Selling your car for scrap is worth it if you just want a new car while getting rid of the old one properly. It’s a very good idea to scrap your vehicle if you are looking for extra cash to finance a new purchase, but it can be a bit tricky if you don’t know how the process works, says UKCarMovement. With that in mind, we have created a quick guide to help you identify how you can sell your car for scrap properly and ensure that you are getting the best deal possible.
See How Much Your Car is Worth
Cars depreciate the more they are on the road, and it can be hard to estimate how much your car is worth. Thankfully, there are many online tools that will offer an approximation of your car’s value. These tools consider the manufacturing year, registration number, make and model, amongst other factors.
Prepare Your Documents
Normally, you will need the V5C form in order to show that you are the owner of that vehicle. You will also need a proof of residence and photo ID. You need to show these documents to prove the vehicle is yours, otherwise you will not be able to scrap it. Proving where you live is easy, as you will do that by sharing one of the latest utility bills.
Finding the Right ATF
You will need to find an authorized treatment facility in your area that handles car scrapping. Check online reviews, experience, reputation and prices. In fact, it’s recommended to shop around and see the value that they are giving to you.
Reporting to the DVLA
After you scrap your car, you must contact the DVLA to show you’re not the owner anymore. You can write to them with details of the deal. Make sure you include details like your name, address, vehicle registration number, the ATF you sold it to, and when you sold it. You will also have to attach the certificate of destruction to it.
Claim the Road Tax
If you have any unused road tax, you might be able to get a refund for that. It depends on a variety of factors, but you will be able to get the road tax refund most of the time. The DVLA will do that for you when the ownership is canceled.
These steps are very important if you want to scrap your car properly and without any hiccups. This is the legal approach, and it’s quite simple once you know the steps. Keep in mind that you can’t get paid in cash for the vehicle – only via cheque or bank transfer. But other than that, once you get paid, you can go ahead and find the new car you want to buy. Follow these steps, and you will be good to go!