Sunday, April 10, 2011

Don't Just Scrap Your Scrap Car - Scrap It For Cash

By Kevin Wray

It is an unfortunate fact of life that nothing lasts for ever - everything has a lifespan, and eventually comes to an end. This is no different for cars and other road vehicles.

When the time finally comes and your car has reached the end of its life, you have a couple of options. You could have a scrap car company collect and dispose of your vehicle free of charge. Or you could contact a scrap car company who will pay you cash for your scrap car. i.e. your scrap car is removed and disposed of, and you gain financially.

So you may be wondering how it is possible for scrap car companies to both collect your car, tow it and dispose of it all for free?! You may have assumed that in fact you would have to pay them to remove the vehicle for you. So let me explain how it is possible for scrap car companies to pay you cash for your car.

Fairly recent European Union (EU) Legislation imposes rules on member states in respect to the environmentally friendly means of disposal for scrap vehicles. Prior to these rules, far too many cars and other vehicles were simply buried in landfill sites, polluting the earth and leaving a problem for future generations. New rules require the vast majority of the materials which the scrap vehicle consists of to be recycled or re-used. Both this legislation, and 3rd world appetite for recycled metal has lead to a booming scrap metal market with values often greater than 100 per ton. With the average vehicle weighing more than a ton, you can start to see how all this works.

So your scrap car that may have previously seemed like a burden, could in fact be easier to dispose of than you may have imagined, as well as resulting in a cash gain.

It is not only the scrap metal that has some value. Second hand car parts (fixtures and fittings) can often hold value as well, particularly with the expansion of e-commerce. Parts for less common makes and models of vehicles can hold particular value.

Think about it. If you need a door handle for a 1998 Ford, you need to find someone who stocks that particular item and you will likely pay a reasonable amount based on the fact that it is not an openly available product. Tyres and wheels can be sold for re-use if they are in good condition, or melted down as re-moulds if they are worn. Again, they have a potential value.

So in conclusion, if you have a scrap car you should not despair, all is not lost. You can gain cash in exchange for your scrap car, have it removed and disposed of from its current location, and also do your bit for the environment. A true win-win situation.

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