Have you ever heard of the saying, “One man’s junk is another man’s treasure”? It has been around for a very long time, and the reason for that is because of how true this statement is.
Just because one person can look at a car as a piece of junk does not mean it is junk to another person. That is why there are so many ways for a person to get value from their junked car. So how can you get value from your junked car? By looking into these four sources.
Source #1 - Junkyards
This seems like the most obvious place that you can obtain value for your junked car. After all, “junkyard” and “junked car” both have the word “junk” incorporated into their name. But the junkyard is the one place where you will not receive the most value for your junked car because of how their business operates.
The biggest issue is transportation — the junkyard will not pick up your junked car for you. You will need to get your vehicle to the junkyard just so they can give you a quote. Which means you will most likely have to spend money on a tow truck. A tow truck will most likely cost you $100. That is $100 coming out of your pocket before you even see a penny from the junkyard.
The other issue is in how the junkyard values your vehicle — they will pay you based on the weight of your vehicle. Most junkyards will pay $150 per 1 Ton of metal brought to them. The average car weighs 2 Tons, which means the average car will fetch $300 at a junkyard. If you subtract the $100 you spent to get the car to the junkyard, you are looking at a profit of $200.
But we almost forgot one more important item — how are you getting to and from the junkyard? The tow truck is not allowed to carry passengers in any vehicle, which means you will need to find another method to get to the location.
Ideally, a friend or family member can take you. But if you are not living in an ideal world, you will most likely have to take Uber or Lyft to the junkyard. That is another $15 to $30 out of your pocket before you even get a quote! This means your estimated profit is between $170 to $185.
Now, what happens if you do not like the quote? That means you have to haul the car back to its original location, which is another $100 out of your pocket to pay the towing company. So you just spent anywhere between $215 and $230 just to get a quote that you do not agree with. Do you see why we feel this source is most likely to not net you a profit from your junked vehicle?
Source #2 - Sell Your Vehicle Online
By selling your junked car online, you can set your own prices. But just because you are setting your own price does not mean that is the final total that you will walk away with.
Everyone you are dealing with on the platform of your choice is also looking to get a good deal. They will want to inspect the vehicle before exchanging any kind of tender with you. And you best believe that they will want to haggle your price down from your original ask.
With selling your vehicle online, you will have multiple exchanges with people looking to haggle your original asking price down before you finally reach an agreement that works for the two of you. This process could take months! And honestly, I bet most of these people are not even going to drive your vehicle. They are most likely going to use source #3, which is…
Source #3 - Sell Your Vehicle for Parts
This means that you will break your vehicle down to the bare bones and sell off the pieces that are valuable. But just like source #2, you will be dealing with hagglers looking to get the best value for their money.
But not only that, you will also need to have some kind of mechanical knowledge in order to make money through this source. Without that knowledge, you could potentially break something that is valuable. On top of potentially breaking something, you will most likely spend more time breaking your vehicle down than a professional that has been doing this for years of his life.
And lastly, you will still need to store the junked car somewhere. If you leave it on the streets, someone could call the cops and have it towed for being an eyesore. You could store it in your garage, but you will be living in a mess of car parts. Or you could rent a garage, but that will require you to pay rent just for something that you are trying to sell.
If only there is a source that could handle all of this for you without trying to rip you off… Wait! I got the answer for you! It is…
Source #4 - Car-Worth
With Car-Worth, we will purchase your junked vehicle for its fair market value. When you make a request on our website, we will send you a questionnaire that you need to fill out and send back to us with a few photos of your vehicle. One of our experts will look at everything you send to us and will reply with a no-obligation quote that is good for one week.
If you do accept the quote, all you have to do from there is schedule a pickup time with one of our towing partners, and they will take the junked vehicle off of your hands without asking a single question. Yes, that means we will perform no final inspection! The towing company will load up your vehicle and the money will be provided to you within a half hour!
Obtaining value for a junked vehicle has never been so easy!
How Much Is A Junked Car Worth?
That depends on who you go to. If you go to a junkyard, they will tell you that it is worth $150 per Ton. The average vehicle weighs 2 Tons, which means your junked car is most likely worth $300 to the junkyard.
If you sell your vehicle to someone online, your vehicle could hold a lot of value to the right buyer. But part of that value is tied to how much they can haggle your original asking price down. A person will spend months looking for the best value that they can get. You will most likely not want to spend months finding the best value for your junked car.
With Car-Worth, we will let you know the exact fair market value your junked vehicle holds. We will take everything into account - how long you have owned the vehicle, how often you take it in for check-ups, upgrades you put into the vehicle… We will look at everything before we give you a quote that is equal to the vehicle's fair market value that you are not obligated to accept.
How Much Will A Junkyard Pay For A Car?
A junkyard will typically pay you your car’s worth in scrap metal. When you bring your car into the junkyard, they will weigh your vehicle to determine how many tons it weighs. On average, a junkyard will pay $150 per Ton.
The average car weighs 2 Tons, which means the average car is worth $300 to the junkyard. They will take nothing else into consideration. Whatever new parts and years of care you put into the vehicle will not look like anything to them. To the junkyard, your junked car’s only value is in its weight.
Can I Sell My Car To A Junkyard?
Yes, you can sell your car to a junkyard! But be prepared to potentially lose money during this venture. A junkyard will not pick up your junked car, which means you will need to pay a towing company to get your vehicle to them. Most towing companies will charge $100 for this service.
You will also need to figure out how to get to the junkyard because the towing company is not allowed to let passengers into any of their vehicles.
If you are not lucky to have a friend or family member take you to the junkyard, you will need to pay a service like Uber or Lyft to get you to the junkyard. This means you will pay anywhere between $115 to $130 before you even get to look at the junkyard’s quote for your vehicle.
And let’s not even think about the hassle that you will go through if you do not accept the junkyard’s quote. Sadly, the junkyard is not the best place to get value for your junked car.
It’s a Quick and Easy Process
Tell us About Your Vehicle
Answer a few quick questions and provide a picture if you can.
Offer
In less than two minutes, you’ll have a guaranteed offer.
Get Your Offer
In less than two minutes, you’ll have a guaranteed offer.
Get Paid
Within 24-48 hours, we will tow your car for FREE and pay you on the spot!
