Scrappage scheme brings boost for car buyers.

Towards the end of last year and over the winter, the uk car industry saw a sharp drop in sales. The sales slump was so severe, many manufacturing plants and production lines had to hours, wages and in some cases staff. The car scrappage scheme originally conceived in Germany was suggested as a solution to the problem.

The idea was if your car was older than 10 years you can scrap it and receive money of a new greener car. It seems many have seen this as an incentive as although car sales are still falling the rate at which they are falling is at its slowest rate for many months.

Generally these new scrappage customers are buying small cars and for many this is first new car. Whether this is a sign that the economy is picking up, probably won’t be known for a while but for now the car industry is certainly doing better.

So what is involved in scrapping a car?

Cars are generally taken to an authorised treatment facility and drained of harmful fluids then any recyclable materials are removed for recycling and the car is taken to be crushed for scrap metal. The owner is then given an end of life certificate or ELV. If you are interested or need to scrap your car then contact Megavaux for more information.

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