If you have a scrap car in your garage, the best way to get rid of it is to sell it to auto wreckers. Firstly, they will remove your car in an ecofriendly way, so that the car does not contribute to carbon footprint. And secondly, and most importantly, it will help you get some liquid cash instantly. Reputable companies that remove old, scrap cars for cash in Canberra will pay a handsome price for your car, depending on its condition. Now the question is, how do these car wreckers determine the right price for your scrap car? Let us take a look into the issue.
Price of scrap metals at the time of the sale
The demand & supply of scrap metals change on a daily basis and that affects the price of the junk, scrap, old cars that are sold as scrap metals. Most of the weight of junk cars is derived from the steel and aluminium that their body and other components are made up of. That is why, the current prices of aluminium and steel on the given day or period at the time of the sale will have a significant effect on the price that the auto wreckers in Canberra will pay for your scrap car.
Besides, the current economic condition prevailing in the country as well as the rest of the world, the current cost of energy to some extent are going to influence the cost of the car you will get.
Thus, the best time for selling your scrap car is when the demand for scrap metal is high. However, there is a catch. If you find the demand and the price of scrap metal is high, do not think they will remain high or go even higher. So do not wait – get in touch with a company that removes old cars for cash in Canberra and sell it off to them to get the best price.
The cost may vary depending on your location. For instance, if you are in the Canberra ACT region, the tariffs of the state on imported aluminium and steel in Australia will have an effect on the price. If the tariff is increased by the Government, it may force the manufacturers to turn to the local recyclers for aluminium and steel. So the increase in demand will drive the cost of the metal high, influencing the cost of your car. If there is a manufacturing downturn, the car wreckers in Canberra will pay you a higher price for your junk car.
The Make, Model & Condition
Last but not the least, the price will also depend on the make, model and condition of your car. Certain models enjoy more demand than the others in the scrap car market. Also, if your car model is relatively recent or newer it will fetch you a higher price. For instance, if the model of your car is a few years old or even less, the wreckers who pay cash for cars in Canberra will pay you a better price.
Remember, the newer and the more modern cars use more environmentally friendly plastics and much less aluminium and steel. This may again affect your price.
And then finally, the condition of your car will have a huge impact on the price of your car.
For further details, you need to contact Prime Cars Removal, if you are in and around Canberra. Call us at 0452 262 880 to book an appointment or mail us at email@example.com to know more in details.