How much can you earn from scrap vehicle removal? Generally, junk car prices can range from USD 50 to USD 15,000. But don’t lose hope just yet—you don’t have to settle for a measly payout for your vehicle. Leading car removal companies can offer you up to A$8000, depending on its condition!
How scrap vehicle removalservices calculate the value of your car
Overall, the final value of your vehicle will depend on several factors.
First, you must consider the car’s year, make, and model, which will determine its market price. For example, a 2010 Nissan X-TRAIL is worth about A$12,000 when sold privately, while a 2014 model is more expensive at around A$18,000. However, according to the Kelley Blue Book, junk vehicles only cost about 20% to 40% of a car’s used value.
Luckily, a scrap car’s market value is not the only factor that determines its price. There are also other considerations, including:
- The car’s current condition
Naturally, the better the condition of your vehicle, the more money you can get from it. But what role does it truly play in your car’s overall price?
Vehicles contain numerous parts that are in high demand. Moreover, these components are often too expensive to replace—for instance, a new engine can cost you anywhere from USD 7000 to 10,000.
Junk cars are an excellent source of reusable spare parts that can be sold for significantly cheaper prices, and as a result, many removal companies will take them apart and refurbish them for resale.
Therefore, if your old vehicle’s parts are still in good working condition, you can receive more money for it. Conversely, if its components are too damaged or corroded, expect its price to be much lower.
- The prices of scrap metal
Cars aren’t just a source of spare parts—they are also made up of several valuable materials, such as scrap steel and aluminium. These metals can be recovered and resold to manufacturers at high prices, depending on their quality, amount, and the laws of supply and demand.
For example, a kilogram of scrap stainless steel in Sydney is worth around A$1.00 to A$1.50. The average vehicle contains about 1000 kg of steel, and therefore, you can earn up to $1500 for a single car.
- Your location
Lastly, where are you located? The cost of car removal can vary depending on where you sell it. Because of this, you should choose a company also based in Sydney to avoid transportation charges and hidden fees.
Amazon Car Removal, for instance, is a leading scrap vehicle removal provider in New South Wales. If you’re located in Sydney, we can offer free pick-up services within a day, as well as an instant quote.
Amazon Car Removal can also guarantee you an on-the-spot payment of up to $8000, depending on the condition of your vehicle. To get your free quote, you can contact us at 0402 503 145 or visit our website!