So, you pay more for the car than book value. You pay for a car that most likely has something in it’s past that makes it undesirable. You pay enormous interest rates and end up with an overpriced vehicle with no warranty that you will owe thousands more on that it is worth. If you DO go that route, make sure you get GAP insurance to cover your debt if the vehicle gets totaled.

Second, assess your car. Write down all the body damages as well as systems which do not work anymore. You should also check the tires and what their current condition is. Knowing how wrecked your car is can already give you an idea of how much it’s truly worth. Naturally, the more usable parts there are, the higher the value would be. After all, these are the parts which can be sold for profit.

Now there are thousands of different companies set up all over the world that help people get rid of their old junk cars by paying them cash and taking it from them. These companies then break the junk cars down to retrieve whatever spare parts remain inside them in working condition. They sell these spare parts further ahead to different automobile companies like garages and repair workshops. These companies have huge crushers and melting pots in which they send the metal of the junk cars to first have it all crushed down and then melted. This melted metal is then sold by these companies to other factories and manufacturers who need it in their production lines. This is where the business of car companies runs on a day-to-day basis.

Take the Car Battery out from under the hood… Car batteries contain lead, which is what is known as, a non-ferrous metal that means it contains no iron. Most scrap yards will not allow you to sell your car to them with a battery in it anyway, however you can sell the car battery separately for more money, if you know where to go, these usually bring between $8.00-$15.00 apiece.

Contacting an auto recycling company is typically more convenient and preferred more than doing it yourself. Even recycle guys who scraps cars often times get it’s all junk from one of these services.

buy junk cars It may not feel like your doing much for charity when you donate a car. But think about this. The proceeds that are made from the auction of your car, are given straight to a charity of your choice. This means a couple of things. First off, your simple auto donation helps ANY charity that you choose. This means you’re helping a cause that you actually believe in. You can donate it to a large charity, or a local animal shelter. Whatever you believe in. This means the power is in your hands. Your turning an automobile donation into hope for whatever it is you want to benefit.

For cars that are very old and not worth investing in, the company decides to recycle them. The usable parts are salvaged from the vehicle and are sold to mechanics that are willing to buy them. Metal itself has a lot of value, so the rest of the car does give the company some money as well. The metal can be given to scrap yards or to companies that will melt the cars body and the other metal parts, to make other items out of recycled metal.

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