How Much Are Junk Cars Worth?

The term “junk car” often evokes images of rusting relics, resigned to being forgotten or considered an eyesore. However, beneath the surface of peeling paint and aging metal lies potential value that many car owners might not be aware of.

This article delves into the unseen worth of junk cars, shedding light on how these automotive castaways can be transformed into valuable assets. From understanding what makes a car a “junk car” to navigating the process of selling these vehicles, this comprehensive guide aims to equip you with the knowledge to turn your seemingly worthless junker into a source of profit.

Why Are Junk Cars Valuable? What Are They Used For?

That junk car slowly falling apart in your front yard or garage may not be as worthless as you think. Sure, the car may not run, and it likely will never run again unless you throw serious money at it, but that doesn’t matter. Even the oldest junker can be worth something. Junkyards, salvage yards, and scrap metal dealers can turn your old jalopy into cash, though how much you get depends on various factors like the car’s make, model, and year. 

If you’re looking to get rid of an old junk car in your possession but don’t know how to get it, don’t worry. Below, we’ll motor on to topics such as the value of a junk car, what you need to sell a junk car, and where to sell a junk car. 

What Classifies a Car as a Junk Car?

Many things can classify a car as a junk car. Most importantly, if you think the car is junk, it probably is, and that’s all that matters. No scrap metal dealer or junk yard will turn you away because your car is not “junky” enough. But if you want to get into the nitty-gritty of things, here are a few telltale signs your car is a clunker destined for the scrap heap.

If your car fits any of the following criteria, it’s most likely a junk car:

  • It doesn’t turn on
  • Critical parts like the engine or transmission are non-functioning
  • Parts like doors, bumpers, and windows are missing 
  • The paint has peeled and the body is rusting away 
  • The cost to repair the car would be more than it’s currently worth

How Much is a Junk Car Worth?

There is no fixed price for a junk car. Everything from the current price of scrap metal to the quality of the parts within the vehicle can affect the price of a junk car. The fluctuating market demand for specific metals contained within the car, such as aluminum, copper, and platinum (found in catalytic converters), can cause the value of your junk car to vary over time. 

Unique parts like hub caps, steering wheels, seats, and mechanical parts, like engines and transmissions, are all valuable. You may get more money for a classic car because its parts are harder to find, which makes them more valuable. Foreign-made vehicles or vehicles with a short manufacturing run may also prove more valuable for the same reason. 

The location of where you’re selling the junk car can also significantly impact its value. A vehicle that’s more common in certain areas might fetch a lower price due to the abundance of available parts from similar models. On the other hand, in regions where certain models are rare, your junk car could be in higher demand, increasing its overall value.

Where Do You Sell a Junk Car? 

Getting rid of a junk car is much simpler than it may seem — there are plenty of junk car buyers if you know where to look. Going to a junkyard or salvage yard is one popular way to sell your old junk car, but it may require you to tow the car yourself or hire a tow truck, which can diminish returns for selling your junk car. Posting your car on websites like Facebook Marketplace and Craiglist is another option. Potential buyers are likely in the business of flipping junk cars, acting as a middleman between you and the junkyard, so they’re likely prepared to come pick up your junk car. While this method is more convenient, you’ll make less money this way since the middleman will offer you less to make a profit. 

The best way to get rid of your junk car is to contact a cash-for-cars business, especially those with recycling facilities. A company such as Core Masters, for example, can offer you the best prices because they eliminate the middleman. In addition to higher profits, Core Masters can come tow your vehicle away free of charge, paying in cash on the spot. If you simply want to get rid of your vehicle and want some money in your pocket, a company like Core Masters provides a hassle-free service. All you need is a few things to prove vehicle ownership, and Core Masters can take care of the rest. 

What Do You Need to Sell a Junk Car?

To sell a junk car, you’ll generally need the following:

Title of the Vehicle: This proves ownership. Some salvage yards will purchase vehicles without a title, but having one makes the process more straightforward.

Valid ID: To confirm your identity as the vehicle’s owner.

Remove Personal Belongings: Ensure the car is clean of personal items.

License Plates: In many cases, you’ll need to remove and return the car’s license plates to your local DMV.

Vehicle Information: Having detailed information about the car, including its make, model, year, mileage, condition, and any major issues, can help you get a better price.

Get Rid of Your Junk Car Today 

Whether you want to make money from selling your car or want the satisfaction of removing that bulky lawn decoration, getting rid of your junk car is very much possible. Now that you know how to sell a junk car and what to expect when selling one, you’re ready to take the next steps. In Colorado, there’s no one better than Core Masters, Denver’s leading junk car buyer. With a pickup range of 25 miles, Core Master can drive to you and tow your vehicle away free of charge, and they’ll hand you cash on the spot. When you’re ready to dispose of your junk car, call Core Masters at (720) 998-6310 or contact us by filling out the form.