Many people still don’t realise that scrapping your car can make you money. It’s a great solution if your car has been written off or the repairs outweigh the cost of the vehicle. You could then put the cash towards buying a new car or something else you want. To get the best price for scrap vehicles, you’ll need to use a reputable, licensed company with no hidden costs in their quote. But how much can you get for your car? Here are some of the factors involved which could affect the price offered.
Weight
The size and weight of your vehicle is going to be one of the biggest factors in how much you can get for it. Your vehicle is being scrapped, not salvaged and resold, so it’s essentially considered an item of scrap metal. Therefore, the higher the weight, the higher the cost, as there will be more scrap metal which can be used.
Valuable Parts
Many scrap vehicles are old and in poor condition, but other, newer cars, could be ready for scrap if they’re unfit to drive. In these cases, there may still be valuable parts in your vehicle, which can be stripped and resold before your car is scrapped. This could increase how much your scrap vehicle is worth. However, some companies will let you know they do not sell spare parts on, so you know your entire vehicle will be sent to an Authorised Treatment Facility. You may decide to investigate how much these parts could be worth before you scrap your car, but check this won’t affect the price offered.
Make & Model
Some people think the make and model of their car don’t make a difference when it’s scrapped – after all, it’s not going to be driven again. However, those vehicles which were worth more when they were bought could also fetch a higher price when scrapped. This is because the parts will be more valuable if belonging to a higher value vehicle.
Market Fluctuations
Some find that the price offered for their car one day may vary if they collect a quote on a different day. This is because the price given will be based on the daily price of scrap metal; a market which continually fluctuates. However, this is hard to predict and will take up too much time if you start to focus on this factor. It’s more important to find a company who can give you the best price on the day.
Find out How Much Your Scrap Car Is Worth
Here at Car Scrap Surrey, we provide reliable vehicle scrapping services to areas such as Croydon, Chaldon, Chipstead and Hooley. We pay up to £150 for scrap vans and cars within the M25 ring road. All you need to do to get a quote is to enter your registration into our quote request box. If you have any questions or would like to speak to one of our team as quickly as possible, just call 020 8406 4181.
More guides
- What is a V5 logbook, and why do I need one? – What is a v5 logbook? Why is it important during the vehicle scrapping process? Our scrap car experts in…
- Our guide to scrapping electric cars – Do you need to scrap your electric car in London or Surrey? Here is our guide from Car Scrap Surrey.
- What Do You Need To Scrap A Car? – Are you planning to scrap your car in London or Surrey? Car Scrap Surrey can help. Find out what you need to…
- How can I get the best price for my scrapped car? – Do not be duped by rogue traders who use all sorts of tricks to pass themselves off as reputable, often…
- Can You Keep Parts when Scrapping Your Vehicle? – Find out more about removing parts from a car you plan to scrap. Make money from car parts. Keep your…