As cars get older, they get more expensive to repair and keep on the road. At this point, you might start to consider buying a new car, but the cost of the new car or a deposit on it might make you think twice. If you are undecided about whether to scrap your car, here are a few ways you can know that it is time to let go.
Maintenance Is Costing a Fortune
Cars are already expensive enough without having to take them in for repairs. As cars get older, they start failing their MOT which means they need additional serving and repair before they can get on the road. If you do the maths, you might find that what you have paid for service and repair over a year might have been enough to pay for a deposit on a new car. At this point, it is time to scrap the car. If you find someone to buy the scrap car, you will at least get some money out of it.
Your Car Has Become Very Fuel Inefficient
The cost of petrol has been rising over the past decade or so, which means if your car is fuel-inefficient, it may be costing you a lot of money just to keep it on the road. One sign that this is the case is if you find yourself visiting the petrol station more frequently. In this instance, you may want to consider getting a new car and scrapping your old one.
Additionally, the world is increasingly moving towards electric vehicles, so even finding someone to buy a car to repair is a hard sell. The good news is that you can get some value out of your old car instead of leaving it to rot in a garage or an abandoned scrapyard.
Scrap Car Kings has a handy tool that lets you see how much you can get for your run-down car. All you need is to enter your car’s details and wait for a “valuation”. You can then get in touch with Scrap Car Kings so they can buy the car. This way, instead of having a car rotting or taking up extra space, you can have some cash in your pockets to put towards a new car.
If Your Car Has a Long History
A car’s history will determine its trade-in value. If your car has undergone a lot of maintenance, or has any type of damage, you might not get too much out of it unless you sell it for scrap.
Also, if you have been involved in an accident that has made your car unsafe to drive, it is time to consider scrapping it. That car is now dangerous and it would be impossible to get insurance on it. Even if you decide to make it roadworthy, it might cost too much and that idea might not be financially viable.
As your car gets older, it will become a lot more expensive to keep. At one point, you might have to decide whether to keep the car or to scrap it. The tips above should help you know what to do.
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© by Chris Girling 2020