How much do stolen catalytic converters sell for?

A catalytic converter stolen from some hybrid models can sell online for as much as $1,500 because it contains a larger amount of rhodium, which is resistant to corrosion and currently sells for more than $15,000 an ounce.

How much are they selling stolen catalytic converters worth?

Rise in catalytic converter thefts hits La Jolla

This metal shield was installed over a replacement catalytic converter on a Toyota Prius after the original converter was stolen. A used catalytic converter can be worth about $250 to $500 in recycling, but the cost of replacing it can be many times that.

Which cars are most likely to have catalytic converter stolen?

How do thieves sell stolen catalytic converters?

Thieves target vehicles like Toyotas, Fords and Hyundais getting under the car to cut the catalytic converters, sometimes in less than a minute. The converters are then sold to junkyards and scrap yards for a couple of hundred dollars. For you to replace it though can cost over $2,000.

What is the street value of a catalytic converter?

While the “street value” of a catalytic converter can range between a mere $100 to $700 depending on the type of vehicle it's stolen from, replacing a stolen one will cost you a lot more. With labor, a catalytic converter replacement is estimated at between $1,000 and $3,000.

Where Do Stolen Catalytic Converters Go?

Does insurance cover a stolen catalytic converter?

Is a stolen catalytic converter covered by insurance? If you have comprehensive coverage on your auto insurance policy, then you're typically covered against catalytic converter theft. Comprehensive coverage will typically pay to replace the stolen catalytic converter and repair any related damage from its removal.

Where can I sell my catalytic converter for the most money?

Where is the best place to sell catalytic converters? The obvious answer is – a scrapyard. While selling your catalytic converter to a scrap yard may seem like a better option, be wary of those you sell to.

Can I sell my own catalytic converter?

In short, scrap yards are your best bet for selling your catalytic converter because they will focus on the value of the metals in your cat, not your cat as an auto part.

What vehicles have the most valuable catalytic converters?

According to data from 2020, the most expensive catalytic converter belonged to the Ferrari F430, with a mind-popping $3,770.00 price tag. Moreover, the F430 needed two of them, so a full replacement would run car owners $7,540 before labor costs.

Can a car run without a catalytic converter?

As part of a car's exhaust system, the catalytic converter helps to reduce air pollution. You will not harm your engine or your car in any way by driving without a catalytic converter.

What year cars are targeted for catalytic converter theft?

In the western part of the country, the following cars are the top targets: 2001-2021 Toyota Prius. 1985-2021 Ford F-Series. 1989-2020 Honda Accord.

What kind of cars do Thieves target for catalytic converter?

The top cars targeted by catalytic converter thieves in the West are: 2001-21 Toyota Prius. 1985-2021 Ford F-Series. 1989-2020 Honda Accord.

Who would buy a stolen catalytic converter?

In the current market, catalytic converters can be resold to recyclers for as little as $50 or to precious metal dealers for as much as thousands of dollars per ounce, reported the National Insurance Crime Bureau (NICB).

How do I sell a catalytic converter?

Why do people steal catalytic converters?

Why are people stealing them? Thieves target catalytic converters because of the value of the metals found inside the devices. Catalytic converters are typically made up of three precious metals: platinum, palladium and rhodium. The value of all three metals have risen sharply in price in the last decade.

What do I do if someone stole my catalytic converter?

If you find your catalytic converter is missing, you should immediately contact the authorities. They will check local security cameras and work to see if they can help catch the person who stole your converter. Additionally, a police report may be essential to your insurance coverage.

How easy is it to steal a catalytic converter?

Unfortunately, stealing a catalytic converter is very easy to do. Thieves usually slide underneath a car with a battery-powered reciprocating saw and cut it right out of the exhaust line. It takes about 2 to 3 minutes and makes as much noise as any other power tool.

How do I stop someone from stealing my catalytic converter?

How much gold is in a catalytic converter?

Catalytic converters contain Platinum, Rhodium and Palladium. However, there is no gold in catalytic converters.

What vehicles are the easiest to steal catalytic converters?

Which cars are least likely to have their catalytic converters stolen?

American brands such as Ford, Chevy, Jeep, Dodge, and Chrysler tend to have less valuable catalytic converters and are therefore less likely to get stolen. Some Nissan, Hyundai, Mazda, and Subaru models also fall into this category. Many brands used cat designs that limited how many precious metals were inside.

What do car thieves look for?

Having a visible GPS unit in your car may tempt a potential thief to break into your car. Even an empty GPS mounting device or suction marks on the windscreen can be enough to show a thief that there is something valuable in your car.

Why are Honda catalytic converters stolen?

Catalytic converters are often stolen because they are valuable to scrap metal dealers. These converters contain precious metals like rhodium and platinum.