Need to know about the scrapping a car

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Has your car reached the point where its repair may cost you more than its purchase price? Do you think that you would do better with buying a new car than with restoring this old piece of junk? The next logical option will be to send it to the scrapping a car scrapyard and get some cash for it.

But the problem is, how do you make the most money out of it? And how do you know when is the right time to scrap your car? This article answers all these questions:

When to consider scrapping your car?

Not sure whether your car should be scrapped or not? Here’s how you can decide:

  • Is it costing you more than its potential resale value?

If that’s the case, consider scrapping it. In the repair and maintenance costs, like replacing car doors, panels or engine are higher than you expected, sending it to the scrapyard might be the obvious option.

  • Are you looking for car replacement options?

If you are looking to replace your car with a used vehicle after scraping, ensure that you evaluate it in detail. You don’t want to switch one faulty vehicle with another.

  • What is the condition of your car’s body?

If rust is making your car look old and worn out, it’s time to scrape it. Granted that it won’t affect the way your car works, but it does indicate that rust may be hiding in other places too, such as brake line or fuel. The worst thing about rust is that it will slowly destroy your car and you won’t find out about it until it’s too late. So if you see a sign, take the warning.

  • Is it safe to drive?

Apart from the physical aspects of your vehicle, its safety matters too. If your car doesn’t have working airbags, seatbelts, brake pads or sufficient tread on your tires, then it’s definitely not safe to drive. The next best thing would be to scrape it. Just because it moves, doesn’t mean you have to drive it. You can acquire the maximum use out of it through scrapping.

Notify the DVLA

To scrape your car, you need to notify the DVLA directly. Here’s how you can do that:

  • Find the 11-digit figure from the VSC/3. This number is present in the car’s log book at the very top in the yellow section.
  • With the help of the scrap yard, fill in all the required details in the logbook.
  • Send the logbook to the DVLA.

Consider the legal requirements

Scrapping a car requires you to meet specific legal requirements to avoid trouble. First and foremost, find an Authorized Treatment Facility for car scraping. When considering a business, ask for ATF license. These licenses are issued by the Environmental Agency, and they ensure legal standing of the company.

Once an ATF-certified scrapping company agrees to take in your car, they will issue a Certificate of Destruction (CoD). Usually, this certification takes about a week or so if the car is a light van or a regular one. The CoD acts as a proof that the possession of the car has now shifted from you to the company. You will be required to submit a few documents to the company in order to make the sale. These include:

  • Photo ID
  • Proof of your current residential address

However, keep in mind that you won’t get cash for the car you’ve sent for scrapping. Under the Scrap Metal Dealer’s Act, cash payment for scrapped vehicles is considered illegal.

Do you have an insurance write-off?

If your insurance company is the one who is writing off the car instead of you, you will have to fill in the ‘Notification sale or transfer’ section present in the registration certificate before dispatching it to the DVLA. Make sure to keep the rest of the certificate with you; your insurance company might ask you for it sometime in the future for verification.

What if you have a personalized registration plate?

In this case, you’ll have to fill in the form V317 as soon as possible. Delay in the form completion and submission can result in you losing the right to your personalized registration.

If your insurance firm is the one scrapping the car, make sure that they don’t transfer it to the scrapping company until the transference of the registration plate has taken place. Once the process is complete, ask your insurance provider to issue a letter confirming the transference of the number plate’s ownership. Or the letter could also provide proof of retaining the number. Also, get a copy of the engineer’s report as well. It will give you complete details of the vehicle.

You can keep some car parts

Do you want to keep a few stripped car parts for yourself, such as the ones you’ve upgraded? While it is possible, you will have to create a Statutory Off Road Notification (SORN) and submit it to the DVLA. This will inform them that the car is no longer in use. SORN is valid until your car is sent to an authorized ATF or until you notify DVLA that you are not in possession of the car anymore.

ATF’s are usually happy to accept partially stripped cars, but you will have to fill in ‘Notification of sale or transfer’ section of the DVLA logbook and send it to the concerned department.

Car buying company, dealer or junkyard – what’s the better way to sell your scrap car?

There are three possible ways of car scrapping: selling it to a dealer, junkyard or the car buying company. If you go for the first two options there is a chance that you may not get paid. And if you do get paid, the compensation will be below your expectations.

On the flipside, if you get in touch with a car buying companying that claims ‘we buy any car’ and ‘we buy cars today’ they would not only scrap your car but  will also give you the best deal possible.

Have questions about car scrapping? Get in touch with us at 020 7183 2311.

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