You’ve been driving your Toyota Camry for almost ten years, but now it’s time to say goodbye. As the tow truck pulls into your driveway, tears fill your eyes as you wonder what next for your old four-wheeled friend. The truth is that while this may be the end of the road for you and your car, many things could happen to it from this point on.
- Be sold at auction
- Be scrapped for parts
- Be placed in a junkyard
What happens to a car that is completely totaled is completely different from what happens to a car that is in reasonably good shape. While it can be difficult to say goodbye to your first, second, or even third car, we hope that the following information will set your aching heart at ease.
It can take anywhere from 15 to 18 hours to build a roadworthy vehicle. However, when placed into a “crusher,” a car can be reduced to a pile of scrap metal within a matter of seconds.
Each car crusher (sometimes referred to as “shredders”) use thousands of horsepower to compress cars. From there, the metal in these vehicles is either melted down, removed manually from the heap, or flattened.
While you may shudder at the idea of your car being reduced to a two-foot pile of metal, glass, and plastic, this is actually an environmentally-friendly way of reusing old material.
According to Popular Mechanics, more than 95% of your car’s metals are reusable. In fact, recycling car parts is one of the most recycled consumer products in the world, followed by paper, cardboard, and glass.
Very few cars are completely empty once they are placed inside of the crusher. Popular Mechanics says that upon being crushed, each car contains about $1.65 in spare change. Junkyard mechanics do not just keep the change though; instead, they take these coins and sell them back to the U.S. Mint for a fee.
There are typically three reasons why a car might get sold at auction:
- It could not be sold at the dealership.
- It was sold by its owner.
- It was repossessed.
What might be a unroadworthy car to you could be a fun weekend project for someone else. Additionally, many dealerships are not able to clear their stock. To recoup their losses, they may have an auction to refresh their inventory.
If an auction house agrees to take your car, they will likely take a percentage of the sale. This percentage will depend on a variety of factors, but it will most likely be anywhere from 15 to 20 percent.
- The auction house will advertise that it is selling your vehicle. It may ask you to provide information about its mileage, make, model, year, and whether it was involved in any accidents.
- The auction will happen at a pre-determined date. The auction could be in-person or online, depending on how the auction house runs its business.
- People will bid on the car in certain increments. How high they will bid will ultimately depend on your car. For instance, a 1950 Chevloret pick-up truck will likely sell for more than a 1999 Saturn.
- The auction ends. You may not get what you put into it. You will sign over the car to its new owner and take the money––after you have given the auction house its cut, however.
If you decide to sell your used car at auction, the proceedings may go differently than those listed here.
You’d be surprised at what some people are willing to buy. Some people will buy a used car solely for the purpose of destroying it, either as part of a movie or another endeavor. Others will buy an entire car just for one single part. This is especially the case with older cars that have discontinued parts.
Do not assume that your car will not sell at auction. For every seller, there’s a buyer–even if it takes a while.
Everything is relative. What may be a clunker to you could be a teenager’s first car. Some people purposefully buy older, worn-out cars all the while knowing that they will get a year or two out of it.
If you are unsure whether your car is at the end of its life, ask yourself the following:
Many people hear this term and picture a pile of steaming rubble on the side of the road. Instead, according to Investopedia, a totaled car is one where it costs more to fix it than its actually worth.
So, if you have a 2010 Ford Escape that needs $3,000 worth of repairs, this would be considered totaled since its resell value is only about $2,500 (per Kelley Blue Book).
In addition to the cost of repairs, some factors that could determine whether your car is totaled include:
- You are unable to get from point A to point B without stopping.
- The “check engine” light is on, and you know that it will be expensive to fix.
- You are concerned for your safety while driving your vehicle.
A car’s maximum life is roughly 15 years. If you have owned your car for a significant period, it may be time to consider trading up.
Ultimately, what happens to your car at the end of its life depends on a lot of things. With some love and care, some cars are able to return to the road with no problems. However, some are just gone beyond the point of no return.
The great thing about cars that meet the end of their lives is that for the most part, they can be scrapped for parts. Not only can this reduce our collective carbon footprint, but it can also keep our cars alive in one way or another.