Are you searching the internet to learn about how you can go about scrapping your old car and getting back some value for doing so? If your answer is yes, then this article is for you. To scrap a car in Singapore, you must do so at a licensed scrap car agent who can assist you with disposing of the unwanted vehicle.
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Choose the Right Dealer
There are several authorised scrap car dealers in Singapore who you can turn to for assistance. However, not all dealers are equal. Other than the price offered, they each operate with different terms and services offered. As such, it is important that you choose a dealer that offers you a good price, convenience and a hassle-free experience.
A commonly overlooked factor when choosing a car scrap dealer is the location of their office. Simply put, the further the office is from you, the more cost incurred transporting your car over and travelling both to and fro from the office. As such, you should be wary of such indirect costs eating away at the revenue from your scrap car transaction.
Administrative Capability of the Agent
Good scrap car dealers will be willing to take care of all administrative and paper work that is required for your car to be scrapped. As such, you should avoid those who deny responsibility for these tasks. Moreover, to further test a dealer, you should ask questions about the scrap car process. If they are unable to answer you both confidently and competently, then you would probably be best of choosing an alternative.
Dealers may greatly differ from one another when it comes to payment for your car scrap. Most commonly, dealers will make payment on the chosen day for scrapping, once the transfer of the car’s ownership has officially taken place. Additionally, they could offer to pay you in cash, cheque or bank transfer. Given your preference, you may select a dealer based on their payment terms.
How much will I get if I scrap my car? Now we have come to the grand question of all, the amount of money that you will be paid for handing your car over to the chosen dealer. Dealers value cars based on two main factors.
Firstly, the mileage, wear and tear as well as the condition of the car will affect its value. The more beat up a car is or the longer that it has been operation, the lesser value you will receive for it.
Secondly, the supply and demand of the market for the car model in question will also factor in determining its value. In years where your car is in demand, you can expect an inflation in its value.
When these two factors are weighed together, dealers will be able to determine a fair price to be offered to you for your car.