There are many reasons why you might have a junk car. Perhaps you couldn’t afford auto repair, or another insurance claim after totaling your car. Or maybe you started a restoration project that you never got around to finishing. Most often, people wind up with a junk car through inheritance. No matter the reason for owning a junk car, you have realistic options for selling it to a local junk car buyer for an instant profit.
Continue reading to learn what a junk car is valued at in Indiana, and who to call for the highest return for your asset.
Estimating the Value of Junk Cars
The items that make a junk car valuable are made from metal. And the most valuable metals in a junk car are its parts, like the catalytic converter made primarily from platinum. If your junk vehicle has all its parts intact, even if they are not functional, they are worth good cash. The rest of the steel in the vehicle is valuable and recyclable as well. Even the headlights, taillights, fenders, bumpers, windshields, tires, and more are reusable and valuable. So, the more intact your junk car is, the more money it will be worth to a junk car buyer.
Let’s say your junk vehicle is not very-well intact, missing valuable auto parts like the motor or catalytic converter, it is still profitable. The steel, steel frame, and more can be sold for cash and recycled at a junk car lot. Although the overall value and return is less, it is still worth something.
The current metal prices in the market determine the maximum payouts at local junk car buying lots and scrap metal recycling centers. One year steel can be worth more, while the next it brings in less profit. This is how junk car buyers evaluate the overall worth of a junk vehicle. See our blog, “Most Valuable Metals in Junk Cars” for some help understanding market values for metal.
Where to Sell a Junk Car for the Highest Price in Indiana
Call Garden City Iron & Metal at 1-888-586-5322 to sell a junk car for cash in Central and Southern Indiana. We pay cash on the spot for all make and model vehicles and metal equipment, including cars, trucks, vans, SUV’s, boats, tractors, auto parts, appliances, construction equipment, farming equipment, and more. Request a free estimate for your junk car, today.