Your old car has finally given up the ghost. It’s the ideal opportunity for an outing to that incredible car park in the sky – the scrap yard. Scrapping car in Singapore for money may be an alternative if it turns out to be too costly to even consider keeping it road-worthy. However, how are you expected to scrap your car? The procedure is straightforward, yet there are a couple of rules you have to follow initially.
How do I scrap my car for cash?
Scrapping your car is generally simple. Previously, you frequently needed to pay to have your car taken off your hands.
However, guidelines set up to overlook abandoned cars imply that getting shot of your old banger ought to be free. What’s more, due to the expansion in scrap metal values, you must be able to acquire some cash for your vehicle.
This has to happen at a scrapyard, or Authorised Treatment Facility (ATF) that’s licensed by the Environment Agency. It’s against the law to take your car anywhere else, so ensure they are licensed.
Keep in mind, you have to tell the DVLA if you’ve scrapped your car. If not, you could be fined.
This procedure is additionally advantageous for the environment, as parts are frequently reused some time later.
What paperwork will be requiring scrapping my car?
It’s imperative to have the correct paperwork before you scrap your vehicle. You’ll require:
- The vehicle logbook (V5C) – you can’t scrap your vehicle without this, as it shows that it is your car, and stops any unapproved deals. Ensure you keep the yellow slip from it (V5C/3) and guarantee you get a receipt from the ATF.
- A Certificate of Destruction (CoD) must then be posted or messaged to you within a week. This is a DVLA certificate that shows you have had the car reused, and absolves you of any future responsibility regarding it.
How much will I get for selling my car for scrap?
Just as the scrap value, there are a couple more alternatives with regards to getting money for your car when it’s surrendered the ghost.
Selling car parts
A few drivers want to sell off the most significant vehicle parts exclusively, and after that negotiate a cost with the scrapyard for the rest of. This may get more money in general.
Nevertheless, you should possibly try this if you know you are comfortable around an engine, as you’re probably not going to get a better cost than scrapping the entire vehicle.
Online car scrap valuations near you
The simplest alternative for scrapping your car is to utilize a site based on Singapore Scrap Car, which offer you quotes depends on the best cost from local scrapyards. The cost offered by destinations depends on of the car being:
- in an available location
- complete
- free from waste
Additionally, ensure that the tyres are completely inflated as well as the keys are accessible.
Refund on insurance
When your vehicle’s been scrapped and you have the CoD, ring up your insurer and drop your car insurance policy. You may almost certainly get a refund on any idle cover.
