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Places where they pay to scrap cars?

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  • jaydeeuk1
    jaydeeuk1 Posts: 7,714 Forumite
    Debt-free and Proud!
    I *could* see this sort of thing working on a popular car, such as a fiat panda active, where to buy the car is about £5000 with scrappage. Cars for sale on autotrader with 11 miles on are 5750. So you could make £500 allowing for £250 off price. But it will involve waiting many weeks for the car, and for £500 profit (at most). Is it really worth it?
  • ACID
    ACID Posts: 1,209 Forumite
    stay on topic pleasE? lol

    ill try ebay as last resort because of fees

    but looking at spare non runners its not going for much
  • flea72
    flea72 Posts: 5,392 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Give me an example of the sort of figures you have in mind - lets say the new car being bought is £10,000, so you pay £8,000 and give your old car in under the scrapage scheme. How much do you predict the dealership will immediately buy the car back from you for given that you've paid them £8,000 for it?


    most dealers are offering a flat rate incentive of £500

    the main crux though, is whether you could get more cash in your pocket by following this route, rather than just scrapping your car

    if a scrappy offers you £100 for your car, anything over and above that offered by a dealer, should be viewed as a good deal

    however, alot of people took the initiative themselves and sold on their new car privately, resulting in quite a bit of profit (some walking away with nigh on the scrappage discount in their pocket)


    but back OT, as the OP isnt eligible for scrappage, then i would go with the suggestions to put it on ebay, as thats were most breakers trawl to find stock
    F
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