Average payments for scrapped vehicles vary from £150 to £300 but there are several deciding factors that can affect how much you receive.

February Average Scrap Car Price $416 The value of your scrap car is dependent on various factors, including the global demand for scrap metal, as well as the make, model, age, weight, condition and location of your car.

In terms of strict scrap metal prices, cars are worth about $200 (assuming an average-sized sedan that weighs about 1.3 tons). It’s most definitely a “buyer’s market,” with local junkyards receiving new cars on an almost daily basis. That doesn’t necessarily mean you have to settle for low junk car prices, though.

Scrap value, on the other hand, is the sum of your car’s deregistration value plus your car’s body value. As noted previously, the deregistration value is the sum paid by LTA. The body value, though, is the amount your dealer is willing to pay to take the car off your hands.

Under the Scrap Metal Dealers Act, introduced last October to combat metal theft, particularly copper from railway lines, it is illegal for anyone to pay cash for scrap cars. Most will issue a cheque or make a payment directly into your bank account.

Scrap value is the worth of a physical asset’s individual components when the asset itself is deemed no longer usable. Scrap value is also known as residual value, salvage value, or break-up value. Scrap value is the estimated cost that a fixed asset can be sold for after factoring in full depreciation.

To get the most money in scrapping your vehicle, sell the car’s parts first, then sell the remaining shell for scrap metal. Parts that are easy to sell and will easily double or triple your your revenue are: The car stereo, the car’s engine, transmission, windows, mirrors, doors, windshield wipers.

Current Prices

• #1 Bare Bright Wire$2.40/lb. #1 Copper Tubing / Flashing$2.10/lb.
• Insulated Copper Wire (Cat 5/6)$0.62/lb. Romex® Wire$1.12/lb.
• Aluminum NA.
• Car Batteries$0.22-$0.26/lb.
• Car Batteries$0.22-$0.26/lb.
• Small Foreign Cat$82-$97/each.
• Steel $0.03-$0.05/lb.
• Clean Green Motherboards$1.15/lb.

Unless your car is a complete pile of junk, there is no reason to sell it to a junkyard. Even if it’s rusty and the engine and transmission are messed up, you can still make some decent money off it. If that’s the case, part it out instead. You will make more money doing that then you would selling it to a junkyard.

The scrap value is made up of two parts: COE Rebate and the PARF Rebate. You will receive a rebate based on the portion of unused COE. This is pro-rated to the number of months and days remaining on the COE, and is based on the last Quota Premium (QP), or Prevailing Quota Premium (PQP) that you paid!

How to scrap your vehicle

1. Apply to take the registration number off the vehicle if you want to keep it.
2. Scrap your vehicle at an ATF.
3. Give the ATF the vehicle log book (V5C), but keep the yellow ‘sell, transfer or part-exchange your vehicle to the motor trade’ section from it.

Ferrous scrap prices vary based on grade and quantity. Prepared steel scrap prices are around $490 per ton, cast iron scrap is around $400 per ton Clean copper scrap is worth at least $3.00 per pound. It may be possible to get prices near $3.50 per pound in some areas.

Iron and steel scrap prices in the United State came to around 266 U.S. dollars per metric ton in 2019. The majority of domestic steel industry scrap consumption is from manufacturers of pig iron

Scrap Metal prices for car bodies is around $250 per ton. In addition, the catalytic converters and rims are also worth money.

Having these metals side by side gives you a chance to compare likely prices between the most common forms of junk metal. Iron – $0.04 or $0.05 a pound Lead – $0.08 to $0.15 per pound Steel Scrap – $0.10 to $0.16 per pound Stainless Steel – $0.15 to $0.35 per pound Brass – $0.22 to $0.90 per pound Aluminum Scrap w/some Steel – $0.40 to $0.55 per lb

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