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.

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.

How much do thieves get for catalytic converters?

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 catalytic converters are worth the most scrapping?

What cars are most targeted for catalytic converter theft?

How Much Is A Catalytic Converter Worth? Scrap Recycling Guide

Why are Toyota catalytic converters stolen?

Currently, Prius is being targeted because catalytic converters of hybrids need more of the precious metals to work properly because they don't get as hot as those installed on conventional vehicles, since the combustion engines of hybrids only run part of the time.

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.

What do thieves do with stolen catalytic?

So why are catalytic converters a hot item for thieves? "These catalytic converters are stolen off of vehicles and they're taken to recycling locations where they're turned in for money," explained Raquel Zick, Santa Barbara County Sheriff's Office Public Information Officer.

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 catalytic converter?

One of the perks that should motivate you to recycle your catalytic converter is the lucrative return you can receive. Catalytic converters are full of precious metals that can be recycled, and metal recycling plants are willing to pay top dollar for your cat converter.

Are old catalytic converters worth?

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!

Where are all the stolen catalytic converters going?

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.

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.

How do you keep thieves from stealing your catalytic converter?

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 much is a Prius catalytic converter worth scrap?

Best Covid-19 Travel Insurance Plans. For example, the recent scrap price for a catalytic converter used in the 2004-09 second-generation Prius 1.5 was $1,022, according to AutoCatalystMarket.com.

How much is a catalytic converter worth 2021?

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 are Ford catalytic converters worth?

The average current price for used ford catalytic converters is $474 from the last 240 listings.

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.

How much gold is in a catalytic converter?

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