Theres a lot more than people think going on in the Scrap Industry. Many factors affect the prices and they can fluctuate frequently.
Here at Breakwater Breakers we always try to offer the best service and prices.
But we thought you might be interested in a bit of what affects the prices and scrap market.
If you’ve been in an accident or incident that’s resulted in your vehicle becoming a write-off – more expensive to repair than the total value of the car – you may want to think about scrapping your car.
Scrapping a car after an accident is a great way to recoup some of the costs that you may have to deal with due to the loss of your vehicle. In fact, scrapping your car could help you better afford a replacement.
Find out what factors influence the price of scrapping your car, and how much money you can hope to receive.
The size and weight of your car
As with a lot of scrapping, the size and weight of your car is directly connected to how much money it can get you. The majority of scrap car prices are focused on the tonne-weight of your vehicle – this is because the bigger and heavier the car, the more scrap metal there is to be reused.
For example, a vehicle such as a Range Rover would almost automatically be worth more as scrap than a smaller Ford Fiesta.
The specifics of your car (make, model and age)
Beyond the size of your vehicle, the make and model of your car will also affect the amount you’ll receive when scrapping. Just like it affects the purchase price, having a more expensive make and model of car can mean it’ll be worth more when scrapped too.
Newer cars can often be worth more than older ones due to the possibility of salvaging some parts. An older car’s technology won’t often be as useful as that in a more up-to-date vehicle.
The valuable parts in your car
As we’ve just mentioned above, sometimes your car can be considered more valuable when scrapping because it has salvageable parts that can be removed and resold. We wouldn’t recommend removing these parts yourself before scrapping the vehicle, so that you can get maximum value when scrapping.
If you’re looking to make the most money with your scrap vehicle, don’t remove valuable parts.
The sale category your car fits into
There are two different sale categories for scrap cars: scrap and salvage. These categories each produce a different outcome and price. We deal in scrap so would be happy to give you a price for this.
The scrap category is for vehicles that are too damaged to be repaired. These vehicles are more likely to be considered using the factors above, such as the vehicle’s weight, what valuable parts it has, and whether it has a catalytic converter. Many cars are stripped for parts before being recycled for their metal, so the amount of money you get for your vehicle will take that into account.
The scrap metal market
Like most markets, the scrap metal market fluctuates; it’s a fast-moving industry with a large amount of supply and demand that changes on an almost daily basis. The highest demand changes come from the steel, aluminium and copper markets and, since these are all used in the manufacture of cars, the prices they are being bought and sold for will affect the price that you’ll get for your scrap car.
However, since there’s no real way for you to affect economic factors in the scrap metal market, we wouldn’t suggest you worry about this too much, if at all!
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