As a car owner, have you ever wondered why two cars of the same model or brand don’t get the same scrap price when they are sold for scrapping? In fact, the reality is scrap value of a car depends on several factors beyond just the model name. From the overall condition to the presence of valuable components, two cars with the same model may be valued differently by the vehicle recycler.
So if you’re thinking about why your neighbor who owns the same car model was offered a higher scrap car price, then this blog will explain the main reason behind it.
1. Condition of the car: This is the most important factor vehicle recyclers consider while deciding the scrap value of any car. A vehicle that has been regularly serviced and well-maintained will have more usable parts as compared to a car that’s been ignored. Car scrappers, before scrapping any car, evaluate whether the car has intact body panels, a working engine, and functional interiors. A well-kept car always has a higher chance of securing a higher scrap price.
2. Mileage and Usage: Mileage tells the main story of how much the car has been used. The fewer kilometers it has covered during its whole lifespan, the less wear and tear it will naturally have than the same model that has been driven for significantly more kilometers. Low mileage means that components like the engine, gearbox, and suspension are in good condition and reusable, thus boosting the overall scrap value.
3. Weight of Remaining Metal: Most vehicle recyclers pay money on the basis of the metal value in your car. A car with minimum rust and corrosion will give more steel and aluminum as compared to one that has been heavily damaged. Irrespective of two cars having the same model or brand, the difference in rust, dents, or missing car parts can create a huge difference in deciding the final scrap value of the car.
4. Fuel Type: The fuel type of a car plays a major role in deciding its scrap price. In many cases, petrol cars are offered a higher scrap value due to several reasons, like better engine conditions, being easier to resell, and lastly, having more demand in the second-hand market. Diesel cars, while built with stronger components, may get a lower price due to strict government regulations and lower demand in some regions.
5. Years of manufacture: When comparing two cars of the same brand or model, the difference in their manufacturing years significantly influences their scrap value as determined by the recycler. This is because newer versions of the same model are equipped with updated parts, the latest technology, and higher-quality materials, making them more valuable than older versions of the same model.
6. Number of Previous Owners: If two cars are the same model or brand, but one has had only a single owner, it is likely to have a higher scrap price than a car that has had multiple owners. This is because multiple ownership typically indicates more use and, consequently, more wear and tear. Additionally, single-owner cars are more likely to retain their original parts.
7. Insurance Claim History: Two cars having the same model may have different insurance histories. A car with multiple accident claims, which means it is heavily repaired or its original parts are being replaced, will reduce its salvage value. Whereas a car with a clean record and fewer repairs is likely to retain its original components, thus increasing its scrap value.
Conclusion
As we can see, the scrap price for a car is influenced by much more than just the brand or model name. Car condition, its mileage, fuel conversion, and other points mentioned above play an important role in deciding the final scrap value of a car, and that’s why two cars of the same model receive different scrap values at the scrapyard.If you desire a fair and transparent price for your ELV, then look no further; choose a trusted vehicle recycler like Rosmerta Recycling in Delhi NCR that ensures accurate vehicle evaluation. Rosmerta Recycling considers all the valuable aspects of your cars and offers you the best possible rate. With Rosmerta Recycling, you not only get a fair price, but you also contribute to an eco-friendly recycling process.