Top Factors That Determine Scrap Car Value

A junk car that is no more functioning and standing in the garage for years has some value which is called a scrap car value. Several factors determine the scrap car value and some most important of them are given below. Let's have a look!

The Model/ Make

The model or make of car is the first factor that determines the price of a junk car. It also defines the current market value of the car and its parts. Since junk cars are valued differently, depending on the problems that they happen to have, the worth of a scrap car ranges from 20 to 40 percent of the car's used value.

Vehicle Condition

The vehicle condition decides what a buyer will be able to do with it. Will they restore it or re-sell the car? Will they sell the spare auto parts? Or will they turn it into scrap metal and then sell it? If your junk car has problems that prevent it from running efficiently on the road, you can ask for more cash. However, the overall car condition plays a vital role in determining value. Scrap car buyers pay a good amount if the car condition is excellent.

Demand For Parts  

The demand for car parts also plays a huge role. If you have an old or broken down car that costs high for repair, its parts still have some value. The concept is as simple as; the higher the demand, the stronger the value. If other people having the same car need repairs, then its demand will be greater. Moreover, if your car model is unique and not easy to findable, then it will also have good value.

Location Of The Vehicle

Last but not least, your junk car location will help to determine the price. There are several location-specific factors to consider:

• The scrap metal price varies from region to region.
• The demand for specific vehicles in a particular area will determine the market rate of cars and their parts.
• The distance of the salvage yard determines whether the scrap car buyer will have to invest extra money in transporting the car.

Want To Sell Your Junk Car? Count On Scrap My Car

If you want to get rid of your old or unwanted car, then count on Scrap My Car. We offer free scrap car removal and cash for cars services with extensive industry experience. Getting rid of your vehicle is no more a big hassle now. You need to dial 0800995599 to get an estimated quote and schedule a date for pickup.

How To Avoid Possible Car Scrapping Scams?

Nothing lasts forever, and the same happens with vehicles. These are subject to wear-and-tear on all fronts. When a vehicle completes a certain time, you will notice it starts to cost more in repairs than it is worth. Not only the parts are not properly functioning, but it also becomes risky to drive on roads. This kind of vehicle is called ELV (End of Life Vehicle).

Scrapping is the best solution for people seeking to dispose of their cars, and it offers instant cash for car removal. In this article, we will discuss the things you need to consider before to scrap your car, and how to avoid scams. 

Scams With Their Solutions

No License To Scrap

Renowned scrap companies do what all other reliable companies do. Ask for their license to see their professionalism and transparency in the relevant industry. Always consider companies with official licenses to ensure the legitimacy of the business. This is the best way to ensure your car will not end up linked to any criminal activity.

No Receipt / Certificate

Make sure you ask, receive, and keep the certificate issued by the scraping company. As soon as you finalize the deal, request this document. This is proof that you are no longer the owner of the car. If a company is not issuing or delaying, you may look for other scraping companies around.

Not Canceling Your Vehicle Registration

You can cancel your vehicle registration at any time. Just visit the nearest service center and fill out the relevant forms. You are required to bring the following documents with you:

• Proof of identity
• Number plates
• Certification of registration for the vehicle
• Bank card / Account details

If a company offers to do this for you, you should cancel your vehicle registration yourself without thinking twice.

Final Thoughts

Cash for car advertisements are huge in demand these days, and they may be attractive to people seeking instant cash. If you want to scrap your old or broken down car, make sure you are dealing with a reliable company.

Scrap My Car has years of experience in the relevant industry and assisting people in and around Auckland. Getting rid of a vehicle that is no more in use is not a big hassle now. We have got you covered with the top-notch car removal Auckland services including, advanced equipment and professional staff.