Quick Answer: Why Do People Steal Catalytic Converters?

How much gold is in a catalytic converter?

Catalytic converters contain Platinum, Rhodium and Palladium.

However, there is no gold in catalytic converters.

Content will vary significantly depending on the vehicle model, but on average the ceramic weight is approximately just less than 1 kg, and the precious metal content is between 0,2% and 0,5%..

How much is the platinum in a catalytic converter worth?

The Shorter Answer… Depending on the age and type of vehicle, the PGMs in a catalytic converter can be worth anywhere from $200 to a rare $1,000 or more. The newer and/or smaller cars being closer to $200. The larger, older vehicles could have catalytic converters worth $600 and up.

How much palladium is in a catalytic converter?

There are about two grams of harvestable palladium in a Toyota Prius converter, which can fetch up to around $450 at scrapyards, according to an autos scrap specialist at European Metal Recycling, a U.K. company. It is relatively straightforward to steal a catalytic converter.

What do you do with old catalytic converters?

In most cases, the easiest way to recycle a catalytic converter is to take your entire car to an automotive recycler. Scrap metal dealers or car scrap yards are the most likely candidates to take your old car off your hands.

What are stolen catalytic converters used for?

Precious metals such as platinum, palladium, rhodium or gold are used as the catalyst. Depending on which metal was used, thieves can sell the converters to metal recyclers for $20-$200. The recyclers then extract the metal and resell it for as much as $6,000 an ounce, as in the case of rhodium.

How can I prevent my catalytic converter from being stolen?

Top 10: Ways to prevent catalytic converter theftPark vehicles so as to prevent access underneath. In order to steal the parts, thieves need to slide under the vehicle and use cutting tools to detach the box from the pipes around it. … Mark catalytic converters with a serial number. … Ask a garage to weld the bolts. … Catloc. … Install security camera(s)

How do you get platinum out of a catalytic converter?

To remove the platinum coating on the catalyst pieces, the catalyst pieces must be removed from the converter. This is done simply by turning up the catalytic converter lengthwise and pounding on one end with a blunt instrument until the catalyst pieces start to fall out of the lower, open end of the converter.

What is in a catalytic converter that is so valuable?

Why Your Catalytic Converter is Valuable Amazingly, the top three most expensive precious metals found within a catalytic converter include rhodium, palladium, and platinum! … Answer: They’re extremely rare precious metals. Not only that, but they’re also commonly used in everyday products like: Jewelry.

Does insurance cover stolen catalytic converters?

Because the catalytic converter is part of the vehicle that’s permanently installed, its theft will be covered under the vehicle’s comprehensive coverage. … This means that vehicles with a liability-only policy cannot be covered for any type of theft or vandalism.

What are the most expensive catalytic converters?

What cars have the most expensive catalytic converters?Nissan Altima 2.5L Direct-Fit.MagnaFlow 51356 Universal Catalytic Converter.EvanFischer REPG960301 Silver Powder-Coated Catalytic Converter.Flowmaster 2230130 223 Series.Walker 15634 Catalytic Converter.AutoSaver Universal Catalytic Converter.MagnaFlow 27402 Direct Fit Catalytic Converter.

How long does it take to steal catalytic converter?

They can sell them to scrap yards for up $200, says Edmunds. But, how are catalytic converters removed? Thieves typically use a saw or wrench to remove it, depending on whether the catalytic converter is bolted or welded in, says Edmunds — and removal can take as little as one minute.

Which cars are most likely to have catalytic converter stolen?

Toyota and Honda cars most likely to be hit by catalytic converter thieves.

How much platinum can you get out of a catalytic converter?

On average, there are between 3-7 grams of platinum in a standard catalytic converter, but the amount varies based on manufacturer and model. So you can see how our minimum acceptable lot size of 500 catalytic converters or 1000 pounds of loose catalyst can add up to reclaimed profits for you.

How much is a BMW catalytic converter worth?

I would say you have anywhere from $250-$300 worth of converters. I will also by them if you want to ship them. Thx! Most buyers will grade the BMW cat as exotic, or possibly extra large foreign if they don’t have an exotic category.

Why are Toyota catalytic converters stolen?

Behind the theft epidemic is the soaring value of the metals used in catalytic converters, rhodium and palladium, with gangs stripping the parts and selling them overseas. … Older hybrids are targeted as they contain more of the precious metal than newer models.

What cars are hardest to steal?

Here’s a list of 20 cars that no sane car thief would want to target.15 Impossible To Steal: 2017 Nissan Leaf.16 Impossible To Steal: 2020 BMW X3. … 17 Impossible To Steal: 2019 Land Rover Discovery. … 18 Impossible To Steal: Tesla Model X. … 19 Impossible To Steal: Jaguar XF. … 20 Impossible To Steal: Tesla Model S. … More items…•

What cars have their catalytic converters stolen?

All petrol and diesel cars have catalytic converters, but thieves target older model hybrids, for example my 2012 Prius and others such as the Honda Jazz, because they are easier to access and contain larger amounts of the metals.

How do I know if my catalytic converter was stolen?

Here are 5 signs that your catalytic converter may be compromised:Your vehicle does not accelerate when you apply the gas.Your vehicle doesn’t start.Your fuel efficiency suddenly drops.Your Check Engine Light comes on.Your vehicle fails its state emissions test.