It’s time to get rid of your vehicle, and you probably won’t get much for selling it, so how about you scrap it instead? A lot of the time people tend to shy away from scrapping a vehicle as they are afraid the process might be difficult, however, it couldn’t be simpler.
Scrapping your old, disused vehicle can be a good way to make some quick money, but what it’s worth knowing is how to get the best price for your car, and there are some thinks you should make note of to ensure you get a good deal.
What determines the price of a vehicle?
Firstly, before you go straight to a scrap yard and ask them for a price, it is handy to know how they valuate your vehicle and the factors that determine the price you are offered.
The weight of the vehicle: This is probably the most important factor in decided the price of the vehicle. When it comes down to it, the heavier the vehicle is, the more metal there will be to scrap, therefore the valuation will be higher. Bigger cars ramp up a higher price because there is more steel on the vehicle to be scrapped.
The distance from the dealer: Any reputable dealer will collect your vehicle for free, however, the further you are from the dealer the less money you’ll receive. That’s because it will cost the dealer more to collect the vehicle from a longer distance.
Have parts been removed? Some people might recommend removing expensive parts of the vehicle in-order to sell them separately, but this will only lower the scrapping price. Not only will your vehicle be lighter if you remove parts, but the dealer may possibly give you more with the parts intact so that they can go onto sell them, without the parts this isn’t possible.
The scrap market: Like with any market, the scrap metal market fluctuates and it is well known that things are constantly changing in terms of price. It’s all about supply and demand, therefore if there is a high demand for steel then you will get more money for your vehicle, but it also works the other way too.
What are the average prices of popular vehicles?
It is possible to find websites where you can receive an online valuation for your vehicle, but if you’re looking for an estimate, here are the average scrap prices of popular vehicles in the UK:
-Renault Scenic – £174
-Audi A3 – £143
-Volkswagen Golf – £172
-Ford Fiesta – £148
-Land Rover Discovery – £297
How to get the best deal
Be patient: As we said above, the market can change at any point dependent on whether there is a demand for recycled steel, therefore you need to ensure that you are selling your vehicle at the right time. If you find the price unusually low at one point, it might be a good idea to hold onto the vehicle and keep checking online valuation to wait for a price increase.
Choose a dealer nearby: If you choose a dealer further away from where they need to collect the vehicle, it is likely that they will knock something off the price because it costs them more to collect it. This is why it is essential that you choose a scrap yard as close as possible, that way they will be less likely to penalise you for this.
Be cautious: The car industry is notorious for dodgy dealings; therefore, you should be careful when you choose a dealer to scrap your vehicle to. You should choose and Authorised Treatment Facility (ATF) as these are the only government approved scrap yards. Any dealer that is not could potentially try and con you out of your money. This includes charging you for collection, charging you if you don’t have a logbook or trying to take the vehicle away without giving you a penny.