If you’ve a beat up, old car lying in your driveway or garage, why not sell the vehicle to a scrap yard and earn some extra cash. Cash transactions are now illegal, but you can get money transferred into your account.
Scrapping Your Car
There was a time when you could scrap an old car for cash, but the law has changed and professional merchants like Sim Vic won’t break the law and offer you cash for your banged-up vehicle. Don’t worry though, you won’t be waiting ages to receive money once you’ve traded your car.
Most legitimate dealers will have money transferred to your account as quickly as possible, so you won’t be waiting for weeks to receive funds. A reliable dealer will wire funds electronically into your bank account within a few short hours.
Some scrap metal companies use their own type of credit cards which you can register for if you bring the following to their offices.
- Photo ID (Driving License or Passport)
- Utility Bill (Within the last 3 months)
- The Vehicle
These types of cards are the closest thing a scrap metal dealer can offer you next to cash, the funds are transferred immediately, so you can use the card the moment you leave the yard.
When to Scrap Your Car
It is difficult to know when to scrap your car or try to fix it up, here are some things to consider:
- Age of Vehicle
- Structural Damage
- Mechanical Wear
If you think your car is beyond repair, why not scrap the vehicle and make some extra cash, it is a lot easier than you think.