If you are short on money and are considering trading a junk car for cash, there are a few things you should know. A junk car can be defined as a car that is beyond repair. It can also be described as a “lawn ornament,” although some of your neighbors may call it an “eyesore.” However, trading your junk car for cash can also be a nice payday. Here is what you need to know about the value of your junk car and what factors could potentially affect the amount you get for it.

1. Make and Model

Everyone wants to get top dollar for their junk car, but just like reselling your car before it became junk, the make and model of the car will play a role in how much you can expect to get for that junk car. A luxury or exotic car will result in more money than a lower-end vehicle. In many cases, the junk car company will have a sliding scale of the top dollar they will pay based on the make and model of the vehicle.

2. Market Need

Getting a little more for your junk car is not only related to the make and model but also to the market demand for parts for the car. The value of your vehicle may increase if it has sought-after parts and components in good working condition. Fuel parts, transmissions, body parts, and electronics can be valuable in the used parts market.

3. Metal Prices

It's likely a big chunk of your vehicle will be sold for scrap metal. However, according to the Car Salvage Association, only about 80% of the vehicle by weight can be recycled. The other 20% is considered auto shredder residue. This means that if the vehicle is headed to the scrap yard for metal recycling, the heavier the vehicle, the more value it holds.

The bottom line is several things will affect how much cash you can get for a junk car. Your first step in getting clear answers is to work with a trusted source to sell your junk car. Turning your old car into cash is easy when you work with the right source. If you have an out-of-service vehicle and you want to trade your junk car for cash, call Big Boy Cash For Junk Cars now.