Data
Type
Monolith A
Monolith B
Metal Price
Ceramic
Ceramic
Weight
Monolith A
Monolith B
Metal Price
348 gram
429 gram
Palladium
Monolith A
Monolith B
Metal Price
5480 PPM
1527 PPM
$62.5
Platinum
Monolith A
Monolith B
Metal Price
0 PPM
0 PPM
$30
Rhodium
Monolith A
Monolith B
Metal Price
457 PPM
470 PPM
$420
Note: Please consider that the PGM (Pt, Pd, Rh) content might change from one catalytic to another (with the same serial #) due to its condition affected by mileage, weather conditions, etc.
PRICE COMPARISON IN DIFFERENT APPS
Price
$311
$206
not found
$226
$231
not found
Do not be emotional when buying scrap
Let’s start with a phrase; “No bank went bankrupt because it refused to give a loan”. Projected to our field of business; “no broker / dealer went bankrupt because they refused to buy scrap”.
As dealers, our DNA (ego) is to complete the deal. It is a fight for the win. This feeling pushes us to overpay, and, once the deal is done, we may start to think; “I just want to break even, I have probably paid too much…”.
This situation reminds me of the book “What they don’t teach you at Harvard Business school”. In one of the chapters, the editor recommends standing in front of a mirror and practicing saying no, no, no…
So, winning a deal might be losing of money. Be reasonable and set limits. Don’t be afraid to say no!