Why Do People Buy Catalytic Converters. But rising prices for some metals has led to a jump in them being stolen, and some unique theft prevention methods. The “why” to this fable is because there are certain metals inside of.
Why thieves are coveting your catalytic converter, particularly now one hint: The “why” to this fable is because there are certain metals inside of. People stealing catalytic converters do so because they are very valuable components in every car, especially the expensive ones.
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But rising prices for some metals has led to a jump in them being stolen, and some unique theft prevention methods. Thieves can take off the catalytic converter with a single tug, as the catalytic converters are lined with rare and essential minerals. They consist of platinum, rhodium, and palladium, all of which are precious metals. This is why scrap yards and catalytic converter buyers exist, to buy these from you (at hopefully a fair market rate) and be able to then pair these together with other cats that they have and ship them to downstream vendors and processors.