Scrap metal prices differ based on various factors. The demand for scrap metals, price of new metals and present offer of scrap metals lead to a rise and fall in the prices of junk cars.

Few seasonal variations also affect the prices of scrap metals. During winters, the scrap metal prices are lower than other times because the construction industry is less active at that time. And during summers and spring, the scrap metal prices rise as the construction industry is more active during those seasons.

Apart from the above reasons, the location is also an important factor in the rise and fall of scrap metal prices. Scrap metal prices in Chicago, Illinois vary based on the local markets. The scrap metal prices are lower at businesses that don’t process scrap metal on their site. This is because of the transportation costs for moving the scrap metal to the processing plant.

Following are the steps involved in determining the scrap metal prices in Chicago, Illinois:

FIRST STEP: CHECK REGIONAL SCRAP METAL PRICE

You can find the regional scrap metal prices by doing some research online. You can find several websites online that offer information on the current prices of scrap metal based on region, and metal type. You can find scrap metal prices for a broad range of categories.

Checking the current scrap metal price of your region will help you know how much price to expect from junk car selling. Having this information will prevent you from selling your junk car to buyers for low prices.

SECOND STEP: VISIT LOCAL SCRAP PROCESSING PLANTS

The primary causes of fluctuations in the scrap metal prices are demand and offer of scrap metals. Hence, it is best if you visit your local scrap processing plants and ask them how much they would be willing to pay for your junk car.

You don’t have to stick to just one scrap processing plant. You can contact several others before selling your junk car to them. Some scrap metal processing plants specialize in scrap metals like copper, aluminum, brass, and steel, while few businesses recycle alloy products on their site.

Few businesses also offer metal recycling where you can recycle industrial scraps. There are several scrap metal buyers and recyclers who buy scrap metal, you only need to find the most suitable for you.

If the offers given by these buyers don’t satisfy you or all this seems like a hassle, then you can follow the next step.

THIRD STEP: FIND OUT YOUR JUNK CAR’S WORTH

If you own a junk car that does not run, then the best way to get top dollar is by selling it as scrap metal. However, scrap metal price in Chicago, Illinois greatly depends on weight, model, year, and make of the junk car.

You can start figuring out your junk car’s worth by finding its weight. You can find the curb weight and Gross Vehicle Weight Rating (GVWR) of the car on a sticker on the doorframe of the driver’s door.

The curb weight is the weight of the empty car. The GVWR is the combined weight of the cargo, the car, and passengers.

In case you can’t find the sticker, you can search the year, model, make of your junk car online and find your junk car’s curb weight.

Here’s how to get an estimate of your junk car’s worth:

  • Multiply the curb weight (in pounds) by 0.50.
  • Take the result and multiply it by the current steel price per pound.
  • This calculation is done based on the assumption that your junk car contains 50% scrap metal. It is called a Low-end estimate.
  • The next step is to multiply the curb weight (in pounds) by 0.70.
  • Then multiply the result by the current steel price per pound.
  • This calculation is done based on the assumption that your junk car contains 70% scrap metal. It is called a High-end estimate.

EASY WAY TO GET THE BEST VALUE OUT OF YOUR JUNK CAR

The above-mentioned process takes a lot of time and resources to get the best value from your junk car. If you simply don’t have the time to calculate the value or look for scrap metal buyers, then you can choose to sell your car to Cash for Junk cars services.

There are plenty of buyers who offer top dollar for junk cars in Chicago, Illinois.

Cash For Junk Cars Chicago – Smart Tow Inc offers top cash for junk cars. We use a sophisticated method to find a quote for the accurate value of your junk car so that you get a fair and reasonable quote. Our prices for junk cars are always high and competitive.

We not only offer high cash for junk cars, but we also offer free towing for junk cars. Our junk car removal service is fast and efficient; we can remove your junk car from your property within 24 hours of getting in touch with us HERE.

When you plan on selling your junk car for cash, you can reach out to us at +1 708 663 1010 and talk to us about your junk car. We will send you a free quote within a minute or two. Once you accept our quote, we will schedule a pickup for your junk car and pay you cash on the spot.