Junkyards purchase wrecked vehicles that are not worth the cost to repair and then sell any car parts from the vehicle that are still functional. They get their inventory from sources such as private owners, insurance companies, and auto auctions. Many junkyards offer free towing services to incentivize selling them your junked vehicle.

There are many factors that determine the price, but most commonly you will get between $250 and $500. The prices fluctuate based on the scrap metal market prices and the weight of your vehicle determines how much scrap metal you have. Other factors to be considered are whether or not you need a tow, the mileage on the vehicle, and any damage. A running vehicle is worth more then one that is totally decommissioned.

Some self-service junkyards charge an entrance fee (normally less then $10) to walk around. This is to help cover maintenance and administrative costs that the yard incurs.