As a car ages, its repair and service costs start to mount up and may end up exceeding its actual worth. If this sounds familiar, it is time to consider getting rid of it. The first thing that you need to do is go for car valuation services since you may not be able to price it correctly. A high price will not bring you many buyers and a low price will de-motivate you in addition to bringing to lower profit margin than possible.
Based on the current condition of your car, reputed car valuation service companies will tell you the current market value of your car. If the price quote seems good to you, you can proceed with selling your car to interested buyers. Many car valuation companies also buy used cars. You can sell your car to them if the price quoted by them seems acceptable to you.
However, if the current market price of your car feels low as compared to your expectations, you can contemplate scrapping your car. Since spare parts of cars from different brands and models are always in demand, there are chances of you making far more money in selling the parts separately instead of the vehicle itself.
Here are a few tips for scrapping your used car.
- Fill the DVLA in advance to make sure that you are not liable for any road tax after the car is scrapped. It is important to check the laws in your city before you start scrapping your car.
- Clean your car thoroughly and then start the process of extracting the spare parts in high demand. You can sell them as the replacement or spare parts to people owning vehicles similar to yours.
- Search for a scrapping dealer. If you have many of them in your area, ask them for the charges and choose the one offering you the best price. They must have a COD (Certificate of Destruction) to be qualified to scrap vehicles.
You can use this extra cash as the down payment for your new car if you are planning on buying a new one. Make sure to read about and follow the laws before you begin the process of scrapping your car.
For more top tips, motoring and consumer advice, please visit the We Buy Motors Blog again soon. For more information on how to sell your car or for an instant online car valuation online visit www.webuymotors.com.