The catalytic converter in the scrap industry has become a HOT commodity. With the prices of platinum, palladium, and rhodium – the three precious metals found inside catalytic converters – soaring to an all-time high, catalytic converter recycling has become a huge part of the scrap metal industry over the last few years. There are many scrap yards that purchase scrap catalytic converters across North America, but there are several problems when it comes to selling catalytic converters.
Most Common Problems Selling Catalytic Converters To Scrap Yards:
- Lack of Knowledge – A lot of scrap yards buy catalytic converters, but don’t really know how to grade them properly because they don’t have resources.
- Inexperience – Catalytic converter recycling is a new territory for a lot of scrap yards, so they don’t know how to buy them correctly.
- Lack of Resources – Scrap yards that are looking to increase their selling of catalytic converters have a hard time finding the correct information for buying it.
How Do You Find The Right Scrap Catalytic Converter Buyer?
With so many problems and lack of knowledge across scrap yards, there are many independent buyers like auto shops and garages that will start to buy catalytic in their region. While this may seem like a quick and easy option, seller beware. Some of these smaller locations may not have all the resources and knowledge of providing the correct pricing and grading for your catalytic converters.
Why Local Auto Shops Aren’t The BEST Option
Something else you have to consider about smaller auto shops that buy catalytic converters; unless they are buying a lot of catalytic converters regularly, it will be difficult for them to pay you top prices. They are most likely going to have to cut corners on profits so they can sell to a bigger buyer and make a buck.
Where Is The Best Place To Sell A Catalytic Converter?
An obvious answer is – a scrap yard. While selling your catalytic converter to a scrap yard may seem like a better option, be wary of those you sell to. Like the problems we mentioned early like lack of knowledge, some scrap yards may be limited in giving you an accurate price.
Key To Selling Your Catalytic Converters: Serial Numbers
A key factor in knowing when a scrap yard how to properly quote a price for your scrap catalytic converter is when they ask for a serial number. When selling your scrap catalytic converter, serial numbers are the most accurate way to get the right price for the value of it. Serial numbers will provide, not only the year, make, and model of the vehicle it came from, but also the recovery of precious metals from inside for the processors.
What If I Don’t Have A Serial Number?
If you are searching for a serial number on your cat and can’t find one there are a few things you can do.
- Grab Steel Wool – Some catalytic converters have corrosion on them, so you may have to scrub some of the rust off to find a serial number,
- Really, There’s NO Number! – Some cats just don’t have a serial number and that’s ok. A reputable buyer should still be able to identify it.
*tip* When getting a quote from the scrap yard for your catalytic converter buyer, don’t tell them what year, make, or model it is until they TELL YOU.
If you already know where it came from, see if they know their stuff and can properly identify it for you.
Ready To Sell Your Scrap Catalytic Converter?
Now you know the key factors to look for before you sell your scrap catalytic converters, it’s time to find a buyer! Search the iScrap App to find some local scrap yards and give them a call. If they say they buy catalytic converters, ask them what their buying procedure is. Remember: SERIAL NUMBERS!
If your local yards don’t buy catalytic converters or they don’t quote them based on serial numbers, you may want to look for a National Scrap Catalytic Converter Buyer. Our sister company Rockaway Recycling, is a leader in buying scrap catalytic converters nationwide and they do quote based on serial numbers. You can get a price quote in one business day for your scrap catalytic converters, all you have to do is send pictures of the serial numbers.