The used car economy is unique in many ways. It is unique because a vehicle begins depreciating as soon as you drive it off the lot. However, many parts of the vehicle retain their value for decades to come. Some parts even get more expensive over time. Furthermore, a vehicle is often considered to be worth less than the sum of its parts. That means your vehicle might only be worth a few hundred pounds, but all of the different functioning elements could add up to thousands of pounds worth of parts.
Scrap Yard Sales
Because a vehicle is often worth more as parts, you should consider selling a totalled vehicle to scrap yards in Hertfordshire.
- A vehicle is totalled when the cost to repair it is higher than its estimated value.
- At that point, you can sell a vehicle to a scrap yard. A scrap yard will price a vehicle in two different ways.
- They price a vehicle based on the value of its functioning parts as well as the value of the metal itself.
- A vehicle is made of dozens of stone worth of metal that could be worth something as scrap.
- Also, the functioning elements can actually appreciate in value; for example, a hard-to-find carburettor could be worth more than it was when you originally bought the vehicle.
If you’re interested in how much you could get for your vehicle at a scrap yard, you should call ahead and find out. Call them and describe your vehicle as well as what’s wrong with it. Tell them as much as you know about the functioning elements of the car. You’ll be surprised with how much money you can get.