Today, tax premiums are lofty for high carbon-dioxide emitting vehicles. Your ten-year-old car, which was worth thousands when purchased, will bring only a few hundred pounds, if you want to sell it and this is the amount you get when you scrap the car.
Options to scrap your car
Sell the parts
If you are a DIY fan then break down the parts, store and sell them. You can get good cash, but there will be a need for storage space and time to sell your old car parts. Place ads online or in Colchester newspaper. Hobbyist and mechanics in Colchester may be interested and will certainly offer more price than scrapeyard.
Hassle free option
The car scrap yard based on Colchester can be your choice because it is nearby. It is a scrap recycling company, which holds approval from major car brands as recycler. Visit their website to fill an online valuation form. Enter your postcode and registration number. Soon you will get a call from them with highest possible quote.
Word of caution
Avoid dodgy scrap dealers
If dealer offers cash and does not ask for identification or address proof then avoid them. It is illegal to pay money for scrap car. In addition, they need to recycle the scrap properly.
Notify DVLA about your scrapped car
If you forget to notify the DVLA then you will be responsible to pay car tax, which will be more than what the scrap yard paid. Make sure to get Certification of Destruction.