If you’re looking to get rid of a car that’s no longer roadworthy, you may have come across the terms “scrap” and “salvage.” These terms refer to two different ways of disposing of a vehicle, and they can significantly impact how much money you receive for your car. In this blog post, we’ll take a closer look at the difference between scrap and salvage cars and the yards that deal with them.
salvage v/s Scrap – what’s the difference
Scrap cars
Scrap vehicles are no longer roadworthy. It means they have reached the end of their lives, and it is not worth repairing them. Therefore, It will be removed from the market and out of circulation before being broken down, crushed in scrap yards, and sold based on the weight of the materials.
Salvage cars
Salvage vehicles still have some value. These vehicles are also not economical to repair. Alternatively, it could be a car with a major component failure, such as the engine or
bad transmission, or something with a slew of minor flaws that add up to a large bill and a major headache for you. It means that the vehicle has been damaged in some way, either in an accident or over time, making repairs more expensive than it is worth. At this point, the owner would have decided that the car is not cost-effective to repair and would be looking to sell it as salvage or “spares or repair.” In a nutshell, scrap cars are of lesser value than salvage cars to buyers. Salvage cars can be made roadworthy again.
Scrap and salvage yards are two types of businesses that deal with different types of vehicles. Scrap yards specialize in buying and processing scrap metal, including scrap cars. They typically pay based on the vehicle’s weight, with heavier vehicles commanding a higher price. Salvage yards, on the other hand, specialize in buying and selling salvage vehicles, including salvage cars. They typically pay more for salvage vehicles than scrap yards, as they can make a profit by selling the usable parts. One important thing to note is that not all scrap yards and salvage yards are created equal. Some yards may have a better reputation for paying fair prices or providing good customer service. If you’re looking to sell your scrap or salvage car, it’s a good idea to research and shop around to find the best yard for your needs.
Scrap v/s salvage- how much can I get?
The price ultimately depends on the vehicle, whether scrapping or salvaging a car. In salvaging a car, you may get more money as it can be repaired and made road-worthy again. However, this depends on the repair cost versus the value of the vehicle. Making a profit from scrap vehicles will depend on various factors, including age and condition, but the vehicle’s weight will determine the overall price of the scrap car. Considering scrap and salvage together makes you more likely to profit from salvaging. That being said, they are both excellent choices depending on the situation you and your vehicle are in.
What is the difference between scrap and salvage for buyers?
As a buyer, if you’re looking at a salvage vehicle, you’re looking at one with good parts that could even be driven again. This is an excellent investment opportunity. A scrap car only considers the vehicle’s weight, which determines how much you will pay for the scrap or make from
selling the car.
Benefits of selling to a scrap yard or a salvage yard
The benefit of selling a car to a scrap yard or a salvage yard depends on the vehicle’s condition and the owner’s goals for selling it.
Benefits of selling to a scrap yard:
- Quick and easy way to dispose of a car that is no longer roadworthy.
- Still get some value out of the vehicle based on its weight and the current market price for scrap metal.
- Helps to free up space in your driveway or garage.
Benefits of selling to a salvage yard:
- Get a higher price for a car that still has usable parts and could be repaired.
- Helps to ensure that used parts are recycled and put to good use, which is good for the environment.
- Can help support repair shops or individuals who need vehicle parts.
Overall, the benefit of selling a car to a scrap yard or a salvage yard is that you can get some value out of a vehicle that is no longer roadworthy or needed. By choosing the right yard for your needs, you can get the best price for your car and ensure that it is disposed of responsibly.
What should I do if I want to scrap or salvage a car?
A salvage car has been in an accident or damaged to the point where the insurance company has declared it a total loss and unfit for road use. In most cases, the cost of repairing the vehicle to make it roadworthy again outweighs the value of the car, forcing the owner to dispose of it. The insurance company will frequently send the vehicle to a company specializing in salvage cars, such as Cash For Cars. Salvage cars are usually less than ten years old, so their parts are in better shape to be repaired or shipped out for resale.
Cash For Cars Sydney is in a good position to assist you with your vehicle and can advise you on the best course of action. You will receive a quote without having to haggle in seconds. Contact us if your vehicle is scrapped or salvaged, and we will assist you in getting rid of it.
