27 November, 2019

Everything you need to know about scrap car prices

How do I know how much my car is worth?

Unfortunately, there is no straight answer for this as it will depend on each individual car.

One of the best ways to find out how much your vehicle is worth is to do your research. This means contacting several local dealers and getting a valuation from them. By doing so, you will get an idea of an average price for your vehicle, and know if any dealers are trying to haggle you down to a lower price.

Once you have spoken to several dealers, you can then work with them to get a price you want. If you know the maximum amount your vehicle is worth, you can barter the dealers against each other and hopefully get a good deal.

What influences scrap car prices?

There is no one thing that determines the price of a scrap vehicle, there are several factors that need to be considered:

Weight of the vehicle: The most important factor to take into account is the weight and size of the vehicle. As a general rule of thumb, the heavier the vehicle, the more money you will get when it is scrapped. This is because a larger vehicle will have more steel to be scrapped and will therefore have a higher value.

Missing parts: Following from the weight of the vehicle, if it has parts missing then the vehicle will be lighter and therefore be valued lower when it comes to be scrapped. Also, if the vehicle is missing parts or they are damaged, these parts could have been removed and sold by the dealer separately, making the vehicle more valuable. If they aren’t there or are too damaged to use then you could lose money.

Market fluctuation: The price you get for scrapping your vehicle depends on the price of scrap metal at the time. The market dips and increasing depending on how much scrap metal there is around. It could be worth speaking to someone in the know and holding on until there isn’t as much metal around, then your vehicle might be worth more.

Common scrap car prices

Although you cannot get a definite price for scrapping your vehicle until you do a full valuation or meet a dealer, here are some common prices for cars that have been scrapped:

 Where can I scrap my car?

Across the UK there are several scrap yards that will collect and scrap your vehicle. The most important factor to consider is that you take it to an Authorised Treatment Facility (ATF). These are the only government-approved companies that are legally allowed to scrap your vehicle.

If you use Car.co.uk, all of their scrap yards are government-approved, so it eliminates the worry of using a legitimate service. Along with this, when you choose then, you are increasing their social value.

Car.co.uk are increasingly working with organisations that help people in need such as those in poverty and the homeless. As their company grows, they are spending more money and take more time to help these organisations improve the lives of others.

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