How much do thieves get for a stolen catalytic converter?

Thieves can make anywhere from $25 to $300 for a standard catalytic converter, and ones from hybrid vehicles can sell for up to $1,400. These parts are also relatively easy to access from under the vehicle.

What cars are most targeted for catalytic converter theft?

What does a stolen catalytic converter sell for?

The metals are expensive, and thieves sell the converters to scrap yards for several hundred dollars per piece, depending on the size of the converter and the current rate on the metals inside it. It can cost you on average up to $2000 to replace a catalytic converter, and it is illegal to drive your car without one.

How much do criminals get for a catalytic converter?

Thieves, on average, can earn $200 per catalytic converter — about 1/10th of what it costs to replace a stolen one. And thefts happen quickly, usually taking only a minute or two.

How much will a junkyard pay for a catalytic converter?

This varies by car and the condition of your catalytic converter. Still, on average, scrap catalytic converters are worth between 300 $ to 1500 $ when sold as scrap at your local wrecking service. In today's world, catalytic converters are no longer being sold as part of a car.

Understanding the wave of catalytic converter thefts

Does insurance cover stolen catalytic converters?

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.

Which catalytic converters bring the highest scrap price?

Which Catalytic Converters Are The Most Expensive? 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.

Why are Toyota catalytic converters stolen?

Such thefts jumped due to the increasing value of the precious metals in catalytic converters, with thieves making up to $300 for a standard catalytic converter. A catalytic converter stolen from a hybrid vehicle can sell up to $1,400 because they use more of those precious metals.

How much is a catalytic converter worth on the black market?

According to The Pew Charitable Trusts, a global non-profit organization with a focus in public policy, criminals typically sell stolen catalytic converters for $50-$500 to internet buyers or scrapyards.

How much is a Toyota catalytic converter worth scrap?

Toyota catalytic converters' worth can range from $75 and $700 when sold as scrap.

How much is a stolen Prius catalytic converter worth?

Hybrids require catalytic converters with a higher concentration of precious metals than those found on gasoline-only cars. The HLDI notes that the converter from a 2007 Prius is selling for about $1,022 today, compared to just $143 for the converter used a Ford F-150 from the same year.

How can I get the most money out of my 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.

Is a car drivable 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 should I do if my catalytic converter is stolen?

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 do thieves steal catalytic converters?

How Do Thieves Take Them? 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.

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 car has the most catalytic converter?

Luxury vehicles

The Most Valuable Catalytic Converter Prize goes to the Ferrari F430, coming in at a whopping $3,770 each. The F430 has two converters, so they're a pretty big target for thieves. Lamborghinis also have incredibly pricey catalytic converters, averaging at about $3,000.

Why are Prius catalytic converters stolen more?

A spike in demand for precious metals used in making catalytic converters - emission control devices — has made Toyota Prius vehicles that are more than 10 years old unlikely targets of thieves. The frequency of theft claims for 2004-09 Prius models was more than 40 times higher in 2020 than in 2016.

Is a used catalytic converter worth any money?

Are your old catalytic converters worth money? Yes, they are! Indeed, they contain some precious metals that are rare and valuable. Thus, consider recycling them instead of throwing them away!

What is a 1997 Toyota Camry catalytic converter worth?

We currently carry 27 Catalytic Converter products to choose from for your 1997 Toyota Camry, and our inventory prices range from as little as $215.99 up to $1,672.99. On top of low prices, Advance Auto Parts offers 2 different trusted brands of Catalytic Converter products for the 1997 Toyota Camry.

How much are the metals in a catalytic converter worth?

Recyclers will pay between $50 and $250 for a catalytic converter, according to the NICB. The metals can be sold for even more if lifted from hybrid gas-electric cars like a Prius. "All the newer hybrid vehicles, they're going for scrap values of anywhere from $800 to $1,500," according to Mead.

How much is 5 grams of platinum?

Platinum 5 gram bar Melt Value

The melt value of one Platinum 5 gram bar bar is $148.52 based on the current platinum spot price.

How much gold is in a catalytic converter?

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