Here at Scrap Car Comparison, we are regularly asked about how our prices are calculated and our customers are often surprised to find that it can rely heavily on the national car scrap value. With international factors to consider, such as international trade agreements, flux in the financial sector, socioeconomic movements and sudden changes in demand, there are a lot of elements that impact the car scrap value in metal. It’s for this reason that we have created this page, to keep you up to date with your car’s scrap value, as well as let you know why it might have changed.
Car Scrap Value Tracker
Each month we aim to provide a UK average scrap price, so that you can see the current national car scrap value for yourself. These figures are regularly calculated using estimated national averages and data collected from our national network of authorised treatment facilities and scrap car collectors. The tracker was last updated 19/10/2016.
How Is The Car Scrap Value Worked Out?
You may be wondering how the prices of scrap cars are decided? Well the weight of your car is the main indication; The heavier the vehicle, the more scrap value it has. When the vehicle has come to the end of its life, it will finally be crushed and the metal it is made from will be recycled and used again, in vehicles or other products.
There are however other factors that can effect a vehicles value, such as certain makes, models or engines that are considered to be worth more. Some collectors will be willing to offer a higher price for specific vehicles, other than the usual scrap metal value per tonne, which is usually when they know that they can make more profit out of recycling your vehicle. This is where we help you the most, comparing offers from scrap buyers who will give you a variety of prices depending on your specific car. However, we don’t simply give you the highest price, we also help you to work out the best value buyer, helping you to sell your vehicles to buyers with reliable and convenient collection, ensuring everything goes smoothly.
The UK Cash Ban: Scrap Metal Dealers Act 2013
In October 2013, as a result of rising criminal activity in the scrap industry, the government changed the law regarding the legal payment methods for scrap cars. This meant that you could no longer be paid with cash at the point of collection for your scrap car and payment via a business cheque or an instant bank transfer upon collection became the standard practice for all scrap buyers. This had a large impact on the value scrap car buyers could offer customers, as it allowed for fast direct payment and sped up collection times. This increased collection rates and helped inflate prices for the remainder of that year. Take a look at the .GOV website to read more on the UK Cash Ban & the Scrap Metal Dealers Act 2013
Getting The Best Scrap Car Evaluation
We are the first and only Vehicle Scrap Price Comparison Site in the UK. That means that when you need to get rid of that tired car, motorbike or that van sitting on your driveway, we are the place to go to get the most scrap car value. We’ll help you to compare a wide selection of the best prices across the whole of the UK within a few minutes.
By using our online site, you save yourself time! No need to ring around all of the possible scrap merchants, salvage yards and other buyers in your area, we’ll compare them all and provide you with the best prices available to you, ensuring that you don’t miss out on some of the nationwide buyers that we work with. They can offer some of the highest possible prices and have been in the industry for many years. You are in safe hands as all of the collectors and buyers that we work with will fill out all necessary scrap car forms correctly, making sure that you don’t end up with any extra fines for a car that you no longer own later on down the line .
So now that you know exactly how scrap car value is worked out, get in contact to ensure that you are getting the true value of your vehicle. We have already done the hard work so you don’t have to!
Car Scrap Value News:
The Current Value Of Scrap Cars | 20th October 2015
The Impact of 1,700 Lost Jobs at Redcar Steel Plant | 2nd October 2015
How To Get The Best Value For Your Scrap Car In An Economic Downturn | 14th April 2015