Did you know that a car that is no longer in use can earn you money? Indeed, if you have a car that no longer runs, you can decide to sell it to a scrapyard. The latter will estimate a price for you. But how to avoid being cheated? Find out here how much it can cost you to sell your car!
Why Should You Scrap Your Car?
If you notice that your car is at the end of its life, the best thing to do is to send it to your garage. Once your mechanic has checked the condition of your car, he will be able to tell you if you can have it repaired or if you should take it to a scrap yard. Indeed, your car would be good for the scrapyard when the cost of the repair is very important or when it is declared economically irreparable.
So, if the only solution you have is to part with your car, the scrapyard is the place to be. Also, when your car is considered a wreck, you have no choice but to send it to the scrapyard. In case you do not respect the norms in this field, you will be fined 75 000 € in addition to a jail sentence. It should be noted that the scrapyard is also known as “ELV center”.
The Price of a Car at the Scrapyard
European regulations require that end-of-life vehicles be recovered by ELV centers. If the vehicle is destroyed, it is still possible to recover some parts and to recycle some materials. Indeed, to find the purchase offers, you can make an announcement on the various sites while providing the state and the characteristics of the vehicle.
Then, you will have to choose the scrapyard that offers the best price and start the administrative steps. Depending on the condition of your vehicle, the buy-back price is between 50 and 500 €. However, beware of scammers if you find that the offer exceeds €500. In order to avoid scams, it is important to have an idea of the value of your car and for that you can ask an expert for an estimate.
Estimating the Price of a Car for Scrap
To find out the price of your car for scrap, know that you can get it for free online by searching for a professional on the internet. In addition, the price of your car will be given to you in cash during the collection procedure or at the appointment. For the rest, it is up to you to present the vehicle registration document.
Please note that some individuals who do not have the legal status of a wrecker offer free estimation services on the internet. You can also ask an expert to come to your home to do the estimate. However, no buyback is done online, transactions are done during an appointment.
Finally, you can ask a garage owner or a technician in the field to evaluate the buyback price before any online estimate. This way, you can get an idea of the price to avoid scams.
Scrapping Premium Benefits
In order to support the ecological transition, in several countries the government has set up a scrappage scheme. The latter allows to accelerate the renewal of the car fleet. When an old polluting car is deposited in an approved scrapyard, the owner receives government aid. Thus, he will be able to pay for a new, less polluting car.
However, it should be noted that the amount of the bonus depends on the date of registration of the old car and the pollution level of the new one. It also depends on your tax situation, especially if you are in the lowest 20% of the population.