Local junkyards and private buyers typically pay the highest amounts for junk vehicles. Private buyers often pay more because they're buying for parts or personal repair projects, while scrapyards can pay higher prices because they save on dismantling and compacting services.

Who is paying the most for used cars? After comparing multiple car buying websites, our team found CarMax pays top dollar for used vehicles. We received valuations from CarMax that were above the KBB trade value for each vehicle.

There is a $1.00 fee to junk a vehicle. If the title and/or plate have been lost, and the owner still has possession of the vehicle, Form TC 96-167 must be signed and notarized by the owner. A receipt from the junk yard and the completed Form TC 96-351.

If you are going to “junk” your vehicle and give your title to the junkyard, be sure to make a copy of the front and back of your title and obtain a “junk” receipt and fax it all to (502) 574-5036 with the Motor Vehicle Affidavit.