It can be hard to part with your car if you’ve been together on the road for a long time, but there may well come a point where it’s simply uneconomical to continue driving the vehicle.
If this sounds like a familiar story to you and you feel as though your car has started to become more of a hindrance than a help, it might be time to consider car scrappage… but how do you know if it’s going to be worth it from a financial perspective?
You can certainly make money if you do decide to scrap your old car, but the amount you receive will depend on a range of factors, including the size and weight of the car itself.
Larger, heavier cars usually have more metal and other materials that can be scrapped, so they’re worth more than smaller vehicles.
The age of the car, as well as its make and model, can also have an impact on how much you’ll get if you are considering scrappage.
And you also need to consider what the market for scrap metal is like when you are planning to scrap. Commodities like steel, copper and aluminium fluctuate in price all the time, so keeping an eye on the market and deciding when to scrap could also have an impact on any cash you take home.
Don’t be tempted to strip the car yourself and sell certain parts on elsewhere, as your car is likely to be worth more whole than if it has parts missing. If you’d like to scrap your car now or in the future, get in touch with us here at Car Buying Solutions to see how we can help.