It can be hard saying goodbye to an old car, but whether it’s failed its MOT, you’ve had an accident or it’s just time to get rid of the old banger, the first question on your mind will probably be how do I get the most value out of my car?
You may hear many people suggesting that the way to make the most money is to take your car to bits and sell each individual part. For some, this may earn slightly more than choosing to scrap your car with a dealer – but think carefully before you start ripping your car apart. There are many services which will come and collect your car, sometimes for free, who are willing to pay a good price for it.
It’s easy to underestimate how difficult it is to take a car apart. Unless you are a trained mechanic or a skilled enthusiast it is not recommended for you to try to do it yourself; you may end up damaging the only parts you can still sell, or even causing yourself an injury. The right tools and a safe space to work in are also essential.
Don’t forget that with a collection service, scrap merchants will issue you with a certificate of destruction so you won’t have to pay road tax or insurance. However, if you are working on the car yourself, you will either have to make a SORN (Statutory Off Road Notification) or keep paying tax and insurance while you try and shift all of the parts.
When it comes to selling individual parts of your vehicle, it can be a timely and, potentially, costly process. It’s also worth remembering that, for every part removed from your car, a scrap merchant will pay less money for what is left. In addition, many of the popular online marketplaces charge seller fees of up to 30%, significantly reducing the money you actually pocket.
When you have removed every part which you can sell from the car, you may find it difficult to get rid of what’s left. Scrap merchants are far less willing to collect a car which holds less value for them, and they will certainly pay a heavily reduced price for it. What’s more, although you may be able to get a fair price for them, you will struggle to find anyone who will collect your car without wheels; if you do, expect to pay a hefty collection charge.
Considering the hassle, expense and time involved in taking your car apart, the amount of extra money you can make is likely to be pretty minimal. Instead, it’s worth considering using a service like Scrap Car Network.
Unlike other sites, Scrap Car Network have a unique and advanced pricing system, enabling them to offer the best price for your car. The system takes factors such as scrap weight and car age into consideration, before finding a collection partner willing to pay the most for your car. What’s more, Scrap Car Network pass these prices on to you, so you can get the best price for your old car. All you have to do is give your registration number and a few details, accept a quote and agree a collection time, then a collection partner will pick your car up for free.
You may find that you can make a bit more cash taking your car apart yourself and selling parts – but with a great price and free collection at a time which suits you, it may make more sense to let Scrap Car network take care of it.