be worth more than if it were a completely dead log of wood.  So keep this in mind. If it is not working, it is considered scrap. Tony’s Auto Removal will not value it as high as when it is working.

If your car can be driven, then it will cost less to tow it away. Indirectly, such a car will have some cost that would have gone into towing. And if the car is in good condition, it can be repaired, refurbished and finally resold.

Valuable Parts

Are there valuable parts? If the car is not working, are some parts of the car working? Or are they in good condition to work if used with another vehicle? These parts can offer extra money for you. We will observe the car carefully and see what is valuable in its parts.

How Old Is Your Car?

In 1960, that car might be the best thing that Ford ever designed. Never mind that now. That’s in the past and you should not expect the same value for a car that was produced in 2003. So now, you understand. When you have a car that is turning to junk, don’t hesitate to call Tony’s auto removal. Waiting will make the car’s age increase from its manufactured date. And in most cases, old models are not as valuable as new models. That’s a universal concept.

The Price Of Scraps

Eventually, we have arrived at something that is unrelated to your car. The current value of scraps will be a key determinant of the value of your junk car. So it will be wise if you take the initiative and do a little market research to know the value of scrap. Notice the current rate. This is what we will use to negotiate. To go deeper, notice the stock market, create spreadsheets, or if you can, talk to scraper directly.

Use The Car Weight Only When There’s Nothing Else To Use

When you can’t use anything else, you can use the weight of your car to estimate the value. That car is mostly made of steel. So it is true to say the weight can give you an idea of what the value of steel is in the car. So you can use this idea in your negotiation if you know the worth of the steel.

Use Blue Book

This can be used as the strongest point if you are selling to a junk buyer. The blue book will determine the year in which the car was made. It can be used to assume the car’s good condition. If you are confused, subtract the repair cost of the car from the potential value of the car. 

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Factors That Determine The Price Of Your Junk Car