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sell or scrap

nickj_2
nickj_2 Posts: 7,052 Forumite
i have a 1998 renault scenic , next week i'm picking up a newer mk2 scenic , i know the isn't worth anything , but it has been uber reliable , fully serviced , and new tyres , brakes and cam belt last yearr , if i wasn't getting such a good deal on new car i would have kept it for a few more years , so the question is whether to sell or scrap , any thoughts ?

Comments

  • ElkyElky
    ElkyElky Posts: 2,459 Forumite
    edited 25 March 2011 at 9:43PM
    Sell, definitely. No point scrapping a perfectly good and usable car! You may think it's a pile of worthless junk but to someone else it could be a life line. If you scrap it, the scrap yard will see it runs perfectly and will probably just resell it while making a good few hundred quid.

    Edit: To many people (inc me), it's not about what the car looks like but rather how reliable and well it runs. Having the cam belt replaced a year ago makes it even more attractive for people with smaller budgets. Look on eBay, autotrader etc for the car with a similar age/mileage and see what they are selling it for and use to help you decide what price you'd sell it for.
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  • BM-AK
    BM-AK Posts: 106 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    edited 25 March 2011 at 11:29PM
    Yes, i agree, definetely worth attempting to sell it.

    When I got a new car, I tried to PX in our 1994 VW Golf (which was a well looked after car) but the dealer refused to take it in. I was then thinking of potentially scrapping or even breaking for parts (as this can sometimes also work out) however, everyone told me to stick some For Sale signs up on the window and park the car on the street and see what happens. I did this one evening and the next evening I had a buyer turn up ready to buy.

    There is definetely many people out there that prefer buying older cars. I guess its probably because they are a lot more easier to maintain yourself and often cheaper to buy parts for.

    You can get a valuation of your car based on mileage, condition and spec of the car via What Car's website and clicking on 'Free Valuations'. I used this to set the price when I sold my old car.

    Hope this helps
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