A man wanted to buy a Ford Mustang at an estate sale. But there was no paperwork, so the owner wanted to sell it to the junkyard instead. In a TikTok, Eric Peloquin (@ericsvarietyshow) shares the complexity of being stuck in between an estate sale that involves a Ford Mustang. In a TikTok series, Peloquin reveals the difficulties of acquiring a 2003 Ford Mustang that is caught up in the mix of an estate sale. In the first video, Peloquin reveals that the Mustang is heading to the junkyard because it lacks a title and any paperwork. Without a clean transfer, the executor of the estate wanted nothing to do with figuring out how to deal with this situation. The simplest solution they came up with was selling the Mustang to a junkyard. Peloquin mentioned that the junkyard offered $400, but the estate was willing to sell the Mustang to him for $300. How Much Money Do You Get Selling A Car To A Junkyard? According to iScrap, scrapping a car at a junkyard can earn between $300 to $500. The price is based on the current value of scrap metal across the industry, which is driven by iron and steel trends. Some additional factors that affect the price are vehicle weight, part condition, and local yard rates. With heavier vehicles, more scrap metal can be yielded, offering a higher payout. Additionally, parts may be salvaged and sold for resale. Car parts like a battery or a catalytic converter can have extra value to flip. The price will also depend on the demand and resale potential. How To Get The Best Scrap Price For Your Car Getting the best price at the junkyard will be top of mind for anyone selling a car at one. There are two approaches to getting a good deal. The first approach is to sell the car completely to the junkyard. This means touching nothing or removing any car parts. Junkyards prefer having all the car parts included and will pay more to have key parts inside the vehicle. Plus, the added metal weight will favor you getting more money. Another approach is to part out key components. This includes the battery and catalytic converter. As this is a way to potentially earn more, your vehicle will be reclassified as "incomplete" when you sell it to the junkyard. What Happened With The Mustang? People had some suggestions on how Peloquin should approach the matter. "Give him $300 and take it to storage," one person said. "Turns out he's not legally allowed to sell it. I figured out who it is and I've spoken with them. They're willing to work with me," Peloquin replied. There was no technical owner of the car, and the only person who could claim the car is a cousin of the person who passed. Luckily for Peloquin, the cousin agreed to sell the car to him. "Here’s the update, I got a key," Peloquin says in a follow-up. Reached via direct message, Peloquin declined to comment on the matter. We want your opinion! What would you like to see on Motor1.com? Take our 3 minute survey. - The Motor1.com Team