Many people interested in scrapping their vehicle turn to scrap vehicle agents. While this is often the logical choice, it may not be the best one. You may be able to get a better deal and sell off your scrap van much faster.
This article will explain the quickest way to sell off your scrap van that many agents will never tell you. Plus, we’ll discuss the process and the criteria that affect the amount of money you may receive for your vehicle.
Scrap Vehicle Agents
Scrap car agents act as mediators between you (the seller) and the buyer. They either find the best offer for you, or they purchase your vehicle and resell it later. For their job, scrap car agents charge a fee. Many people decide to hire these agents or even think this is their only option.
However, that’s not the case. Due to the advances in technology, you can take charge and find the best deal for selling off your scrap vehicle.
Online platforms are currently the quickest and easiest way to scrap your vehicle. Here’s why they might be a better option than hiring a scrap vehicle agent:
You’re in Complete Control
Numerous scrap buyers have their online platforms. Most of them offer no-obligation quotes that enable you to choose the one you like best. If you don’t like the offers, take your time. Since you didn’t hire a scrap vehicle agent, you won’t feel like you wasted money. Unless you need the money urgently, you can wait until you get the price you’re willing to sell your scrap vehicle for.
You Save Money
Scrap vehicle agents may offer the comfort of guiding you through the process, but they also represent an unnecessary expense. Nowadays, you can get all the information you need from the internet. Potential buyers, price ranges, and other valuable data are available to you for free. Even if you’ve never scrapped your vehicle before, you can do it without the help of an agent.
You Save Time
By communicating directly with a buyer or service, you save valuable time. Since scrap vehicle agents are the mediators, the communication process may take time, which could result in missing out on a good offer.
Working with an online scrap buyer enables you to get a quote within the same day without even meeting in person.
How to Scrap Your Car Online?
Here’s how scrapping your car online typically looks like:
The first step is finding a reliable scrap service. Ideally, they should have years of experience and good reviews from past users. Before contacting them, check whether they have the necessary permits and paperwork. Once you’ve found the service, fill out the “get a quote” form. In most cases, you’ll need only the registration number to start the process.
After entering the registration number, the service will ask a few more questions to give you the right estimate. Approximate mileage and engine functionality are some of the questions you should expect. It’s essential to enter the right information. If you hide or forget to enter certain data, the quote may change, and you’ll have to repeat the process.
The service you chose may even ask you about the amount of money you’d like to receive. Once you enter your contact information, there’s nothing else you can do but wait. Most reliable services will reach out to you the same day, some even within one hour.
Once you get a quote, take your time to decide whether it’s acceptable. If you think you could get more, don’t hesitate to contact other potential buyers and ask for a quote. Most buyers don’t charge for a quote, so you can reach out to several of them at the same time without losing money.
The final step is setting up the vehicle collection. Services usually do everything they can to fit your schedule and can even collect the vehicle when you’re not there. Once the vehicle is collected, you’ll receive the payment.
After your car has been scrapped, you should receive a Certificate of Destruction (COD) that proves it. This usually happens within two weeks.
How Much Could You Get for Your Vehicle?
The amount of money you could get for scrapping your vehicle depends on numerous factors:
The Vehicle’s Condition
Naturally, the vehicle’s condition is one of the determining factors. You’ll get less money for a totalled vehicle than for a roadworthy one. Rust, missing parts, and damage play a role in the amount of money you get for your vehicle.
The Vehicle’s Make, Model, and Age
In most cases, the older your vehicle, the less money you’ll get for it. This is because older vehicles tend to be in worse condition, and there isn’t much demand for parts. But there are always exceptions. Make and model are important factors to consider. For example, if your vehicle is rare, you could get an excellent price for it.
The Vehicle’s Location
This depends on the buyer you choose and the collection policy. Most of them will offer to collect it, especially if the vehicle isn’t roadworthy. The collection may reduce the amount of money you get in the end. Some buyers offer a free collection within a certain radius, so be sure to discuss this before sealing the deal.
The Price of Scrap Metal
The scrap metal market fluctuates, which dictates the amount of money you can get. The prices of aluminium and steel frequently change, which isn’t something you can influence. If you feel like you got a low quote on your vehicle and the buyer explained it’s due to scrap metal prices, you can always wait. But if you need to sell your vehicle as soon as possible, this isn’t an option. The only thing you can do is find a service that gives you a slightly higher quote.
Don’t Forget to Do Your Part
Scrapping your vehicle online is definitely the most convenient and affordable way to do it. You can get a quote and schedule the collection with only the vehicle’s registration number and basic information. To make the process even smoother, you should ensure you enter the correct data and prepare the necessary documentation.
Every reputable scrap buyer can clarify any uncertainties you may have about scrapping your vehicle.