We can often get attached to our cars through the memories that they hold. However, nothing lasts forever and cars rust and deteriorate heavily over time.
Additionally, as more government policies are being introduced that favour electric and hybrid cars older petrol models are becoming more expensive to operate. Unfortunately, this is also reducing demand for older models on the resale market. Here are five signs that you should opt to scrap your old car.
The Ever Increasing Depreciation
All cars depreciate and whilst the worst occurs in brand new models older vehicles still lose a lot of their value over time. This cost is often discounted when customers are considering a new car.
A quick check online can give you a rough estimate of your vehicle’s value. This value can be too low to warrant the time it would take to sell the car. In this scenario arranging a collection to get your car scrapped will be the most efficient and easiest option.
The Increasing Repairs Year on Year
Finding a reliable car can be extremely challenging and many out their will have very high repair costs; when you add this to tax, insurance and fuel costs cars can quickly become a very big expense. These expenses will all be considered by future buyers and may make selling your car very challenging. Additionally, when calculating the costs you should consider the potential future repair costs you may incur.
You’ve fallen out of Love with it in Favour of a Newer Model
Depending on your personal situation you may use your car to a greater or lesser extent every day. Opting for the scrap car collection of your old vehicle could pave the way for the one you truly want. This will increase the comfort of your daily commute. You could also upgrade to a more eco-friendly alternative that may better comply with government regulations.
It Uses the Wrong type of Fuel
Diesel cars were once touted as more environmentally friendly than their petrol counterparts however recent government policy has changed. Older diesel cars are now viewed less favourably and you may incur intercity driving surcharges in congested areas. This has again reduced demand for diesel cars and increased the costs of owning one; making scrapping cars more appealing.
It’s Good for the Environment
Much of the change in government policy has been driven by the positive potential impact the adoption of newer more eco-friendly cars could have in regards to climate change. There are questions over the environmental impact of electric car production but they do produce fewer emissions than petrol or diesel vehicles.
Make sure you get the Best Price when scrapping your car
If you do decide to scrap your car to avoid the laborious sales process then you can make sure you get the best price through visiting Recycle Monkey who compare all the options on the market for you.