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How Did COVID Impact Junk Car Prices?

junk cars

The recent Covid-19 pandemic has affected nearly every aspect of daily life. Healthcare, education and the job market have all seen major changes, thanks to recent events. The vehicle industry and the junk car industry have also both seen some changes since Covid hit. Keep reading for everything you need to know about how Covid has impacted junk car prices. 

Junk Car Prices and Covid

Before the Covid-19 pandemic reached the US, junk car prices were on the rise. New tariffs on imported steel and aluminum made purchasing new metal very expensive, so recycled materials were in demand. 

Like other industries, the junk car business dropped at the beginning of the pandemic. People weren’t driving as much during lockdowns, so no one was buying or selling used or junk cars. After the initial losses, junk cars have jumped up again in price and demand has risen again. 

New Car Prices and Covid

New cars have experienced a surge in prices in recent months, thanks to the fallout of the pandemic. For one, the pandemic drove a massive rise in electronics purchases, resulting in a shortage of microchips that new cars need. Secondly, there is a rise in new-car buyers since most people are returning to work and making large purchases they couldn’t make at the height of lockdowns. 

These higher prices for new cars have prevented thousands of purchasers from picking up a brand new model. Instead, they opted for used cars, taking thousands off the market in a short time. 

Supply and Demand of Used Cars

In addition to people buying used cars when they would normally buy new ones, the supply of used cars was further drained by rental car companies. When people stopped traveling in 2020 at the beginning of the pandemic, rental companies were economically forced to sell off a portion of their fleets to stay above water. When travel opened up again, not only do these rental car companies not have enough cars to accommodate all travelers, but they also are not selling their used vehicles at the pace they normally would have. 

What it Means for Junk Cars

The high demand and low supply of used vehicles mean that owners are keeping their cars for longer. To keep those older vehicles running, many drivers are turning to junk cars for replacement parts and repairs. Maintaining cars so they can be on the road longer will prevent drivers from having to purchase a new or used vehicle when prices are at their highest. 

Contact Boston Junk Car

If you’re ready to get rid of a junk car, contact the experts at Boston Junk Car. We’ll be able to help you get rid of your old vehicle for the best price around. Give us a call today at 617-719-6436

How Does Mileage Affect The Value Of My Car? 

mileage on car

If you have a car you want to sell, you need to know all of the factors that can affect the price you can ask for. Of course, age and condition can impact your pricing, but one of the factors that can have the most drastic effect is mileage. Keep reading to learn more about how mileage affects the value of your car. 

How is Value Calculated?

When you’re looking to buy or sell a used vehicle, keep in mind the several factors that help you calculate the price. The make, model, year, mileage, engine size, and fuel type are the most common factors that will have the biggest impact on pricing. 

How Mileage Affects Value

A car with fewer miles on it will have a higher value than a high-mileage vehicle. The more miles on the odometer, the larger you can expect repair and maintenance bills to be. Even if the car isn’t very old, more miles means more wear to the engine, tires, and body. 

The average American driver puts around 13,500 miles on the odometer every year. If your car is five years old and has around 27,000 miles on it, you’re right on track. However, if you drive much more than that and have double the miles, your car will be worth less. 

Let’s look at some examples. If we were to compare two cars with the exact same specs – make, model, year, etc. – they should fetch the same price. However, let’s say one car has 40,000 miles and the other has 32,000. With 20% more miles, that vehicle will have a value around 20% less than its low-mileage counterpart. 

Other Factors To Watch Out For

Mileage isn’t the only factor that determines the value of your car. Here are a few more things to watch out for when buying or selling a used car. 

  • Wear and tear. Normal wear and tear from daily driving is expected, but if the condition of the car seems a lot older than its actual age, the price will drop. 
  • Broken parts. Even if the car drives well and has low mileage, broken parts will drop the value. For instance, the air conditioning doesn’t cool properly, or the electric windows don’t work.
  • Lack of maintenance. Not keeping up with oil changes and other regular maintenance can age a vehicle, despite low mileage. Make sure to have your car regularly serviced to keep its value up. 
  • Several previous owners. The more owners the car has had, the lower its value. 

Contact Boston Junk Car

Ready to get rid of your old and beat-up car? Boston Junk Car offers cash for junk cars! We will come to tow your car for free and offer you cash based on the value of the individual car parts. Give us a call today at 617-719-6436.

Should I Buy A Car Battery From A Used Car?

car battery

 

You may be faced with the dilemma of choosing between a used car battery or a new one. This decision may be borne out of financial constraints or others. Whatever the case, is buying a used car battery something you shouldn’t even consider? This article discusses the eye-opening information you probably never knew about used car batteries. Read through!

 

Why consider it?

Environmental Benefits

Discarding used batteries may cause pollution to the environment. When improperly disposed of, used batteries release toxic chemicals into the air, contributing to air pollution. Natural water bodies also get polluted by these poisonous chemicals when they get trapped in the atmosphere and come back down in the rain. Reusing used batteries is an effective way to reduce environmental pollution.

Cost Benefits

Used car batteries are likely to cost cheaper than brand new batteries. So is you are on a budget or trying to save money without losing out on quality, a used battery is a good idea. 

Quality and control test

Many dealers usually ensure that the batteries they buy have been tested thoroughly to ensure their stability and fitness for their purpose. 

Also, many used car batteries have been barely used if the car it was used in broke down for other reasons. So even though you are buying a used battery, it’s almost like buying a brand new one sometimes.

 

What to look out for?

Warranty 

Reputable dealers in the business of reselling used car batteries usually offer a warranty. They guarantee that the car battery will work for some exact amount of time. Be sure to ask for a warranty when purchasing a used car battery. If no assurances are offered, it is best to check some other dealer.

Corrosion

Always examine the used battery thoroughly for corrosion. Dust or dirt is okay, but any orange or green corrosion anywhere around the battery means that the battery has little life left. It is usually found around the battery terminals, and the cable ends. Be sure to check these places thoroughly before purchasing the battery.

Battery Age

Always make sure to check the date stamp of the used car battery. The date is usually a letter and a number which tells you the year. Letters A through L stands for the month. So if the stamp date reads C19 or C9, it means the date of manufacture was March 2017. Since the average life expectancy of a car battery is between three and six years, knowing the manufacture date can help you make an informed decision.

Contact Boston Junk Car

If you’re looking for a company to tow away your junk car for you, contact Boston Junk Car! We offer cash for all old junk vehicles.  You can learn more about Boston Junk Car and our offerings by giving us a call at 617-719-6436 and we’d be happy to answer all your questions about buying, selling, and towing.

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