Every vehicle inevitably reaches a point in its life when it can no longer be operated safely or affordably. Further, driving an old car that is no longer roadworthy could result in a hefty fine and avoidable points.
We will show you how to get rid of your old car in just a few easy steps if you’re among the thousands of vehicle owners who have only owned one car for several years and may not know how to do it.
The question is, when should you scrap your car, sell it, or donate it? More specifically, what risks should be avoided when scrapping a car?
It’s not always easy to decide whether to get rid of your old car, so here are five things you should consider before doing so.
Here are the Dos:
Before you Sell your Old Car, Get a Car Valuation
Even if your car is completely deteriorated or broken down, you can still sell it for some amount of money. Do not let anyone tell you your car is worthless.
When people don’t want to sell their cars outright, they can sell them to junkyards for cheap cash. Since you don’t know the market value of your car, you take what the junkyard offers, no matter how little it is.
Cheap sharks are ready to rip you off when you enter their place, and there arewaiting to take advantage of you.
If you want to avoid this, then you should do a car valuation before getting involved in the cash-for-cars industry. Check out the components and parts of your car to get an idea of its value.
If you would like an estimate of the market value of your used vehicle, you can use Ezy Car Wreckers “get an online quote” tool.
Instant quotes for your vehicle are available within minutes, which can help you avoid the sickening tactics used by most dealers.
Before You Get Rid of Your Old Car, Make Sure You do your Research
You should always consider how you plan to dispose of your old car. Will you use Craiglist.org or eBay.com to sell your car? Can you find a reliable junkyard? Will you sell it on the internet or through a newspaper ad?
No matter what you decide, it’ll be worth it if it means you can get more value for your junk car. Don’t hesitate to walk out or do some online research before walking out.
If you plan to sell the vehicle online, be aware of the risks involved. Talk to local buyers and scrap dealers to see what they have to offer.
It is important to be aware of such scams before you start placing ads or meeting buyers. For instance, you might receive a check that is written to a bank account that does not have an adequate balance.
Ask your friends who have sold their old cars for advice and help if you’re selling to scrapyards. Look into car removal or pickup services.
Submit a Notice of Disposal and Cancel the Insurance and Registration
The insurance provider would need the sale date to allow you to cancel your policy. In most states, you are not allowed to cancel your policy too soon, so make sure you retain your insurance until you hand over the keys.
It is also possible to request a refund or transfer the insurance policy to another car by calling the auto insurance company. Obtain proof of destruction from a scrapyard and submit the notice of disposal to your local transport authority if you sold the vehicle to a scrapyard.
You may be held responsible for any parking and driving violations committed by the new owner if you don’t cancel your registration after selling a vehicle.
Don’t forget to notify the DVLA that an end-of-life vehicle is off the road if you’re taking parts from it before scrapping it.
A registered end-of-life vehicle must be kept off the road in a garage, driveway, or private property. It is not possible to use its registration number on another car.
Also, don’t scrap your car somewhere not an Approved Treatment Facility (ATF). Finally, if you have any months left on your car tax, try to get a refund.
What not to do:
When it Comes to Disposing of Your Old Car, Don’t Rush Things and take the First Offer You Receive
People tend to rush things when they decide to sell their old cars and buy new ones. They make the mistake of accepting the first offer they receive for their old vehicles.
Hasty sellers often make this mistake. By experimenting with different buyers and marketplaces, you will be able to compare all the deals and pick the best ones.
You can get a higher price for your old car if you hold onto it for a long time. Understandably, you want your dream car as soon as possible, but it won’t hurt you to wait.
Select the most profitable offer from all the offers you receive. As a seller, you have the right to do so.
Modifications and Repairs Shouldn’t Cost More; Be Honest with the Buyer
You should keep your car clean both inside and outside to have the best chance of finding an owner. Make your car shine by washing and waxing, detailing, and removing any stains to get the most money for your car.
To attract buyers, you should not spend a lot of money on repairing a dilapidated vehicle. A junkyard will take your old car no matter how old, decrepit, or ugly it looks, and give it to you at the best price possible regardless of its condition.
Consider getting rid of your old car before you spend some money on repairs. This could potentially increase your car’s value.
Buyers generally do not like flashy modifications on their vehicles, so it makes no sense to invest in expensive exhaust systems, stickers, or spoilers to make them look more attractive. These accessories might just turn out to be a deal breaker.