Do wreckers buying cars make a profit from their services? This question is commonly asked by people who are thinking of selling their junk cars to a wrecker for the first time. If you are interested in this and want to learn more, then read the guide below:
How Wreckers Buying Cars Make Cash
There is a misconception that junk vehicles aren’t value that much cash. But as the saying goes, one person’s trash is another person’s treasureand that’s exactly the business model used by wreckerswho buy cars. Here’s how they make cash from junk vehicles:
• Selling Scrap Metal
Did you know that the average vehicle is made up of about 65% steel and iron? And within that 65%, a fraction comes from fully recycled metal.
Metal recycling is a large industry. What’s great about this metal as a material is that it has an unlimited lifespan, which means you can recycle it repeatedly without losing its quality.
In fact, cars are the most recycled consumer product globally, recovering over 14 million tons of steel each year! As a result, the industry saves more than 1000 kg of iron ore, 600 kg of coal, and 50 kg of limestone per ton of recycled steel.
However, it’s not just infinite recyclability that makes steel so valuable. The metal is also in high demand in various industries, and manufacturers are always looking to save some cash during the production process.
Other valuable scrap metals from cars include copper, brass, and aluminium. However, note that these prices are not set in stone. The cost can fluctuate according to supply and demand, so if you want to earn more cash, keep an eye on the trends each year.
• Selling Spare Parts
Here’s some excellent news: The metal frame of a car is only the “exterior” source of cash. What’s inside the vehicle also matters a lot, especially if the parts are still reusable.
Consider your car’s engine, for example. It’s the heart of the vehicle, responsible for powering all its moving parts. This purpose makes it incredibly valuable to many buyers, including remanufacturers and rebuilders.
However, this doesn’t mean your car’s engine must always be working to sell for a reasonable price. Even junk motors are high in demand, often sold as scrap aluminium.
In addition, components like your transmission system, GPS device, catalytic converter, batteries, and wheels are value a hundred dollars or more, depending on their condition.
Why Should You Sell Your Vehicle To Wreckers?
Contrary to popular belief, car wrecking is not just about making cash. If you look at the bigger picture, this service contributes significantly to environmental protection.
Wreckers buying cars in Sydney help preserve natural resources, preventing manufacturers from mining for raw materials. In addition, wrecking reduces harmful emissions and energy consumption. So if you want to play a role in saving the environment, contact Anytime Cash forCars at 0412 525 712 and sell your junk vehicles for a fantastic price! We will pay you in cash on the spot, plus our pick-up services are free of charge!
About The Author
Anytime Cash for Cars is one of the largest independently owned Car Removal Company in Sydney. Yasin Azimi, the Chief Operations Manager at Anytime Cash for Cars has an extensive experience in the “Cash for Car” & “Car Removal” industry. With his years of experience, he aims to bring unparalleled services in the quickest possible time! Yasin Azimi and his team of experts buy cars reasonably & efficiently and offers ANYTIME free car removal and towing services across the Sydney region. In addition, he provides you with the best deals that you won't find at any other vehicle wrecking company. Contact them today!
