How Much Cash Can I Get for a Junk Car?

Have an old, beat-up car sitting outside of your driveway? If you’ve been thinking about selling it, you’re probably wondering if you can even sell it. The good news is that you can definitely sell it to junk car buyers. You may even be surprised at how much you can get for a car like this.

Why Do Junk Car Buyers Buy These Cars?

The reason junk car buyers are willing to buy old, beat-up cars is because they want access to the parts. The price you can get for your junk car will depend on how in-demand the parts are. The buyers will then try to make a small profit by selling these parts.

How Much Should You Expect?

Many factors will affect how much cash for junk cars to be expected. First, you have to consider the age of your car. Your car is probably at 10 or more years old. If your car is in the lower range, you can expect to get more for your car.

Second, there’s the condition of your car. If you’ve done a decent job maintaining your car and it looks clean, you will get paid more. This is because the parts will be better than a similar car that hasn’t been maintained properly.

Third, you have to consider the mileage. Companies often pay cash for junk cars based on how much mileage it’s racked up. Older cars can have anywhere from 100,000 to 200,000 miles. Anywhere from 80,000 to 100,000 miles is pretty good. It starts going downhill after that range.

Fourth, does your car run without issues? The state of the parts inside your car is reflected by your car’s ability to run. If your car doesn’t run, it’s a sign that many of the parts have issues.

Fifth, the make and model of your car matters. Certain makes like Toyota and Honda are known for producing cars that have longer lifespans. American manufacturers are still good but is a level below these brands when it comes to durability. The parts of certain models will also be more in demand than others.

Finally, the local market will have an impact on how much you can get. If there are more junk car buyers in your area, they will have to compete with each other to purchase cars and get their parts. But if there are only a few in your area, you may have to accept lower figures for your car.

A Good Figure to Rely On

Gas money

For a junk car, you can expect to get up to $1,000. If the car runs and is in decent condition, you can get as much as $2,000. When it comes to getting cash for junk cars that are in a horrible state, you should expect to get a few hundred dollars.

The best way to figure out how much you can get is to call junk car buyers. They will be straightforward with you about the price based on all the factors that were listed.

When Should You Sell Your Car?

If you’re wondering if you should even sell your junk car, you have to think about a few things? Does the cost of owning a car outweigh its benefits? If you’re only driving your car a few times a month, then it might be better to use alternative transportation solutions like ride-share services and car rentals.

If the car has problems and the cost of repairs outweighs its value, then you have the perfect reason to sell your car. As time goes on, the value of your car will deteriorate even further, so you’ll want to sell the car before it devalues even further.