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The Importance of the Cash for Clunkers Initiative

The Importance of the Cash for Clunkers Initiative

In 2009, the Cash for Clunkers initiative offered the perfect opportunity for car sellers to exchange their old cars for cash. This U.S. government-run program was specifically beneficial to those who couldn’t find buyers for their old cars. This was one juggernaut every developed country in the world was trying at the same time too. Although the program received much flack from the critics, it absolutely impacted the environment to some extent.

Background

To prevent a recession in France, the French President Nicolas Sarkozy started this program in 2008. This was the original program where consumers were offered more than $1,000 in exchange for their decade-old cars. Germany followed suit. However, the country ran into deep water when over 50,000 old cars were stolen and re-purposed into third world countries. Either way, the program encouraged new car sales in all the countries taking part in this initiative.

It also had a ripple effect on employment rates. Car manufacturer needs increased with the high demand for new cars because the environment was free of old cars that required more gas compared to the fuel-efficient new cars! In effect, the U.S. cash for clunkers initiative helped the economy by improving the auto industry sales. This initiative came at the right time – the time of severe financial crisis and it helped the country come out of it.

The Billion-Dollar Program

As soon as the program hit, the treasury ran dry within the week. So the program had to put in more funds to encourage more sellers to trade in their gas guzzlers for cash. For a $3,500 rebate, sellers had to buy new cars that offered 22 miles per gallon (mpg) mileage. The old cars, on an average, gave just 15.8 mpg which translates to more than 60 percent of fuel efficiency by the new cars.

Benefits 

For sellers or consumers who could never sell their used cars, this program was a much-needed opportunity. The harmful vehicles were off the streets. There was reduced carbon emissions in the environment and more fuel-efficient cars on the streets.  

The idea was to decrease the dependency on foreign oil. With over 250,000 old cars traded in, the annual average number of gallons consumed decreased to 56 million from a whopping 138 billion total gas consumption. When you look at it this way, there is a small change in the gas consumption which is promptly proportionate to the total carbon emission in the environment. Less pollution is in the environment.

Challenges

Although the program, in an economical way, removes old dingy gas guzzlers off the road and sends it to scrap, this activity has garnered much criticism. The critics point to the fact that many vintage cars are now destroyed because of this initiative. Consumers may be forced into buying new cars which they may not afford. There is the question of car insurance policies to consider as well.

Critics also explain that converting the cars into heaps of scrap metal takes up energy. So, all this makes it more expensive for the used car buyers as the cost of used cars go considerably higher with fewer models of the same vehicle on the road. Also, consumers without access to new credit for buying new vehicles are negatively affected by this initiative.

Solution

The new cash for clunker program should help consumers exchange their old, battered cars for safer, more fuel-efficient cars. The new initiative can be a problem for lower income buyers if this isn’t considered. If this program makes it expensive for used car owners, then the idea makes sense.

More consumers will be encouraged to embrace environmentally-friendly ideas such as carpooling or using public transportation instead. Making these choices and changes is unquestionably better for the environment. These changes translate to reduced traffic on the roads. It also helps more controlled pollution in the environment.

If you have an old car and would like more information about the cash for clunkers program, contact us. One of our scrap metal recycling centers in South Florida is ready to help.

Why You Should Recycle Scrap Metals in South Florida

Why You Should Recycle Scrap Metals in South Florida

So, why recycle scrap metal? Collecting scrap metal and bringing it to the scrap yard greatly helps in saving the environment through reduction of greenhouse gas emissions. It protects biodiversity and much more. But the good effects of metal recycling do not just end there. The following are some of the reasons why you must always choose to recycle scrap metal:

  • More jobs are created because of it.
  • You are helping save energy consumption so you also help decrease energy bills.
  • You earn every time you bring your collection of scrap metals to Capital Scrap Metal.
  • Knowing that you are helping preserve Mother Nature and all its inhabitants is a small and simple reason to bring scrap metal for proper recycling. It truly gives a sense of fulfillment and joy.

Why Sell Your Junk Metal In Scrap Yard West Palm?

There are many ways to recycle waste materials such as plastic and paper. You can actually search the internet for these ways, and you can do them at home. However, junk items such as broken appliances and vehicles can be difficult to recycle. When it comes to this, you should sell them to a reputable scrap yard in West Palm.

The following are just among the many reasons why you should sell these scrap metals:

  • You help save the environment. Using metal from virgin ore uses more energy and emits harmful greenhouse gas. We all know how the greenhouse gas emissions greatly affect climate change, as well as adding to air pollution that that jeopardizes health.
  • You help generate jobs. By selling your junk metal to the scrap yard, they need more people to recycle them. This helps boost the economy.

If you are in West Palm, and you are looking for a reputable scrap yard and processor, come to Capital Metal Scrap LLC. We guarantee the best prices everyday! If it is metal, we buy it!

What Scrap Metal can You Sell?

Scrap metal buyers accept almost all types of metal. However, it is important to know what specific metals they buy and don’t buy so you won’t go home with them unsold. Basically, these scrap metal buyers accept junk metal that can be reused or recycled such as stainless steel, high-temperature alloys, lead, brass, copper, steel, electronic scrap, and even your old air conditioning units and cars.

On the other hand, they won’t buy scraps like radioactive materials, aerosol cans, monitors and TV sets, anything made from plastic, glass, wood, or porcelain. They won’t buy tires, either. If you are unsure about the item you are selling, call the buyer first and inquire about the material you have before you carry them all the way to their facility.

Capital Scrap Metal, LLC accepts almost every kind of scrap metal. We have the facility and the equipment to reuse and recycle this metal so they won’t end up harming the environment. Drop by our facility today or call us for inquiries.

What is the difference between non-ferrous and ferrous metal?

During the recycling process, at some point metals are separated between ferrous and non-ferrous metals. The main point of differentiation is one material has iron elements and the other does not. By distinguishing between the two, the company knows how each type of metal will be reused.

  • Ferrous – this has iron elements in the metal. This contributes to their high tensile strength and durability. With this, the scrap metals are recycled and redistributed to the industrial part like housing, buildings, and such.
  • Non-ferrous – do not have iron elements in the metal. This contributes to their malleable properties and makes them lighter. They are recycled and reused for aircraft and canning industries. These metals also have lower risk of rusting and corroding than ferrous items.

Scrap Metals: How to Sell Them

Collect all scrap metal you find at home, in your workplace, and even on the roadside. Make sure you are scavenging metal that most scrap yards buy. When you are ready, the next thing to do is to find the best scrap metal buyer in your area. However, there are many of them these days, and choosing which one should you sell your items can be a difficult task.

Start off by comparing their prices. Choose the ones that offer the highest price. Narrow down your list by checking the background of each potential scrap metal buyer. Check their licenses, facilities, services offered, including customer feedback and satisfaction rating. The company must have pick-up and drop-off services, a fleet of vehicles, experienced staff, and clean and safe facility.

Check out Capital Scrap Metal, LLC today. We are one of the most trusted scrap metal seller and buyer in Palm Beach. We guarantee the best prices paid every day! Get in touch with us today!

Scrap Metals: Find Them at Home

There are a lot of junks you can find in your house or in your workplace that you thought about throwing away, but they are actually very valuable when you know how to use them. Scrap metal is in demand, both locally and internationally. Today is the best day to collect your items containing metals and sell them to reputable scrap metal buyers or take them to the scrap yard. So how do you find scrap metals?

Broken appliances, old cars, and old metal plumbing fixtures are the best sources of scrap metal. For example, your toaster’s case is made of stainless steel, and it can be sold. Also, your old plumbing fixtures are also made of metal. Your old desktop computer has some metal components inside. You may take them out and sell them altogether. You might even get more money than selling them at a garage sale.

Collect all of these valuable articles and get money from them. Capital Scrap Metal LLC guarantees the best prices for every piece of scrap metal you sell, every day! Request a pick-up service today!

How to Recycle Scrap Electronics

As the world progresses further, developments and technology never cease to advance. Today, everybody uses electronic gadgets. Cellphones, laptops, tablet, televisions. If you ask one person today, especially the young, if they can live without these electronics, a lot of them will answer ‘no.’ After all, everything now revolves around technology.

This results is creation of electronic waste, or E-waste. This is the by-product of using technology. Old or outdated phones or gadgets that are no longer useful are being disposed haphazardly. There are some ways to make these useful again:

  • Give them to others who need them – you can re-gift, donate, or re-sell your old gadgets to other people especially if they are still in good working condition. This can make someone else happy and you reduce the garbage sent to landfill sites.
  • Sell some of the parts – if a gadget is not working as a whole, but some parts are still functional, go to a retailer or someone who has in-depth knowledge of such things and ask them to take out the working part and sell it.
  • Give them to a recycling plant that specifically recycles gadgets – this way, you can make sure that your old electronics have a new purpose.

Make sure that you do the necessary prep-work before doing any of the above. Most importantly, be sure that all of your important and personal data has been erased or removed to avoid any unnecessary complications in the future.

Summary of the Advantages to Recycling

Bringing scrap metal to the scrap yard does not just help preserve the environment and conserve natural resources. The following are more advantages of taking time to collect scrap metals and bringing them to the junk yard for processing:

  • You are helping conserve energy bills. The process of purifying, shaping, and transporting new metals eats a lot of energy. Large scale metal recycling helps conserve energy and reduce cost of energy.
  • You help create more jobs. Yes, you are helping boost the economy by creating jobs because more people are needed to perform the process of scrap metal recycling.
  • You are earning. The Capital Scrap Metal LLC gives the highest prices paid for every kind of metal. So each time you bring your scrap metals to them, you will surely earn big.

Benefits of Scrap Metal Recycling

Benefits of Scrap Metal Recycling in South Florida

Just like recycling plastic and other non-biodegradable materials, recycling of scrap metal helps save the environment. Every day, we toss cans and small items containing metals into our trash bins without knowing that they could potentially harm us and the environment. Even big companies recycle metals not only to for the benefit of the environment, but also to save from their production costs.

The National Institute of Health says that using scrap metals instead of virgin ore only uses 40% less water and 97% less mining wastes. Additionally, it cuts a 300 to 500 million tons of greenhouse gas emissions as reported by the Institute of Scrap Metal Recycling Industries. This simply means less air pollution and less risks for people to have respiratory problems. Moreover, recycling creates more jobs for people who are in need than throwing them in the landfills or incinerators. Recycling actually helps boost the economy.

If you want to help save the environment while earning, sell your scrap metals to the best buyer in town, Capital Scrap Metal LLC. Give us a call today to learn more about our services.

Metals need to be properly disposed. With this, it is essential that you must get in contact with scrap metal buyers Broward. The following are the best benefits you will get from selling metals coming from your appliances and other materials:

  • Preservation of the environment. You will help preserve the environment through significantly reducing the emission of greenhouse gases.
  • Conservation of energy. There will be much less energy expenditure in recycling metals than manufacturing from raw materials.
  • Conservation of ore. You will also help in conserving ore metals since there is very limited supply of ore.
  • Increasing jobs. By regularly sending all metal scraps to Capital Scrap Metal LLC for proper recycling, you are actually creating more jobs than you think.