Title: When Should I Sell Or Scrap My Car?
1When Should I Sell Or Scrap My Car?
2Ideally the best time to sell your vehicle would
be when it is running and fully working, this
would put the most cash in your pocket in most
cases. Obviously a car with a valid mot will
command a lot more money than a car without a
valid mot. You would get a bit more money
selling it privately and in most cases a lot more
stress. You need to be prepared for many
pointless calls and text messages and people
coming to view the car at inappropriate times and
then jumping on every single possible fault or
even the slightest scratch or blemish, lets not
get started on the comments about needing tires!!
3The car you own could be quite rare now so if you
have time and space on your side you could break
the car which means listing the car for parts and
selling each part individually. This would
probably bring in decent money but is time
consuming. A quick car sale is often needed when
things go wrong so my advice would be to sell to
a trader when they go wrong and then it is no
longer your problem to worry about. At least it
is gone within a few days and there is no messing
about kicking tires etc.
4The following situations are good signs that your
car should be sold before it loses most of its
value.
- You see that many cars like yours are going cheap
with a valid mot, you only have a few months mot
and you are planning on getting a new car once
the mot is up. You should sell the car now
because once the mot is up it is pretty much
worthless. If you know it is going to become a
mot failure the only place that will buy it is
your local scrap yard. - The car has not had regular servicing and is
becoming an old car now but still runs ok, get
the car gone, cars need to be serviced to run
correctly. If you sell now while it is working
you may make some decent money.
5- 3. You know it is going to need work in the
future. If the mot station have told you its
going to need various things for the next mot
maybe use it until 3 months before the mot
expires then sell it. - 4. You notice it is not performing as good as it
once did. The mpg is down, it is using more oil
or water than it once did. Chances are something
is going wrong so bite the bullet and get it
fixed or move it on before it does fail - 5. Your car has been through the trenches and has
the war wounds to prove it, but has decent mot
left on it. Sell it before the mot is out because
once the mot is out no one really wants to buy a
car with panel damage. The breaker yards wont
touch it. The traders wont be able to sell it on
and the only place for it will be the big car
park in the sky!
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