If you've got an older vehicle that you're looking to get rid of, scrapping it at a local junk yard can be a great option. By scrapping your car, you can get it off your hands while also receiving some cash for the scrap metal and other parts. Before you approach a scrapper with your junk car, however, you should be aware of some common mistakes to avoid that could cost you your hard-earned money.

Paying to Tow Your Own Car

If your car doesn't run, that doesn't mean you can't get cash for it at a scrap yard. However, you'll need to make arrangements to get your non-working car to the yard itself. Most reputable scrap yards these days will offer free towing, so don't make the mistake of paying for your own towing, which can be expensive.

Scrapping the Entire Vehicle

More than likely, there are some parts of your vehicle that would be worth selling separately, rather than scrapping, as a means of maximizing your profit. For example, if your car still has a decent working radio, you might as well remove it and try to sell it privately. More than likely, you'll be able to find a buyer for it. Yes, it'll take a little more effort on your part to sell, but why scrap something that still works perfectly fine?

Failure to Check Scrap Metal Prices

Scrap metal prices fluctuate greatly from time to time, so it's always a good idea to check current values of scrap metal before you decide to sell your car to a junk yard. If prices are low, you might want to consider hanging onto the car for a little longer until prices bounce back up. If prices are high, then you'll want to act fast and scrap your car before values fall back down again; it can be a volatile market, after all.

Not Complying With Regulations

Last but not least, understand that states have their own regulations and laws in place when it comes to scrapping vehicles. These regulations are in place to protect the environment. Make sure you're aware of these laws and that you comply with them fully. For example, you may be required to remove any oil, fuel, or other fluids from your vehicle before it can be scrapped. Be sure to contact the scrap yard ahead of time to find out what you need to do to remain in compliance.

For more information, contact a company like TVM Recycling.

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