If you have an unusable old car that’s just taking up space, it is better to sell it. You can consider a trade-in with a reputed dealer or sell it to junk car buyers.
However, before making this decision, you need to know how to get the best value for your vehicle. In Canada, the resale value of pre-owned, junk automobiles ranges anywhere from $50 to $20,000. In 2020, most used cars are selling for an average of $100 to $500.
To get the best value for your scrapped car, you should consider several factors. Read on if you are wondering, how much can I get for my junk car?
Where you live plays a major role in determining the worth of your junk car. If you live somewhere that has several junk car buyers, you have a greater ability to negotiate, and you can get a better price for your automobile. In specific parts of Canada, some models are more popular than others as well. In that case, you will get more value for your old, unused vehicle. Even the price of scrap varies from one region to another.
Age of Your Car
The resale value of second-hand automobiles also depends on the age of your car. Most of the vehicles that end up for sale at scrap yards are about 10 to 15 years old. Of course, if your car is on the verge of breaking down, you will likely be paid less.
Make, Model, and Mileage
Junk car buyers will ask you about the make and model of your vehicle. This is yet another factor that determines the sale price. Miles also play a significant role in determining its value. Has your car covered 40,000 miles, or is it well beyond the 200,000 mark? The fewer miles on the car, the better deal you are likely to get.
Generally, junk car buyers do not purchase used vehicles to repair them and make them reusable again. They usually want to scavenge for parts that can still be used. A car that has higher mileage has lesser chances of having reusable spare parts, so its value automatically decreases.
Other factors that determine the final value of your junk car are its condition and whether it is still running. If your vehicle is completely damaged, you may not be able to sell it at all.
Calculating the exact worth of your junk car is not easy. Contact us to avoid all the hassle involved in negotiations. We can help you get the perfect trade-in value for your old, unused vehicle.
Get a no-obligation assessment of your trade-in value below, or fill out this form to talk with one of our agents about your financing options: