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Car Features

Should I Scrap Or Sell My Old Car?

24 Oct , 2017  

Buying a car is fun, and the process can be rather simple these days. You can either pay outright or get your car on finance, paying off small chunks each month.

However, when the time comes where you have to say goodbye to your trusty Mazda, the choices become somewhat fuzzier.

When you do decide to get rid of your old car, the choices largely depend on the price you can get from them.

You could sell to a dealer or merchant, scrap the car and have the metal recycled into something new, or even just give the car away to a friend, family member or someone else.

But what’s the best way to dispose of your old vehicle?

 

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Selling

If you find a car dealer online such as AutoTrader, you’ll be able to enter your registration, mileage, and then you will receive a suggested selling price for the vehicle you own. You could decide to advertise your vehicle with the site and use their suggested price as a guideline, but advertising will cost you, so make sure it’s worth it.

 

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If you don’t want to pay for advertising, then you could always use a second-hand site such as Gumtree, or even use Facebook Marketplace. The only problem with selling your car through here is that people can’t trust the state of the car and whether it would even pass its MOT.

Of course, there is the option of trading your car when you purchase a new one, but this can be pretty bad value for money compared to selling it on yourself.

 

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Scrapping

If you don’t know where there is a scrapyard near you, which most of us don’t, then a simple Google search will provide you with services that promise to scrap your car for a reasonable price in your area.

Of course, with scrap dealers you need to be a little more scrutinising with their intentions once you’ve given them your vehicle.

The last thing you want is to be getting a phone call from the police asking why your car is gallivanting around Spain with no insurance.

 

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Companies such as scrap car network are a great choice when it comes to scrapping your car. Scrap Car Network in particular is a great choice because it will not only allow you to enter your registration and postcode for an instant quote, but all proceeds from scrapping the vehicles goes to funding charity.

The charity in question is Recycling Lives, which aims to help homeless people and ex members of the armed forces get back on their feet after falling on hard times.

If you were to scrap your car with this company, you’d be assured that the money is going somewhere useful.

 

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When you do decide to scrap your car rather than sell it on, you want to make sure that the people you scrap it with are registered- you can check this with the DVLA to make sure that nothing illegal will be done with your vehicle once it’s handed over.

You need to let the DVLA know when you plan on scrapping your car because there are several things you will need to do to relinquish your responsibility for the vehicle:

  •         Dig out your ownership document and send the relevant part off, this will be the confirmation that you no longer own the vehicle and have sent it for scrap
  •         When you sell, make sure you have your Identification and Driver’s Licence on hand for the scrap merchant to confirm your identity and the legitimacy of the sale
  •         Claim back any road tax which you are no longer in need of, and also your insurance. You don’t want to be paying out for something you no longer own

 

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Giving it away

Car Take Back is one of the popular choices to use if you want to give your car away and have the money go to charity. Many people go down this route each year, some even going through charities such as Oxfam to get rid of the vehicle.

Another option if your car is still in working order is to give your car away to a young family member or friend who is just starting out driving. It will be a lovely gift and will save them from forking out for a car in their first year of driving.

 

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Finally, you could give your car to someone who likes to use the parts to do up vintage models. You’ll know that the working parts of your car are being put to good use, and may even bring a new lease of life to your worn out car.

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