Having considered all of these options, we reckon you’re best off scrapping it. For three main reasons that we hope you’ll find convincing. So if you’re wondering what to do with your battered old motor, read on and see why you should call the scrap yard straight away.
There is usually a lot of paper work involved when it comes to selling a vehicle. Besides, there is always a lot of work to be done on the car to make it look presentable for potential buyers. This invariably involves tinkering and welding and maybe even a coat of paint, which will cost a lot. But with these companies, you need to go through no extra expenses. What is more, they will handle the paper work themselves, and there are no hidden fees. You can even request a quote online by posting the make and model of your vehicle.
Avoid any unexpected fines from the DVLA for not getting your car de-registered properly at an authorised Scrap Car recycling centre. Don’t trust dodgy operators who don’t have the required licence to recycle cars.
Once you have made up your mind, you must keep your ownership papers ready with you because when you sell your Junk Cars, the first thing that is asked is your ownership papers. This is done to avoid the possibility of any kind of fraud. If you have your papers in order, it will be easier for you to sell your vehicle and earn a handsome amount against it. Otherwise, it sometimes becomes problematic to sell your vehicle and you end up selling it in prices much lower than what you deserve.
Car racing is a tradition for a century in Indianapolis thus; the word car racing is always associated with the name of the city. The 100th anniversary of the event is a three-year celebration from 2009 to 2011 and is dubbed as the centennial era of scrap Indianapolis 500. Year 2009 marked the founding of Indianapolis Motor Speedway Complex in 1909 while year 2011 is the centennial anniversary of the inaugural Indianapolis 500.
You get an almost endless supply for auto parts and accessories. Of course, you don’t want to choose just any Junk Car. It is best to opt for the same make, model, and year as your current vehicle. Some accessories, unlike car parts, can be used on same brands, like Mercedes even if the year or make is different. Wouldn’t it be neat being able to go years without needing to buy other car parts and accessories? You can pull from the Junk Car sitting in your garage. In this aspect, a Junk Car can save you money.
Another aspect is LTV. The Loan to Value ratio is a depiction of how much you owe vs. your car’s current value. Lenders understand that being a depreciating asset, a car’s LTV will be higher than 100%. But a very old car will have an exponentially high LTV value. This means there are higher chances of an up-side down loan. So, lenders stay away from cars older than 7 years.