(Last Modified on: July 12, 2017)
If you are thinking of getting rid of an old rusty vehicle, then you would be glad to know that there is more to recycling it instead of simply dumping it in a landfill. Of course, recycling unwanted vehicles can be a great option than simply letting them transformed into an old clunker. In fact, you can make really good money by scrapping your car for parts and scrap steel metal.
According to a survey millions of unwanted vehicles are recycled every year in the auto recycling industry to produce adequate steel to manufacture about 13 million new vehicles. We have compiled a list of common mistakes that you should avoid when you approach a scrap yard to junk your old vehicle.
No documents of ownership proofs
Before you scrap your vehicle at a salvage yard or liquidate it. It is important to have ownership title in hand. Besides the ownership proof make sure to have all the other important paperwork to complete the sale process. This includes paperwork like a mechanic’s lien, sales receipt, affidavit of repossession or sales receipt.
In case if you have lost the ownership documents. Make sure to visit your state’s Department of Motor Vehicles (DMV) and request a new one. Also have a look at the scrap car prices to have a good idea about the amount money you can make out of your vehicle, while you gather all the important paperwork.
Agreeing to get paid at a later date
When you have completed and signed the documents of ownership transfer. You no longer hold the ownership of the vehicle. This is why, it is very important to receive your money before signing the ownership paperwork. Sometimes the buyer may have a valid reason for paying money at a later date, but generally you should get paid instantly. Never renounce your vehicle unless you have a written agreement in hand or you have been paid the full amount.
Removing your non-running vehicle to the salvage yards
If you intend to sell a vehicle that is in a good working state, you can drive it to the buyer’s lot and expedite the transaction process. Conversely, if you have a vehicle that is junk or inoperable, then there is no need to hire a tow service and pay to get it towed away to the dealer. As tow services usually charge hundreds of dollars for travelling even the shortest distance to collect a vehicle. Most of the salvage yard dealer’s offer free of cost towing services you can better look for such dealers because it’s more reasonable for your budget. Find out where to contact to get the fast scrap car removal in Sydney.
Selling a car that is still in a good running condition
If you simply want to upgrade your old vehicle which is still functional. There are many options you can consider other than just scrapping it. By scrapping a vehicle that is perfectly operable you may not be able to receive the highest possible worth. There are some services known as Cash for scrap cars that buy old and pre-owned automobiles that can still be driven on the road. In contrast to an auto dealer, these companies may offer you a more generous cash payment because of the lower repairing costs of putting the vehicle on the road.
This will not help you make more space in your garage. But you can also contribute to generating about 40% of the steel used in the manufacturing of other automobiles. However, make sure to avoid selling a car that still drives.