Whether your vehicle has been damaged in an accident, failed its MOT or it’s no longer road worthy and you have a write off on your hands, trying to decide what to do for the best can be complicated. No matter how bad of a condition your vehicle is in, you may still be able to find a salvage buyer to take your vehicle, leaving you without the burden and with some extra cash in your pocket.
So, let’s take a look at salvage, what affects the value and how the process works, to give you more options to make an informed decision. We’ll also talk you through our quick and easy tool to finding an instant quote for your vehicle.
Why do salvage vehicles still have value?
The vehicle recycling industry is one of the largest in the world. Vehicles no longer sit deteriorating in scrapyards, piling up on top of each other and polluting the environment around it. So how do salvage vehicles still have value?
Firstly, they save money. Over 1 million cars are scrapped in the UK every year. Recycling metal costs a lot less money than processing new metals, that’s why there’s value in salvaged vehicles. In addition, metals like aluminium and steel can be reused over and over again while still be able to maintain its strength – impressive!
Secondly, it’s great for the environment. Certain car parts can be very harmful sources of waste which are damaging to the environment, such as tires for instance. When burned, they release dangerous toxins into the air. Also, when cars are left to rust and deteriorate, different fluids eventually end up seeping out from around the vehicle. For example, motor oil never breaks down, it just breeds more filth and can eventually leak out and contaminate the environment around the vehicle. Motor oil, tires and many other parts can be reused when cleaned and recycled correctly.
Why spend time and money producing new metals when you can recycle and reuse perfectly good salvaged metals, and save money and help the environment at the same time? That’s why salvage and scrap vehicles are great solution and why the industry is so huge today.
Salvage categories explained
When your vehicle has been in an accident or has just sustained some damage, it will be met against a criteria and put into a category to determine the next steps for that vehicle. If your vehicle has been written off or is past the point of repair. It will be assigned to either a Category A or Category B.
However, for vehicles that can be salvaged, categories N and S are used. These two categories are fairly new, having been introduced in October 2017.
- Category N – Previously known as Category D, this is a car that hasn’t experienced structural damage but still has an issue that isn’t economical for insurers to repair. For example, this could include problems with the steering or the brakes. However, if the faults or cosmetic damage is fixed by a salvage buyer, it could return to the roads.
- Category S – Previously known as Category C, this category covers cars that have structural damage and have been written off by an insurer due to the cost of the repairs needed. However, these vehicles can still return to the roads if repaired professionally, so are assigned Category S, which is considered a salvage category.
What affects the salvage value?
There are a number of factors that affect the salvage value of your vehicle. These include:
- The current price of scrap metal – this will fluctuate depending on the market
- Overall vehicle condition – this will determine what the salvage buyer can do with it.
- The demand for parts – the higher the demand the higher the value.
- The age and model – this will depend on the current market value, affecting vehicle worth.
For more detail on what affects the value of a salvaged vehicle, read our dedicated blog here.
How to calculate your salvage value
1. How do I get my free instant quote?
Simply input the car registration and postcode into the quote form and we’ll calculate the amount it’s worth and we’ll show you the best deals available from salvage buyers based on the details you provide.
2. Once I have a price will it change?
The price you are quoted is guaranteed, provided you have given the correct details. If the original information provided proves to be inaccurate the value of the vehicle may differ from original quote.
3. What happens next?
When accepting your quote, a member of our team will confirm the address for collection and your best contact details. We then pass on all the information you have given us, including any extra information onto your assigned collection agent. The collection agent will then call you to arrange time for collection to retrieve your vehicle. Once you’ve agreed a convenient time, a driver will be sent out to you. 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 car, the buyer will take your vehicle away.
4. How do I receive payment?
They will leave you with payment details which can be paid via a number of ways, cheque, cash or bank transfer, but this varies from company to company.
Get the best salvage quote
Whether your vehicle is a runner or a non-runner, damaged or written off, MOT’d, SORN or just scrap. Not only will we find a buyer for your car but we will guarantee the price, offer free collection for every vehicle and collect and pay for every car within 48 hours or arranging collection. Get your free instant quote today or get in touch with our team on: 023 8000 8800.
See what our customers have to say
The guys at BMS Salvage were very helpful and made everything straight forward. Didn’t realise how simply it could be…John Down, Birmingham
Great service and made the process really easy. They answered all my queries and got me a great price which was more than I thought I would get…Philip Wilson, Manchester
Excellent service, the car was collected and money paid into my bank within an hour. The full amount was transferred as quoted.Barry Cunningham, London
Quoted the best price and offered an excellent service, everyone I spoke to went above and beyond the make my experience as smooth as it could be, thank you.Dr Ian Locke, Leeds