london_scrap_my_car_logo

Scrap My Car Prices

UK Scrap My Car Prices

Scapping your car can be daunting. Many of us have never needed to do it before and wouldn’t even know where to begin. How do you even know how much your car is worth when scrapped? Well we’re here to peel back the curtain and spoon feed you all of the information you need to know next time you wonder “how much is it to scrap my car?” or “where can I find scrap my car prices infomation”.

What Factors Influence Scrap My Car Prices?

  • Scrap Metal Value

It shouldn’t surprise you that one of the key factors that impacts the scrap value of your car is how much the actual metal sells for.. The value of metals can vary depending on supply and demand, which is effectively how much the metals are selling for on the open market. Essentially, the car will be scrapped and the raw materials sold on, so the dealer will offer you a price based on what they think the residual value will be.

  • Size and Weight

The size and weight of the car will then enable the dealer to work out how much metal and other components they will be able to extract from the vehicle. This is normally measured in tonnage and will enable them to calculate what the potential deal is worth to them. For example, a Ford Fiesta will be made with less raw materials than a BMW X5. It’s as simple as that.

  • Parts & Components

The parts and components play a significant part in the scrap value of a car. If the vehicle is still in fairly good condition, then the dealer might be able to extract some of the parts to sell on the second hand market. Although, the opposite is also true – if there are parts missing from the car then you can expect to receive a reduced fee.

  • The Type of Car

Last but not least, the make and model of the car will also determine how much a scrap dealer offers to take it off your hands. A rusty old Vauxhall will likely fetch a lower price than a newer Audi A5 for a number of reasons. The main one is that more expensive cars often have less common parts that can be sold off, and are made from more valuable materials than lower budget alternatives.

Scrap_My_Car_Prices

Scrap My Car London

Why are catalytic converters worth so much?

You might have heard tales of people stealing catalytic converters from cars and there’s a very good (albeit morally corrupt) reason – they’re worth more than gold! No, really.

It is law that every car must be fitting with a catalytic converter in order to reduce carbon emissions and mitigate the impact we’re having on the environment. Precious metals such as platinum, palladium and rhodium turn these harmful gases into something kinder, but quite often sell for more than the price of gold.

In the past, this has incentivised people to detach them from cars and sell them on the market. The good news is that your car should still have a catalytic converter, which will have a positive impact on the price you’re offered to scrap your car.

Should I accept cash for scrapping my car?

It can be very tempting to deal in cash when offered by trades, including scrap dealerships. However, it’s important to remember that it is illegal to take cash when scrapping your car. The UK government introduced legislation that requires all scrap metal dealers to pay for scrap metal in traceable forms such as electronic transfer or cheque, otherwise they risk having their license revoked.

“But that’s their issue – I’d rather take the cold hard cash!”, we hear you cry.

Well that’s not necessarily the case. There is plenty of paperwork that needs to be finalised and dealt with by the scrap dealer on your behalf for your car to be officially scrapped. If a dealer is conducting dodgy cash deals, do you really think they’re fulfilling their administrational duties?

If the scrap dealer does not carry out the correct processes and communicate with the DVLA, this can lead to penalty notices further down the line which come straight through the letter box of the previous owner – you. In this case, you can try to explain to the DVLA that you’ve scrapped the car, but what formal evidence will you have to be able to show that the vehicle has been scrapped? It’s fair to say that the cash is starting to look less attractive now.

Scrap My Car Prices – Examples

It’s very difficult to be able to provide an exact estimation of how much you’ll get for your car. As we’ve covered, this depends on many different factors that can change every single day.

However, these are some examples of how the make and model, weight and age of the car can impact on the potential price you might receive.

Make and Model Year Weight* Price*
Bmw 3 series 2002 1.365 tonnes £192
Ford transit 2001 1.691 tonnes £232
Peugeot 307 2004 1.260 tonnes £161
Renault megane 2004 1.270 tonnes £167
Suzuki swift 2006 1.075 tonnes £146
Vauxhall zafira 2003 1.505 tonnes £231
Volkswagon golf 2004 1.427 tonnes £215

3 top tips for getting the best price for your car

  • Find a scrap dealer close to you

In order to scrap your car, the dealer that buys it will need to travel and have it picked up. This means that the further away you live, the less they’ll be willing to offer to pay as their costs will be much higher.

If you can do without the hassle of finding a scrap dealer, then get in touch with us today. You can London Scrap My Car on  020 3893 2261 or request a quote by filling out our Quote Request Form. And more importantly, we have a wide range of local dealers around Greater London and surrounding areas to give you the best scrap my car price for your car.

  • Don’t be tempted to remove any parts

You might get a burst of inspiration and think that it might be better to remove some parts and sell them on the second hand market yourself. Although it might seem like you can make more money this way, it’s a deal breaker when it comes to transporting the rest of your car away. With missing parts, your vehicle becomes incredibly hard to move and obviously less valuable. This can result in dealers offering you much less for the car due to the time it takes to move.

  • Be alert to attempts at knocking down the price

“Sorry the (insert component here) is missing. Such a shame. We’re only going to be able offer you a fraction of the price now”.

This is a tell tale sign that you’ve found a real cowboy scrap dealer. Fortunately these are very rare.

Use your own instincts on this one. If you know full well that it sounds like they’re trying to give a false impression of the situation in order to reduce the price and maximise their margin, then do not accept their version of the situation. If they persist, then politely decline the deal and another reputable scrap dealer. (Ahem. London Scrap My Car , cough cough).

Scrap_My_Car_London

Scrap My Car London

Common questions about the value of your scrap car

So that was a quick whistle stop tour through the important things you need to know when finding the price to scrap your car, but we know that people still have so many unanswered questions on the topic. We’ve tried to answer a few here for you:

“So how much will London Scrap My Car actually offer me then?”

This is such a difficult question to answer as it will be slightly different for each individual situation. The best way is to call us on  020 3893 2261 and we would provide a bespoke quote to you, or request a quote by filling out our Quote Request Form. That way we can make sure that the price we give you provides the most value for your specific vehicle.

“Can I drop off my car and get a better price?”

Unfortunately it’s not that simple. As you can imagine, if everyone dropped their car off at the same time then that would cause havoc at scrap yards across the country. There is also paperwork that needs to be processed and there would be no way to ensure someone was at hand to help assist with this if people dropped off their cars at any time.

“Will I receive less if my car is in poor condition?”

Your car will be scrapped so the condition of the car isn’t as important as the raw materials that can be extracted from it.

At the end of the day, scrap dealers aren’t looking for desirable cars to sell on to other buyers. So don’t worry if it’s not a head turner, this will have very little impact on the price offered.

“I still have road tax left on the car, will you pay me extra for that?”

In recent years, the way the government deals with road tax has changed. Road tax is now linked to the individual, meaning that you will be able to reclaim the tax back from the government. We can provide you advice on how to do that, but the value won’t be added on to the price.

It’s understandable that many people have questions when scrapping a car. It’s just not an activity that you need to carry out every day. At London Scrap My Car, we try to make it as easy as convenient as possible and will be on hand to support you every step of the way.

Scrap My Car (areas we cover)