With all those years of patch-ups and fixes on your car, it comes a time that you’ve to painfully part with it. Otherwise, keeping it on the road could be more costly than its overall worth. At this point, sending it to the scrap yard is the only ‘arrow that remains in your quiver’. You only need a reputable scrap yard and the whole disposal experience will be smooth.
You need to note a few things as you go ahead scrapping your car.
How much can you expect from your scrapped car?
It is easy to assume that the three tons of scrap metal, mechanical components and plastics can fetch you some good amount of money at the scrap yard. Not necessarily so, the price of scrap keeps fluctuating in line with the three common metals; steel, aluminum, and copper. The three metals are used majorly in making cars and construction materials. Therefore, depending on the demand for these, the price for scrap will be affected consequentially. What you should know is that the number of vehicles manufactured on a daily basis continues to increase by the day. Therefore, do not expect to reap big, just be moderate and if according to your assessment, the amount you get meets your target, give it out.
Notice that tonne- weight is the greatest determinant of the prices and that is why a 4*4 would fetch considerably a high amount than an ordinary compact city car. A decent car could get you up to $350 with a car that has felt the weight of its age fetching even $0.
How do I get a reputable scrap dealer?
While there are genuine scrap my car Singapore companies that will rightly compensate you, there are also unscrupulous people in the industry who would want to take advantage of unsuspecting car owners. Thus, you must do enough research to get the reputable car dealers near you who are licensed by the government. These have gone through training on disposal of waste and have specialist equipment. These are approved scrap yards who are certified and the only ones allowed to register your car as off-the-road.
Watch out for exaggerated scrap valuation
Do not accept any value quotations that you are in doubt. If the scrap car dealer gives you a value equivalent to a new car, you should be in doubt. Ask other dealers and compare their values.
The scrap dealer should have all certificates as per the government regulations. Check for a certificate of destruction, which has all the details of the company you’re dealing with.
It’s your car; ensure you do enough shopping for the right scrap car dealer who will help you dispose of your car at a reasonable price.