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 Market prices have soared on precious metals. Platinum, Rhodium, and Palladium are all contained in your Catalytic Converter. Making your Catalytic Converter a sought after item for thieves to take. For a professional it will take less than a minute for them to get down, get under, cut away your Catalytic Converter using a battery operated Sawzall® (reciprocating saw blade), and be gone. One minutes worth of work is not bad, when you get paid anywhere from $100.00 to $200.00 for each Catalytic Converter stolen. Many Scrap Yards will pay these prices because of the amount of money they receive for these precious metals. It’s a vicious cycle!
Market Price of these precious metals fluctuates but, on average:
- Platinum cost per ounce $1,500.00 to $2,000.00
- Palladium cost per ounce $600.00 to $800.00
- Rhodium cost per ounce $1,000.00 to $2,000.00
Vehicle this will happen to more often than not, are going to be vehicles that sit a little higher up, off the ground. Toyota SUVs, for example, are a common vehicle for Catalytic Converter theft, not only because of their ride height, but Toyota’s Catalytic Converter has more of these precious metals residing in it.
Apartment Buildings, Auto Dealer Car Lots, and Shopping Mall Car Lots offer a large selection of Catalytic Converters to choose from. Thieves know this and that is why you shouldn’t be surprised if your Catalytic Converter comes up missing. As vehicles get larger, so do their Catalytic Converters. Motor Homes (RVs), Urban Transportation (Buses), and Tractor Trailers (Semi-Trucks) have large Catalytic Converters, and a large price to go with them. With Catalytic Converter theft on the rise, you might want to take a precautionary measure and add the Catcall Catalytic Converter theft prevention device to your vehicle today!!!!
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