How can I make money from an old or unwanted vehicle?

Whether your vehicle has been damaged in an accident, failed its MOT or is no longer road worthy, there are so many options to consider before getting rid of your vehicle. We’re here to help you find the best solution for you, give you all the information you need at your disposal and introduce a handy quote tool to give you free quotes at the click of a button. No matter the condition of your vehicle, you can be sure that you’ll still be able to find a buyer and get a price for it – a BMS Salvage guarantee.

Make money from an unwanted vehicle

What does a salvage vehicle mean?

A salvage vehicle is the title used for a car that has been declared a total loss or written off by an insurance company. Put simply, this means the car has either been in an accident or sustained some damage which has made repairing the vehicle cost more than the vehicle is worth. At this point, the insurance company would take ownership of the vehicle and the owner is paid for the car. However, that isn’t the only option you have at that stage.

Insurance companies can offer fairly low prices which is where companies like BMS Salvage come in. Rather than accepting the insurance companies offer, you can register a few details and with the click of a button you have lots of quotes to choose from, from buyers all around the country who want to buy your vehicle for salvage.

What are the salvage categories?

Salvage vehicles are split into four categories, depending on the type of damage it’s sustained, how well it has been repaired and the current working condition of the vehicle.

Category A – For vehicles that has sustained such serious damage that it should never return to the road.

Category B – Vehicles should never return to the road. The requirement with a Category B car is that the body shell should be crushed.

Category S – Previously known as category C, this category is for vehicles that have sustained some sort of structural damage, more serious than just a cosmetic issue.

Category N – Previously known as category D, this category is for vehicles that are deemed as having an issue that is not economical to repair.

Read more on salvage categories here.

Reasons people choose to salvage their vehicle

There are a number of reasons why people decide to sell their vehicle for salvage, whether it’s that it’s too expensive to repair, they really want to get rid it or they just need the extra cash. Sometimes there may not be much option with an old or unwanted vehicle, it may have reached the end of its life and the cost to repair the car is just not worth it when compared to the value of the car. 

Plus, choosing to sell your call for salvage is extremely convenient with lots of salvage and scrap companies operating around the country who do the hard work for you.

How does the BMS salvage process work? 

All we need is the registration number of the vehicle you want to scrap and your post code. Our handy tool searches through our extensive database to find the best quotes. When you accept the quote you’d like, an advisor will get in contact with you to talk through the details and confirm.

We’ll then pass on the information you have provided to the collection agent who will be collecting your vehicle. We have a maximum turnaround of 48-hours, so you know you won’t have to wait days for it to be taken. Plus, the collection is always free of charge and we carry out regular checks on all our collectors, to ensure they continue providing a great service. 

The collection agent will contact you to arrange the best time to come and take the vehicle and chat through any other queries or concerns you may have. Upon collection, you will need to fill out certain parts of the V5; the driver will help you with this and sign the document on behalf of the company. Once you are happy with the entire process and have got everything you need from your vehicle, the collection agent will take your vehicle away. 

How do I receive payment for my vehicle? 

The collection agent will leave you with payment which can be paid via a number of ways, cheque, cash or bank transfer, but this varies from company to company.

Does the process affect the environment?

A common thought to any vehicle recycling, be it scrap or salvage, is the affects it may have on the environment. We can assure you that it’s beneficial to the environment as it helps reduce emissions, responsibly recycles metals and repairs and reuses materials for other vehicles where possible. 

Instead of numerous cars being produced, the scrap and salvage industry recycles and reuses, keeping perfectly good vehicle parts in circulation. 

Where to get the best price

With an established network across the UK, BMS Salvage has its roots firmly set in the ground and commands the most competitive prices paid for crash damaged cars, insurance write offs and repairable vehicles. We won’t only source the best prices paid for these cars, but we’ll make sure that once a price is quoted that you get the best customer service and support up to and past the day that your vehicle has been collected.

We’ll ensure that payments are made in a safe method and that all relevant paperwork is processed efficiently. Get in touch with our team or use our free, instant quote calculator and see how much your damaged or unwanted vehicle could be worth.