Why are Catalytic Converters so Valuable on Junk Cars?

When your car decides to take a trip to that great junkyard in the sky, you may be surprised to know that it's still worth some money. The junk car market is getting more valuable than ever, and one of the main reasons is through your vehicle's catalytic converter. Catalytic converters are actually so valuable that thieves will even target cars in parking lots to remove their catalytic converter, rather than just stealing the car. Before you think of junking that old car, take a look into just why the catalytic converter can be so valuable.

The Hunt for Precious Metals

You may not know it, but the actual catalyst in your catalytic converter is actually usually made from a precious metal. This is because metals such as platinum have been proven to be the best catalytic agent. Platinum prices are sky high in most markets, with an average of $1,500 per ounce. Given platinum's many uses throughout a numerous amount of marketplaces, such as the auto or jewelry markets, it's little wonder it's in such high demand. Additionally, platinum can be melted down and used over and over again while retaining its value, unlike other metals.

Recycling Your Catalytic Converter

While recycling your junk car may sound like the most "green" thing to do, it can also be very profitable. Before you approach a scrap metal yard or look to sell your vehicle on, take the time to research what you may have on your hands and what it may be worth. Going in armed with the most information will make it easier for you to negotiate a good price, particularly if your older vehicle typically has a platinum catalytic converter as its standard gear. 

You've probably seen commercials or heard the phrase, "that old car is worth money." By understanding about the make up of your catalytic converter, it's easy to see why. Research your car before selling it on, or ask for an appraisal from a trusted car mechanic. You'll be glad you did when that money hits your pocket.


About Our Junk Car Removal Company
More Cash For Junk Cars Atlanta
Address: 1170 Peachtree Street Suite 1261 Atlanta, GA 30309
Phone: (404) 468-4589
http://www.morecashforjunkcarsatlanta.com