In all car’s lives there comes a point where it stops being useful. Often if your vehicle has become old and dilapidated it can be too run down to sell, so what do you do? Scrap it. This is the best way to remove your car easily whilst still earning a bit of cash. It shouldn’t cost you anything and the process isn’t as complicated as people often think. We’ve got a full rundown of everything you need to know when you’re considering scrapping your vehicle.
Preparing to scrap your vehicle
First of all, you need to find out the value of your vehicle as even cars that aren’t working can still be worth something. The scrap yard will make money on the metal from the bodywork of the vehicle, therefore, even if a run-down state you could get some cash from the scrap.
If you want to find out before your vehicle goes to the scrap yard, you can use online tools to get a rough valuation of the vehicle. Car.co.uk will tell you how much your vehicle is worth and help you to locate a scrap yard that will come and collect the vehicle, free of charge.
Before you scrap the vehicle, there are a few things you will need to prepare beforehand. You will need you V5C logbook to hand over to the scrap yard when they are taking the vehicle to be scrapped. You will need to fill out a section I the logbook to say that the car has been scrapped. You cannot legally have your vehicle scrapped without this as you will receive a Certificate of Destruction (CoD) in return as proof that the vehicle has been scrapped and you no longer own it.
However, if you have outstanding finance on the vehicle it will be a little more complicated to scrap. You will not be the sole owner of the vehicle and therefore, if you do want to scrap it, you will have to settle any outstanding debts you owe to the finance company first.
Where to scrap your vehicle
It has never been easier to scrap your vehicle. You can take it to your local scrap yard or check with an online buyer. Whichever you choose to do, make sure that it is an Authorised Treatment Facility (ATF), otherwise the transaction will be illegal. ATFs are the only places in the UK legally allowed to scrap vehicles. They guarantee to get rid of the vehicle in a way that is safest to the environment and will cause minimal damage.
Be aware, if a scrap yard tries to offer you cash for the vehicle then you MUST NOT accept it. This is illegal, if you scrap your vehicle in England or Wales It must be paid by bank transfer or cheque as this covers you and give proof that the transaction has occurred.
If you are not interested in receiving money for the vehicle then you may consider scrapping it for a charitable cause. There are organisations that will collect your vehicle and complete all of the necessary paperwork free of charge to save you the hassle. In return, the money you would have received for the vehicle will be sent to a charity of your choice. This could be the best option if you don’t want to deal with the workload, you aren’t concerned with earning money from the scrap and you want to help others.