A catalytic converter changes toxic gasses like carbon monoxide, hydrocarbons, nitrogen dioxide, and nitric oxide in a car exhaust gasses into less harmful ones like carbon dioxide and vapor through chemical reactions. The catalysts are made of precious metals like platinum, rhodium, and palladium. These metals have intrinsic value, meaning they are worth scrapping and recycling.
The converter is usually located near the exhaust outlet underneath the vehicle’s rear side which makes it accessible to thieves. The Ford V10 catalytic converter is large and heavy and thus not easily portable. It can go for approximately 150,000 miles making it more reliable and efficient than other catalytic converters.
How Does A Converter Work
A catalytic converter uses a chamber known as a catalyst to convert toxic gasses into less toxic, environmentally friendly pollutants. The chamber is connected to two pipes, an inlet, and an outlet. Toxic gasses from the engine come in through the inlet and are converted using a chemical reaction known as reduction and oxidation (Redox). The less toxic gasses are broken down, making them safer to be expelled out through the outlet. Catalytic converters are also used in other items such as; forklifts, electrical generators, mining equipment, locomotives, motorcycles, and ships.
What is the Price of a Ford V10 Catalytic Converter Scrap ?
The general price range is $500 to $3000. The prices are based on reviews from online sales.
Factors That Determine The Price Of A Ford V10 Catalytic Converter
Condition Of The Converter
A good-looking, well-maintained catalytic converter will fetch more when sold. No buyer would want to take chances with a part that doesn’t look okay for reuse, but for scrap, they can take it at a lower price. The better the condition, the better the resale value of the converter.
The law of demand and supply applies in all liberal economies. When the demand for the catalytic converter is high, the selling prices will be higher. On the other hand, if the demand is lower than the supply, the prices will go down. Due to market forces, the demand keeps on fluctuating.
Client Purchasing The Catalytic Converter
The type of client purchasing a converter determines its price. If the client has a high purchasing ability the selling price will be higher. A buyer can be an individual, middleman, local scrap yard, or recycling company. Recycling companies could offer the best prices.
The Year Of Manufacture
Catalytic converters’ specifications vary depending on the year they were manufactured. A buyer will be willing to spend more on a more recent converter than on older ones.
Price Of Precious Metals Used As Catalyst
The current price of precious metals used in the manufacture of catalytic converters like platinum, rhodium, and palladium determines the cost of the salvaged converter. Palladium is more expensive than the other two metals. That means if the amount of palladium is high in the scrap, it will fetch a higher price.
How To Minimize the Risk of Theft of Ford V10 Catalytic Converter
Due to the presence of precious metals in a catalytic converter, it is prone to theft. Here are some tips on how you can reduce the chances of losing your catalytic converter;
- Have your vehicle identification number (VIN) engraved on your catalytic converter. An etched VIN deters thieves because it is easy to track it if stolen. If a person’s identity doesn’t correspond with the VIN, a buyer will most likely not purchase such an item.
- Have the converter covered with a cage. This makes it harder for a thief to uncover and remove the converter.
- Consider welding the catalytic converter to the frame of the vehicle, which can make it harder to remove.
- A secure garage is the safest bet when it comes to the protection of your catalytic converter. Where there is no garage, park in safe, well-lit areas close to buildings.
- Increase surveillance in your parking area. Install motion-sensitive lights and a quality closed-circuit camera. You could also consider installing an antitheft device into your car.
- Paint the catalytic converter to discourage buyers. For one to sell a converter, it must be free from paints, and a thief would consider washing off paint to be cumbersome and hence deterring this vice.
- Acquiring converter catalytic straps can be very helpful in deterring experienced thieves. The straps provide a dense protective layer that would be hard to cut through.
- Install a catalytic converter alarm. There are a variety of catalytic converters available in the market. Once activated, the alarm goes off when the catalytic converter has been tampered with. On the flip side, experienced thieves know how to deactivate an alarm, and this would be counterproductive.
Components Of A Catalytic Converter
For us to understand why Ford V10 catalytic converter is lucrative to thieves, it is paramount to understand its components.
- Platinum. Platinum is rated as the best metal for a catalyst. It has a high sales value. It, therefore, fetches good money for a thief who gets to land on a catalytic converter.
- Palladium. This is a high-end precious metal used in high-end items. The price is thus higher and a better catch for thieves.
- Rhodium. Rhodium acts as a reduction agent in the chemical process of converting toxic gasses into less toxic pollutants. It is combined with palladium for more effectiveness.
- Ceramic or metal foil. This foil is used to make the honeycomb pattern under the precious metals. It has a low resale value.
- Magnetic stainless steel. This is the metal shield covering the precious metals and honeycomb. Its resale value is lower compared to the precious metals.
In conclusion, the price of the Ford V10 Catalytic Converter Scrap depends on the value of its precious metals, the condition of the converter, its demand, the buyer, and the year of manufacture. Therefore, the price keeps on fluctuating depending on the aforementioned variables.