Scrap Car Guide – How to Determine the Value of Your Old Car

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Was your car so much problematic that at some point you were compelled to park it in your garage and then you did not move it from there for days, months or even years? If yes, it is official that your car qualifies to be in the scrap car category.

Most people in this situation feel that there is no hope left for their car and therefore they begin counting their losses. But if you have at one point asked yourself “how much will scrapping my car cost?” then you probably know that it has a certain value even when it’s scrapped. The following tips can help you know what your car is worth when scrapped and where to find the best price for it.

Consider the Time of Year

The value of certain car makes and models vary with the time of the year. For instance, bad weather tends to increase the scrap car value for an SUV or a 4×4 and you will sell an old convertible car for more in the warmer months, especially summer.

You will also get more for your car when you sell it when the cost of petrol is down. But you don’t have to wait for conditions to be in favor of your old car to sell it. Start making enquiries and get an offer for your old car from the best buyers, like scrapmycarquickly.co.uk right after you make up your mind to scrap your car.

The Scrap Value of Your Car Depreciates With Time

If your SUV or 4×4 is stationary, waiting for a long time to sell it will actually cost the value of the scrap to depreciate. Many parts of vehicles deteriorate quickly when they are not active. Those who say “I was thinking of scraping my car but thought I would wait a while” don’t realise that, the parts that give the car value are the once that deteriorate the fastest.

Average Prices for Scrap Metal

An average truck is worth 3,000 pounds of steel while a car is averagely £2,400, which represents about 54% of the total weight of the vehicle. You can be almost certain that about 300 pounds will come out of your Scrap car, whichever make or model it is. Scrap Car Companies  like scrapmycarquickly.co.uk will take the steel, copper, aluminum and other metals within the car because this is what they sell to other manufacturers who need them as building materials or for new cars.

The price of metals, unfortunately, fluctuates on a demand basis as phone manufacturers, building construction and car companies put up this demand. Since the demand varies on a daily basis, metal prices also fluctuate as often. It’s, therefore, important to confirm the metal prices before making a decision.