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Types of Keys Cut For Cars The cost of a new car keys isn't cheap. From a locksmith to the dealership spare keys can cost hundreds of dollars, especially ones that have transponders or smart key fobs. However the process of cutting keys involves more than simply shaping a metal piece. To cut various kinds of keys, specific equipment and techniques are needed. Traditional Keys The key-cutting machines that are mechanical are used to cut traditional car keys. The edges of the key are designed to match pin patterns inside the lock, allowing the key to open the lock.