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Scrap value of a used car?


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#1 Darth Baiter

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Posted July 29 2009 - 7:04 AM

Can anyone estimate the current scrap value of a 5500 lb SUV? I'm trying to take advantage of the Cash for Clunkers rebate program and I'd like to know the value of the scrap for negotiation purposes. Thanks.
DB


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#2 TheSpaniard

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Posted July 29 2009 - 7:41 AM


See link. It explains it pretty well.

 



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Create instead of living off the buying and selling of others.......

#3 bido

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Posted July 29 2009 - 7:56 AM

Scrap for parts? I would call a junk yard. Not sure how to estimate that.
Be careful on the trade in for Cash for Clunkers, the EPA just raised the MPG requirements for alot of SUVs (without telling anyone)...I read some dealers are now asking for $4500 back from people who participated if their car now doesn't qualify. Another well run Obama plan..


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#4 Bill A

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Posted July 29 2009 - 8:13 AM

You can also donate the vehicle for a tax deduction.
A number of charities take them. I donated an old commuter car some years back to big brothers and big sisters. They do all the leg work after you call, including towing it away (even if it runs). It had near zero market value, but I was given a receipt for about $600. They tow it because at that point you have surrendered the title, so it is no longer a registered vehicle.


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#5 VTECgsr12

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Posted July 29 2009 - 8:28 AM

Darth,
I liquidate off-lease used vehicles all day and week long for a leasing company...Scrap prices have taken a nose-dive since March and will not be on the rebound anytime soon. An increased supply partnered with some other variables has driven prices down. Depending on what's salvageable in your SUV (engine, major powertrain parts etc...) I can't see you getting more than $500...but again it could be a little more or a little less. Got any pics?


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#6 Darth Baiter

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Posted July 29 2009 - 8:47 AM

Darth,
I liquidate off-lease used vehicles all day and week long for a leasing company...Scrap prices have taken a nose-dive since March and will not be on the rebound anytime soon. An increased supply partnered with some other variables has driven prices down. Depending on what's salvageable in your SUV (engine, major powertrain parts etc...) I can't see you getting more than $500...but again it could be a little more or a little less. Got any pics?


Thanks. I found an 2008 estimate of $180 to $300 so yours is a better number. No pics - a 1998 Nissan Pathfinder XE is what's being scraped.


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#7 Kings over Queens

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Posted July 29 2009 - 9:05 AM

A friend of mine scrapped an early 90's bronco, the big body style...got around 6 or 7 hundred as I recall. We joked that half the weight was from sand in the carpets.


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#8 ctd450

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Posted July 29 2009 - 9:11 AM

Thanks. I found an 2008 estimate of $180 to $300 so yours is a better number. No pics - a 1998 Nissan Pathfinder XE is what's being scraped.


What's wrong with it?


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#9 Darth Baiter

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Posted July 29 2009 - 10:00 AM

What's wrong with it?


150K, speedo link to trans is shot and seized in place so no speedo and mega bucks to drop the trans to remove and replace $200 speedo part, drivers rear door locks broken - no in or out, 1/2 the rear seat back is busted so it doesn't lock in place and trade in is $1200 vs $4500 Cash for Clunker on a new Forester. What a bargain for me. It's my son's daily driver and it's been great on the beach. The speedo issue will prevent me passing inspection next October so he's been using a GPS unit to track speed and mileage since Feb. Time to part with this one.


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#10 MaxKatt

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Posted July 29 2009 - 11:01 AM

I had a good experience with Car Cash in NYC. After hearing their jingle/song for so many years on Howard Stern I was glad to finally try them. I had awful luck with a 2001 Ford Escape. I bought it new. It was totally dying when I took it in last year. Couldn't even go in reverse anymore. They gave me $300. I was just happy to be legally rid of it.


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#11 HatterasJack

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Posted July 29 2009 - 11:50 AM

I had a good experience with Car Cash in NYC. After hearing their jingle/song for so many years on Howard Stern I was glad to finally try them. I had awful luck with a 2001 Ford Escape. I bought it new. It was totally dying when I took it in last year. Couldn't even go in reverse anymore. They gave me $300. I was just happy to be legally rid of it.


could've had your wife follow you on I-280 into the Newark area, pulled over on the shoulder and lit a newspaper under the seat - then make an insurance claim that you had a ton of valuable stuff in the vehicle when it caught fire


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#12 VTECgsr12

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Posted July 29 2009 - 1:52 PM

"

The agency has received questions regarding the value and disposition of the
trade-in vehicle. The CARS Act specifies that while many parts of the trade-in vehicle
are permitted to be removed and sold, in the end the residual vehicle, including the
engine block, must be crushed or shredded. Therefore, the trade-in value of the vehicle is
not likely to exceed its scrap value. Purchasers should not expect to receive the same
trade-in value as they might if the vehicle were to remain on the road. The Act also
requires dealers to disclose to purchasers the scrap value of the trade-in vehicle at the
time of the trade-in and allows dealers to retain up to $50 of the scrap value of the vehicle

for their administrative costs of participation in the program." CARS


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#13 Darth Baiter

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Posted July 29 2009 - 2:22 PM

"

The agency has received questions regarding the value and disposition of the
trade-in vehicle. The CARS Act specifies that while many parts of the trade-in vehicle
are permitted to be removed and sold, in the end the residual vehicle, including the
engine block, must be crushed or shredded. Therefore, the trade-in value of the vehicle is
not likely to exceed its scrap value. Purchasers should not expect to receive the same
trade-in value as they might if the vehicle were to remain on the road. The Act also
requires dealers to disclose to purchasers the scrap value of the trade-in vehicle at the
time of the trade-in and allows dealers to retain up to $50 of the scrap value of the vehicle
for their administrative costs of participation in the program." CARS


Not sure that's readily being volunteered by dealers, I raised the issue with mine and was told there was no value. Not so true, it could be $500 more profit the dealer sees that I didn't intend.


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#14 Tfisher

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Posted July 29 2009 - 2:46 PM

last night we traded in a 2003 Hyundai Santa Fe for a new one and I'm not sure of the weight of the car or if they were going to re-sell it (I wouldn't with 160k miles and air conditioning problems/needs 4 new tires/ & the passenger power window doesn't go down ect.) and we got $2500 for it.
edit to add I only got $500 charity donation for my 94 VW Golf when I donated it to Kars-for-kids
they did also send a voucher for a 4 day 3 night stay in FL that we never used (but I'm sure thats what they want you to do: not use em


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#15 boatail

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Posted July 29 2009 - 3:47 PM

could've had your wife follow you on I-280 into the Newark area, pulled over on the shoulder and lit a newspaper under the seat - then make an insurance claim that you had a ton of valuable stuff in the vehicle when it caught fire

sounds like breaking a fishing pole to get a new one !!


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