Posts Tagged "eco friendly car recycling"

How Car Insurance Companies Determine the Salvage Value of a Vehicle

Posted by on Apr 1, 2017 in Blog, Scrap Car Removal Tips, Scrap Cars | Comments Off on How Car Insurance Companies Determine the Salvage Value of a Vehicle

How Car Insurance Companies Determine the Salvage Value of a Vehicle

After you’ve been in an accident, your vehicle may be declared a total loss if the insurance company determines that the damage is too extensive. This means if the amount of money required to make repairs to it are within 70 to 75% of its value, then the insurance company will declare the vehicle a total loss. However, even if the car has been declared a loss, its salvageable parts have value and the rest of the vehicle may still have value as scrap metal. How is the Salvage Value Determined? There is no set formula for determining a car’s salvage value because it can depend on the car’s make and model, as well as the amount of damage done to the vehicle compared to its original cost. While insurance companies don’t have a standard method of calculation, they often determine its salvage value based on whether it can be salvaged or whether it is considered a complete loss. Here is the method most insurance companies will use to determine a vehicle’s salvage value. Step 1: Finding out the vehicle’s market value prior to the accident. This value is determined by averaging the vehicle’s trade-in value with its wholesale value. Step 2 – The damage sustained to the car will be subtracted from its market value. This figure is the car’s final market value and it is determined by subtracting normal wear and tear, plus any prior damage that was on the vehicle. Step 3 – The percentage used by the insurance company to calculate damage. Most insurance companies use 75%, but the percentage can vary depending on the company. When the insured car owner decides to keep their vehicle, they will receive a partial settlement from the insurance company. Therefore, if the insured owner’s car had a final market value of $5,000 and the insurance company used a percentage rate of 75% to calculate damage, then the insured owner would be paid a settlement of $1,250. Otherwise, they would get a full settlement on the current market value of their car and the insurance company would keep it. The insurance company can then choose to sell it at auction if they think it has any value. The owner, once he has retained the right to his totaled vehicle, can also choose to sell his vehicle, but he made part it out or take it to a scrap metal company to sell...

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Should you Repair or Recycle your Car?

Posted by on Mar 24, 2017 in Blog, Car Maintenance Tips, Scrap Car Removal Tips, Scrap Cars | Comments Off on Should you Repair or Recycle your Car?

Should you Repair or Recycle your Car?

Purchasing a car is a very substantial investment that people make in their life. Once a car reaches a certain mileage you need to make a decision and find out if you want to invest in continuing to repair it or if the best thing you can do is send it out for recycling. In this article we are going to talk about what kind of things you should consider when you make that decision. There are many factors to take into consideration and the first thing you need to do is find out if the spare parts for your car are still widely available. If you happen to have a model that has discontinued spare parts you need to realize that it will hard for you to sell this vehicle for a good price and the next time it breaks down it could be the last. This is crucial and you might actually get more money for recycling it than you would for trying to sell it. The next step is to find out if you have done any critical repairs like replacing the timing belt after around 60,000 miles of use. If you don’t change this belt, you could end up with a destroyed engine if it snaps while you are driving. Make sure that you get that replaced as soon as possible if you don’t want to end up paying thousands of dollars for a new engine. You also need to consider how much gas you have to put on your car on a monthly basis. If the car is making you spend a lot of money on gasoline then you might want to consider recycling it and purchasing a vehicle that will save you more money in the long run. The older your car gets, the more it will consume gas and oil. These will also cause more pollution and environmental damage. There are some people who will do whatever it takes to keep their cars running for as long as possible, but the problem is that at a certain point a vehicle will start to have malfunctions in many of its parts and it will be like a chain reaction of issues that is going to cost too much money. You really need to consider getting a new car at this point and the best thing you can do with your current vehicle is get some cash for the parts and have it recycled. You will be helping the environment and also avoiding unnecessary expenses in repairs that are only going to prolong the life of your old car for a few months. When it breaks down for good, you have to make sure that you don’t leave it parked in a lot or at your yard because it will continue to pollute even when the engine is not on. Once you have recycled your car we suggest that you make sure that your next purchase is a car that has plenty of spare parts and qualified mechanics that can handle the repairs and replacements that your car might need in the future. This way you will be sure that your vehicle will last longer and you will be able to sell it for a good price if you decide to purchase a newer model. We need to be more conscious of the environment and recycling out old cars is a great way to avoid further damage to be done to our planet. Remember all of the points that we have mentioned in this article if you are currently thinking about what you want...

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Handling Scrap Cars in an Environmental-friendly way

Posted by on Jan 15, 2017 in Blog, Scrap Car Removal Tips | Comments Off on Handling Scrap Cars in an Environmental-friendly way

Handling Scrap Cars in an Environmental-friendly way

There comes a time when a car gets old and the owner acquires another one without disposing of the old one. The old one is thus left lying idle either due to mechanical problems or the better comfort offered by the new one. In such cases, the old car can turn into a scrap car. However, scrap cars, or junk cars, have some value and can be turned into cash without any threat to the environment. Junk car disposal If the car cannot be resold, it is responsible to find an appropriate way to get rid of it. One can take it to a scrap car yard, where they buy such old and unwanted cars. In such yards, they look at ways to recycle the old cars or dismantle them and use the separate parts for other constructive purposes. Other way to achieve junk car disposal is to call a junk car company. Most of these companies have customer contact centers that operate 24/7. The junk car companies will ensure that the unwanted car gets to the scrap car yard. They will offer free towing services from the location of the car to their yard. In effect, one will save the cost of taking the cars there by themselves. Depending on the scrap car owner, one can either decide to sell the car to a scrap car company at a cheap price or to give it out for free. Scrap car removal companies will buy cars in almost all conditions, with the amount of money paid to the owner depending on the state of the car. It is good to look for scrap car companies that provide cash on the spot after taking the car. Most companies actually have this policy. One can also choose to donate a scrap car. Since it is not always that the car will be in poor condition, the unwanted car can be donated to charities or passed down to a relative or a relative. The recipients will sort out any small mechanical problems that there may be. In case the car is being disposed of while in good condition, it will prove to be a useful asset mainly to charities that rely on such donations. Considering environmental impact The major reason why people transfer their cars to Scrap car removal companies, is in order to get rid of them in an ecofriendly way. The junk car disposal companies have experts who will offer advice on how to handle the cars. It is thus important to take this into...

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Types of Cars we buy
Salvage Car Removal
Scrap Car Removal
Auto Wreckers Service
Broken Car Removal
Cars with Missing Wheels

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