Q:

What is the scrap value of a wrecked car?

A:

Quick Answer

The scrap value of a wrecked car ranges from $200 to $400 in October 2015, depending on the vehicle's location, type and condition, reports Cash Auto Salvage. The value also depends on current scrap metal prices.

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Full Answer

Appraisers set the scrap value of a wrecked vehicle by determining the vehicle's market value and the total cost of repairs to make the vehicle run again. Kelly Blue Book determines that this amount is usually 20 to 40 percent of the vehicle's used value. Most salvage companies purchase wrecked vehicles for the metal value rather than the parts value. Some working components may have more value than the vehicle's scrap value.

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