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How much is my junk car worth: how to get a real number before you call for pickup

KyleStar

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With a three-year-old in the house, my wife and I could not let a dead car sit in the driveway forever, so I did the homework before calling for pickup. Here is how the number actually gets built, and how to get a real one before the truck shows up.

Start with the weight, but the right weight

Buyers pay on what the car weighs when it hits their scale, not the curb weight number in the manual. Curb weight assumes a full tank, all fluids, and every part present. Your car will read lighter once the fluids are drained, the gas is gone, and anything missing is accounted for. Look up the curb weight for your year, make, and model, then subtract a couple hundred pounds for fluids and missing parts. That gets you in the ballpark.

Multiply by the shred rate

Most whole cars get bought as shred, the lowest ferrous grade. Call a yard and ask what they are paying per ton for shred today. Multiply that by your car's weight in tons and you have your base number. Steel prices move week to week, so a number from last month is useless. Call the morning you plan to deal.

The catalytic converter is separate money

On a lot of cars the cat is worth more than the shell. Some buyers quote with the cat baked in and some price it separately, so ask directly: is the converter included in your number? Legit yards will ask for ID on converters because theft is a real problem, and that paperwork is one reason a quote can come in under the pure weight math.

Title in hand means more money

A car with a clean title is easy for a yard to process. No title means some yards cannot take it at all depending on state rules, and the ones that can will pay less because of the extra risk and paperwork. Have the title, your ID, and the keys in one pile before you call. If you lost the title, start the replacement with the DMV now instead of discovering the problem on pickup day.

Why local yards and national buyers quote differently

A local yard pays you basically for scrap value minus their costs, and the quote swings with how far the tow truck has to drive. A national cash-for-cars buyer has a network and volume, so their number is often higher on newer or complete cars they can flip for parts, but lower on rusted shells that are only good for shred. Neither is automatically better. Get at least three quotes, at least one local yard and one national buyer, and read the same details to each one so the quotes are actually comparable.

What to have ready when you call

Year, make, model, and trim. Whether it starts. Whether it rolls and steers. Whether the catalytic converter is still on it. Whether the tires and wheels are on it. The exact pickup address, because tow distance changes the math. And whether you hold the title.

How to avoid the lowball

First, never take the first number. Tell each buyer the highest real offer you have in hand and ask them to beat it. Second, confirm the tow is free and the number is the number you get handed, not the number before fees. A 500 dollar quote with a 75 dollar tow fee loses to 450 with free pickup. Third, get the final price in a text or email before the truck rolls. If the driver tries to re-price on the spot for damage you already described, send him off and call buyer number two. Fourth, be suspicious of the highest quote by far. That is usually the one that shrinks when the truck arrives.

One more thing that helped me: before I started calling, I ran my own math through a junk car value calculator I came across, just to have a sanity check on the numbers buyers were throwing at me.

It took about an hour of calls and the difference between the first and best offer was a couple hundred bucks. Anyone else have a trick for squeezing more out of a dead car?
 
I sold a non-running car to peddle. They gave me $850 but I wish I had taken the first offer which was $1450. No way the car scraps for that...no way.
I have scrapped many cars years ago. One time we smashed down the roof of one and pulled the carcass of another on top and used a come-along to secure to the bottom car. I drove the bottom car while my older brother towed us to the scrapper. Yes, a cop saw us and looked the other way...
 
I sold a non-running car to peddle. They gave me $850 but I wish I had taken the first offer which was $1450. No way the car scraps for that...no way.
I have scrapped many cars years ago. One time we smashed down the roof of one and pulled the carcass of another on top and used a come-along to secure to the bottom car. I drove the bottom car while my older brother towed us to the scrapper. Yes, a cop saw us and looked the other way...
Man, that $850 vs $1450 gap stings, but I'd bet the $1450 was never real. That's the classic pattern: big number on the phone to get you to say yes, then it shrinks when the truck shows up, or it was a broker quoting high and planning to hand the job to a local yard for less. $850 cash for a non-runner is actually a respectable real number in a lot of markets.
The roof-smash double stacker is an all-timer though. A come-along and a cop who decided he had somewhere else to be. They definitely don't let you get away with that anymore!
 
Man, that $850 vs $1450 gap stings, but I'd bet the $1450 was never real. That's the classic pattern: big number on the phone to get you to say yes, then it shrinks when the truck shows up, or it was a broker quoting high and planning to hand the job to a local yard for less. $850 cash for a non-runner is actually a respectable real number in a lot of markets.
The roof-smash double stacker is an all-timer though. A come-along and a cop who decided he had somewhere else to be. They definitely don't let you get away with that anymore!
Full size P/Us get $850 loaded. CATS and aluminum rims.
I did a Honda accord this spring.
75% tires $300, $175-cats, $140-rims, full tank of gas, pulled the alum.bumper guards-$58, irony aluminum motor/transmission-$113, shred-$350
I solde the starter/alt. Later in the season
Got more money as get a higher scrap price.
Paid $125
Sell it over the scale $350-375
So scrapping it out makes more money.
 
That is a seriously impressive teardown, pepperj. The $850 loaded pickup versus parting it out is the part that gets me, that Accord breakdown is proof that pulling the good stuff first is almost always worth the time. $175 for the cats alone is more than most people expect the whole car to bring. Selling the starter and alternator separately and getting $140 for the rims on top of that, that is real money. And $350 to $375 over the scale on the shell after everything is off, that lines up with what I have seen too. Honestly makes me wish I had done more pulling before my last one went out whole.
 

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