Thursday 26 February 2009

Credit Crunch leads to rise in Abandoned Cars

Over the winter period we are set to see a rise in abandoned cars. Like many other things at the moment this increase and predicted increase can be traced to the credit crunch. The credit crunch has seen a drop in the value of scrap metal. This means car dismantlers can’t get much money from scrapping the cars.

People tend to be willing to dispose of cars correctly when then can get a high price for their scrap car or dealers are willing to recover and dispose of the vehicle for free. Small dismantling operations are finding it harder to recover the costs of dismantling and collecting cars from the owners.
The solution for many car owners who aren’t willing to pay for the car to be taken away is to abandon it. We have seen an increase in recent months as prices of scrap metal drop. Councils are managing to cover these costs through the use of fines but small dismantling businesses are experiencing troubles at this time.

One company that still offers an alternative in the Nottingham area is Megavaux. Their scrap scheme offers to take your vehicle and complete the ELV cycle for free. The ELV refers to the End of the Life of a Vehicle and is a directive that means the vehicle is broken down correctly and all useable parts are recycled and harmful fluids drained. Megavaux is an Authorised Treatment Facility so you can be ensured of a professional service.

So while costs of metal are still falling, don’t abandon your car, contact Megavaux to Scrap your Car