If you are planning to sell out your scrap metal, read this article before making any decision in haste.
Knowing the factors that influence scrap metal prices will help you find a better deal.
Scrap metal prices vary from merchant to merchant. For instance, if you are enquiring about scrap aluminium prices in Sydney, different merchants will offer different quotes. Don’t let an imposter get away with your scrap metal for the lowest price possible. You need not go out in the sun, door to door, in order to compare prices from different scrap dealers in your locality. This could be easily done online or over the phone.
There are several websites that provide information on recent scrap metal prices, on a daily basis. You could use those websites as a reference for the price quotes offered by different scrap dealers you are looking at. The dealer you are selling to must have a proper weighing scale and should pay for your scrap metal instantly. The ones that keep their customers waiting for the payment are the ones who succeed in paying lesser than what they should. Keep clear of such scrap dealers who do not keep their end of the bargain.
Scrap metal prices are determined by the law of supply and demand. If the scrap metal that you’re selling is rare and is in high demand among the dealers, the prices will be high and vice versa. So, don’t let any scrap dealer trick you into selling your valuable scrap for a throw-away price.
A few tips to help you through the process:
Always sell your scrap to a local dealer: When you sell to a local dealer, you will save transportation expenses and other extra taxes that are levied on inter-city transportation of scrap metal.
Confirm free towing assistance beforehand: Most scrap buyers refuse to offer free towing assistance. Talk to your scrap dealer about the same, and if they are not willing to offer free towing assistance, ask them to adjust the towing expenses in the price itself.
Weigh your scrap at some facility other than the dealer’s: Most dealers have tampered weighing scales that are adjusted to show false readings. When you are going to sell your scrap, get it weighed at an independent weighing scale first. This will only take a few bucks but can save your hundreds of dollars in the process.