Car scrapping is necessary as a vehicle ages. There comes a time when the cost of repair outweighs the value of the car. However, it’s important to know how to optimise the profits when looking at scrap value. Just because a vehicle is broken or old, doesn’t mean it doesn’t contain valuable metals that can be recycled.
To help you make the most out of your car scrapping, we’ve put together this how-to guide on what to do, so you can profit from a vehicle that’s no longer useful
Cost: £0 – In fact, we’ll pay you!
Due to the fluctuating LBMA Precious Metal Prices, the first thing you should do when considering car scrapping is check the market value of materials such as steel, copper, aluminium and zinc. If the price is low, consider waiting until it rises again to ensure the best price possible for all the components in your old car.
The key to the best fixed price is shopping around. Different recycling organisations will offer varying prices, so you should be sure to obtain a quote from a few to guarantee the best price. Additionally, we recommend asking if the quote is fixed, so you’re not sold short on the day due to variable market prices.
It’s not uncommon for people to remove valuable parts such as the catalytic converter in order to profit even more from car scrapping. However, it’s important to note that part of your fixed price quote is the assumed components within your vehicle. By removing them, you’re misleading the scrapper and this could result in less money for your vehicle.
In this day and age, fuel is expensive. That’s why it’s vital you check the recycling company you opt for provides car collection. After all, it will cut into your car scrapping profits if you have to fuel up and drive the vehicle to the yard.
Lastly, we advise you not to wait too long to scrap your car. It’s recommended to shop around and compare market prices, but as time goes on a vehicle can degrade, meaning the profit you made from optimising market value and businesses will be lost in worn-out and old parts.
We’re a family-run business that has operated for over 20 years. We care about a high-quality service and even offer fixed-price online quotes for all scrapping requirements. We’ll collect your vehicle free of charge as part of our service, so there’s no inconvenience. Get in touch today for more information.