How the cash for scrap car industry works in Australia
What do you do when your old Holden Commodore has given up and lies in the garage day after day, no longer useful and not worth spending the money on?
It’s easy: you look to get some cash back for its scraps. The cash-for-car-scrap industry is big business in Australia and one where you can get money back for that old bombed out Commodore. But how does it work? We’ve decided to give you an easy step-by-step guide on how the industry works and why it is the best way to way to go when it comes to getting rid of broken down cars.
A step-by-step guide
Step One: Is it time to get rid of the car? Call the mechanic.
If you have a car that is broken down beyond reasonable repair and is not worth investing in, it might be time to consider getting rid of it.
Lots of people don’t have time to sell their bombed out cars, and frankly, many customers will not purchase a rusted useless car, which is why it best to consider trading in your car for scraps and getting a bit of money back in return.The best way to ensure that your car is heading to the trash heap is to call in a mechanic. Their expertise can give you a second opinion on whether your car is worth repairing or if it best sold for scraps..
Step Two: Begin the online cash-for-scrap search
Begin by looking online to finding out the best quote and value for your car when it is traded in for scraps. There are a host of businesses and buyers who are interested in purchasing cars for scraps. Be thorough in your research and see who could offer you the best deal.
Step Three: Secure the title for your car and all the information.
Before contacting the cash-for-scrap dealer, collect all the important information about your car: the model, the year of creation and a history of all its problems and repairs.
Don’t forget to have all the documents of your car such as the registration and title of the car. Some individuals and companies won’t purchase cars if owners cannot produce evidence that is theirs.
Step Four: Remove everything from the body, except the body.
Sounds confusing? It isn’t. Make sure you drain your car of all fluids, including all oils and waters. You can either do this yourself or if you’re uncertain about what needs to be flushed out, call in a professional.
Once that is done take care of the important parts of the car, including the engine, transmission, brakes and even the wheels. It can fetch you a higher price if all that is maintained before collection.
Step Five: Contact the Dealer
Contact the individual or company and explain your situation. Provide them with all the accurate details about the car and then they can provide you with a realistic quotation about your car. If you are satisfied and have agreed to a satisfactory deal, you can begin
Step Six: Arranging a pick-up time.
Make sure you are presented in the time of pick-up. Ensure that you have enough time to be there for the pick-up and the trading of essential information. Be wary that while most cash-for-scrap dealers offer free pick-up, some don’t.
Before the tow-truck arrives for the collection, remove your licence plates to avoid any notices or fines that can dished out by the council or road authorities.
Step Seven: Last minute check
When the tow-truck arrives, talk with the cash-for-scrap dealer and make sure everything is all in agreement. There is a possibility that they might change the original offer upon seeing your car. It’s merely done to see if you have not lied to them in regards to what information you have offered them. If you are all happy with the deal, then
Step Eight: Get your payment.
The payment should be done quickly and effectively, either through cash or through credit. Some cash-for-scrap dealers might ask you to come back to their offices to sort out any paperwork and guarantee a safe and clean purchase. Be prepared to have another option to get to the office, so ask a friend for a lift or find the closest transportation route.
Step Nine: Notify the Car authorities.
After removing your licence plates, contact the car authorities (VicRoads for example) and notify them that you are cancelling your registration for the year and are either returning your plates back to them, or keeping them with the intention not to be used in any other car.