AbleGuy
Officious Intermeddler
What do you do with 100 stolen converters? Rip the guts and sell it? To who?
Two of the three rare earth metals used in catalytic converters are worth more per ounce than gold!
The catalyst components of a converter usually are platinum (Pt), palladium (Pd), and rhodium (Rh). All of these platinum group metals are extremely rare and valuable.. The recoverable amount of rare materials from a converter can range from 1-2 grams for a small car to 12-15 grams for a big truck in the US.
Soooo...your big rig may be more susceptible! PLUS....it’s easier to crawl under your big rig to get to an steal the cat!
Anyway, the value in recoverable metals ranges from $25 to a few hundred dollars per vehicle. ...
So some cretin cuts off and steals your converter, get a few bucks for it, and it costs you many hundreds to get a replacement installed. Plus, once you’ve suffered the theft and remedied it, then the thieves know a new, more valuable unpolluted one is sitting there waiting for their return visit.
The frustratingly high cost to victims vs. the relatively low $$$ gain to thieves is like the deal where a car clout breaks your passenger window to steal something and only finds a pair of old sunglasses or some change in your console. The cost vs. loss just adds even more to a victim’s anger...
And typically, owners of older vehicles often cancel coverage for comprehensive damage, which would cover a theft, because those policies aren’t worth it...they can be too expensive compared to the value of their vehicles. Folks who do have comp coverage might feel compelled not to report a cat theft if the repair costs come close to their deductible (to avoid possible increases policy premiums).
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