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How best to get rid of your old car

If you are lucky enough to be one of the millions of motorists who are currently buying new cars, you may have already faced this dilemma: how do you dispose of your old car? It wasn’t so long ago that the answer was simple: you just traded in the old car when you bought a new one. Now, however, the motoring press is full of advice against a trade in, suggesting that you will get very bad value for your old car if you go down this route.

If you are lucky enough to be one of the millions of motorists who are currently buying new cars, you may have already faced this dilemma: how do you dispose of your old car? It wasn’t so long ago that the answer was simple: you just traded in the old car when you bought a new one. Now, however, the motoring press is full of advice against a trade in, suggesting that you will get very bad value for your old car if you go down this route. That leaves a choice of selling it or scrapping it.

All the statistics say that if you sell your car privately you will get more money than selling it to a dealer. This may be true but there are some issues involved that mean you will have to be careful. The first thing to decide is where to advertise your car. Local papers and well-known national specialist listings magazine are a good bet but they will charge you for advertising. If the car doesn’t sell immediately, you are exposed to ongoing charges, which will soon erode the benefit of selling the car privately. The buyer will probably want a test drive, so what is the insurance situation? Is he properly insured to drive your car? Is it just third party cover? Who will pay for damage to your car or even just the excess if something goes wrong?

Selling your car privately can clearly be problematic, not to mention the hassle of arranging appointments and hanging around waiting for people to show up. Many people dislike haggling and are rightly nervous about handing a complete stranger the keys to their car for a test drive. This is where the new breed of company who promise to buy any car comes in. These companies will quickly buy your car for an agreed price. Be is dependee aware, however, that this pricnt upon an inspection and usually also having at least one month of road tax and MOT remaining. Often you also need two sets of keys.

For the banger or the non-runner, scrapping the car may be more realistic. There are now a number of organisations who will buy your car for scrap and collect it from you. This can be convenient but do be wary. The rules of buying a car for scrap have changes and it is illegal for dealers to pay cash for a scrap car. If selling for scrap it is vital that you notify the DVLA to avoid liability for any future issues with the car.

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