Scrap my car for cash – The car salvage market has come a long way over the past decade following changes to the Scrap Metal Dealers Act in 2013. One of the many changes introduced to the market included legislation making it illegal for anyone to buy a scrap car for cash.
The key reasons this was introduced was to try to reduce what had been a significant upturn in stolen metal crime, and to eliminate rogue traders from the market. By only allowing these transactions to take place by bank transfer or by cheque, this creates a paper trail that protects everyone involved in the transaction.
Let’s take a closer look at how payments work for scrap cars and how you can turn your unwanted vehicle into cash today.
Before we take a look at payment methods, the first step is always going to be trying to find the best car scrap value to ensure you’re getting the maximum possible returns from recycling your vehicle.
Scrap Car Compare has become the go to site for motorists looking to get a great deal on their unwanted vehicle. The big advantage of using a company like Scrap Car Compare is that we scrap any car, and all quotes offered are based on the projected weight of the vehicle.
The first step is to help us identify the make and model of the vehicle that you wish to recycle, and we do this by searching the DVLA database using your car registration number. Enter this number into the quotation engine and confirm that the car we’ve found accurately reflects your vehicle.
Next up, you’ll need to let us know where the vehicle is located. Enter the postcode and we’ll search our network of more than 100 Authorised Treatment Facilities to find the most suitable for your needs. We’ll then present you with a quote based on the weight of the make and model you’ve declared.
For anyone wondering ‘can I scrap my car today?’ the answer is yes, and payments can be made almost as fast.
Once you’re happy with the quote to scrap my car, the next step is to decide how you want to be paid. As we’ve already discussed, it’s illegal to buy a scrap car for cash and so you’ll need to decide between a cheque or bank transfer. It’s completely up to you which option you feel is most suitable for your needs, but of course a cheque will take a little longer to clear in your bank after it has been issued.
Alternatively, once your bank details have been received by Scrap Car Compare and the payment has been processed, funds should be available in your bank account within 24 hours.
As well as stopping vehicle owners and car salvage yards from buying a scrap car for cash, it’s also essential that you use an Authorised Treatment Facility to recycle your car or van. Before 2005, the scrap car industry was very loosely regulated whereas every legally operating ATF in the UK must now have a special licence issued by the Environment Protection Agency.
This is to help streamline the standards expected from car salvage yards, particularly when it comes to removing and disposing of hazardous chemicals that can remain in the vehicle long after it ceases to be used. This can include battery acid, brake fluid, gearbox and engine oil to name a few.
As well as providing us with your bank details so we can arrange payment, you’ll also need to present your V5 document to prove ownership. If you don’t have this available, then all is not lost – simply bring along some photographic identification such as a passport or driving licence.
Once the whole car recycling process has been completed, you’ll be issued with a Certificate of Destruction to prove that your vehicle has been recycled responsibly and in line with Environmental Agency guidelines. This will also show that you are no longer legally responsible for the vehicle which can help to offer you protection should the car or parts from it be involved in criminal activity further down the line.
So what are you waiting for? Get a great deal on your unwanted vehicle today with Scrap Car Compare and let us take the stress out of disposing of your car or van.