Have you heard people say that when a car becomes old it is not worth anything anymore? Well, that’s a huge misconception because all cars are worth something, even being scrapped. So if you have got yourself a new car, sorted some cheap car insurance, you must be wondering what to do to make sure that you get as much money as possible for your car. Here are the top 5 steps to follow to get a good value for your car, regardless of age.
1. Do Your Research, Especially At The Start Of The Month
A lot of scrap car dealers often reduce their prices towards the end month so as to manage their workload effectively. Most dealers are usually almost or fully booked at the end of the month. As such, they might reduce their prices so they are less competitive.
They will end up attracting fewer customers. Therefore, you need to do your research at the start of the month. You will get a better quote for your car at this time when most of the car dealers are very competitive.
2. Leave The Car Intact
You might be tempted to remove some car parts and sell them separately. However, this will reduce the overall value of your car. Even worse, some dealers might not take the car at all. You will have a hard time disposing of the car, especially if you remove the wheels. If you take off a lot of things from your car, you will end up getting less money from selling it. Keep in mind that most car dealers determine the price of a car on the overall weight.
3. Choose A Reputable Car Scrap Company
Don’t scrap your car with the first company you find. You need to do your research and find a reputable dealer. Choose a scrap company that guarantees their prices. You don’t need to bargain for the price when they come to collect your car. Give out a detailed and accurate description of your car so you can get a good quote. Make sure the company guarantees the price on the quote.
4. Get A Tax Refund
Find out how to get a tax refund before you sell your car for scrap. You should do this before the end of the month since failure to do so will leave out the tax refund for the next month.
5. Avoid Companies With A Log Book Deal
Some car scrapping companies might offer to reduce their prices by some amount if you don’t have the logbook. You need to avoid such companies. Yes, it might make the process easier since the logbook is not actually required for scrapping your car. Yes, some companies might not pick your car if there is no logbook. Therefore, avoid any logbook deals that might be offered by the scrapping company.
If you are planning to sell your car for scrap, use these tips to guarantee the best prices.
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