What makes catalytic converters so expensive

It all comes down to one acronym; PGM’s (Platinum Group Metals). Platinum is expensive, and if you have ever bought a piece of jewelry, you would know that by now- but it is also expensive when you have platinum inside of catalytic converters. The PGM’s also include Rhodium and Palladium, and these two metals, couples with platinum, make catalytic

A new catalytic converter can cost $1,000 or more, making it among the most expensive individual parts on any car. They are costly because they use expensive metals such as palladium to promote the chemical reactions that cleanse the exhaust.

Why Are Catalytic Converters Worth So Much Money?

The catalytic converter is put through several tests during the engineering process to make sure it is efficient and functions as necessary. All of these steps take time and money. The consequence is a higher cost of the final catalytic converter. Theft Cases. Another factor that makes catalytic converters so expensive is the increase in theft cases.

The three metals used in catalytic converters are palladium, rhodium, and platinum, which are expensive metals where each ounce costs: Palladium – $2,322 Platinum – $1,005 Rhodium – around $18,500 They are used in cars to emit toxic gasses such as carbon monoxide and nitrous oxide into nontoxic ones.

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Which catalytic converters are worth the most?

Thieves go after catalytic converters because metals like rhodium, palladium and platinum found inside the parts on certain vehicles are worth quite a bit of money … Collings said. The most common targets of theft are late-model trucks and SUVs, because …

Why are catalytic converter prices so high?

Your catalytic converter is expensive because it needs rhodium to reduce smog levels. Rhodium, at its current value, is extremely expensive which makes using it in a catalytic converter expensive. To make up for their cost, manufacturers have to increase the price of the catalytic converter.

What vehicles have the most valuable catalytic converters?

Which 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 much can I sell a catalytic converter for?

Which catalytic converters are worth the most for scrap? An OEM replacement catalytic converter can cost between $700 and $1,300 depending on the make and model of the car. Converters are typically more expensive when the engine is larger because the loadings of precious metals inside filter out the toxic exhaust coming from the inner workings of the vehicle.

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GOLD Under Your Car – Why Are Catalytic Converters So Expensive? Video Answer

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