For many car owners, one of the most pressing problems is selling an old or scrap car. So how much do you get for scrapping a car? In this blog, we’ll be drawing on our 10+ years of car scrapping experience to help you understand the true value of your scrap car when you take it to a wrecker.
Giving a specific figure is impossible because there are hundreds of factors are involved in the final valuation of any scrap car. However, according to BNE Copper Recycling, the average car scrap steel price in Brisbane ranges from $200-350 per tonne.
Considering the market price of scrap steel and price data from our scrap car purchases, you can expect to get $300 – $400 for smaller cars, $550 – $500 for sedans, and $600 – $1000 for heavier vehicles such as trucks and 4×4’s in 2024. The greater the weight of recyclable metals including aluminium, copper etc. in your cars, the more cash you will receive for your car.
These factors can be used to assess how much cash you can get for your scrap car, regardless of economic conditions. Even in when the economy is down, scrap cars can still hold their value quite well!
Is there a specific time when I should consider selling my car for the best value?
Market conditions affect the best time to sell, with better valuations during Spring time and worse valuations during EOFY . However, Metro Car Removal is can provide fair valuations throughout the year, ensuring you get the best value whenever you decide to sell.
How quickly does a car depreciate in value?
Car depreciation rates vary based on several factors, including the economy, vehicle type, brand, demand, and fuel prices. It’s affected by various factors and has no fixed rate, making it challenging to predict precisely how quickly a car will depreciate in value. However, a new car will roughly depreciate about 10-15% per year.
Where can I sell my scrap car in NSW?
The best option is Swift Cash For Cars as we provide a quick and hassle-free process, offering quick quotes and accepting vehicles in any condition. Car buying/selling websites (eg: Carsales), dealerships, Online marketplaces (eg: Facebook Marketplace) are also alternative options.
Your car is always depreciating, the longer you keep it, the more value it loses day by day. Why? The reason is that you can get more money for a car with some salvageable parts and the longer time passes, those parts will deteriorate as well. Sell your scrap car for cash as soon as possible and benefit from higher scrap metal prices.
Your car no longer passes the inspection and the costs for repairing the car are too high. Too bad, but the car is ready for scrapping. How does this work? How do you know that your car will be recycled in an environmentally responsible way?
Our company is a licensed and insured while also ensuring the car scrapping is environmentally friendly with no hazardous materials left behind. The scrap car is cleaned of all liquids and other harmful substances, such as the battery.
Give us a call today or fill out our online form today for a free quote today!