Why you should scrap your car

Maybe you are attached to your old car. It does happen to a lot of people. After all, the vehicle has served well over the years and has done you very proud and can still get you to your destination properly. But have you considered what it could be costing you?

Your cost to bear:

So what does your old scrap car cost you? The first thing that must have started calculating is the tax disc, fuel and insurance. But these are not the only factors that are there. Have you considered?:

- The interest of the loan you have paid to get it

- breakdown cover

- fines

- repairs

- services and

- Sometimes the garage that you rent for it?

These are only to list a few; we really have not even considered it all.

Think about it: every time you drive that scrap car of yours, its value depreciates gradually with every mile it goes. And all of us know that you must pull your money out of depreciating assets as soon as possible.

Calculate it:

Now that you have started wondering what kind of money is actually getting lost due to your scrap car. There are many financial calculators on the web where you can key in details about yourself and your car and they will provide you an estimated close cost that you incur for your car. For an old small car such as a Ford Fiesta, when you consider just basic breakdown cover a low insurance and average mileage, the estimate boils down to £3,000 a year to maintain the car with these factors only. We have not even covered every detail here like your parking tickets, finance deals and other extra things you might have opted for it. That is a huge gaping hole you have in your bank there.

Get some of it back:

What if someone told you can get some of that money back? How would you do it? Simply by scrapping your car. If you plan to sell your car to a new buyer then you will be getting money for how road worthy your car is whereas you will be paid for the material your car provides when you scrap your car. Simply contact a scrap car buyer, get a quote and enjoy a payout that does not come from your pocket.

It really is that simple and this is how it has always been. Buyers are ready to buy great money because since the metal and other parts of your car is already tempered it provides a very good grade material after it has been recycled which is why scrap car prices are high.

Just make sure you sell your cart to a reliable buyer so that your car gets recycled properly. That way you can make sure the machine can be dismantled properly. You do not want any oil seeping down the drain or the batteries ending up in a ditch or rather your car ending up on the road with a less friendly owner.