Fixing and reselling – If your car is not extremely damaged, it is likely that the automotive company buying it will try to fix it. Naturally, the value of such cars is very low. However, in some cases, old cars are entirely fixed by upgrading the parts and renewing the paint. Such cars are then shipped abroad as ‘reconditioned cars’. Naturally, the process involves a lot of investment, especially if the cars being worked on are really old and worn out.
While you could theoretically scrap your own car with a hammer, it’d take ages and you wouldn’t get paid for it. So you need a scrapping company. Preferably a good one, because there’s a few things that they’ll need to take care of for you…
The simplest and best way to do so is to speak to a used car salesman. They should be able to advise how much they think they would be able to sell the car for if they were selling it to make a profit for themselves. If the car is so old and broken down and that cannot be salvaged, then there is the chance that there is no salesman who would want to sell it. In this instance the only available option would be to sell it to a junk-yard. But, this is not a complete loss because the junk yards are prepared to pay some money for any old car, no matter its condition. Many people wrongly get Junk Car removal for their cars without receiving any money in exchange.
There are government-ordained rules around the scrapping of cars according to which you have to ensure that you scrap your car in an environmentally friendly manner. After you do so, you are usually handed a Certificate of Destruction. Unless you get a hold of that certificate you’re still liable for the possession of your car. In some areas, there are state-run yards that are equipped to handle the destruction and recycling of Scrap Car. In other areas, there are state authorized yards that do the job. Before, you send your car over to a scrap yard you must find out whether they have a valid license to operate and handle scrap car.
Reusing the metal – This applies to cars that are entirely useless and can not be fixed. If a car is extremely damaged and does not run at all, chances are that you will be paid according to its weight. This is because the company buying it will have no use for it except reusing the metal. In such cases, the car will be stripped down and the exterior metal may be renewed and used in new cars. Metal may also be melted down and used from scratch. Since this costs lesser than buying new metal, small automotive companies tend to buy old Junk Cars.
Get the ownership – This is important if your car is better than complete junk. This is because in such a case, it will not be sold as metal but as a proper car. In such a case, the paperwork will be necessary even if your car is very old. Also, if you do not have the ownership, the price will be lowered considerably. Therefore, make sure you get the title of the owner.
It is best to call your mechanic and discuss these things with him. Ask him to repair the basic parts as car dismantling companies always check the basic parts of the car before buying.