How Much Can You Earn by Scrapping Your Car?

What is the Scrap Price of a Car?

The scrap Price of a car refers to the amount you receive when you sell your vehicle as scrap. This value is usually calculated as a percentage of the ex-showroom price of a new vehicle. Typically, this ranges between 3-6% of the ex-showroom price of a new car. The scrap value depends on several factors, such as the car's make, model, age, condition, and the market price of scrap materials.

Example: If you own a car that had an ex-showroom price of INR 10 lakhs, the scrap value you could receive would be around INR 40,000 to INR 60,000.

Factors Affecting Car Scrap Value

• Age of the Vehicle: Older cars generally have a lower scrap value. However, vintage or rare models might fetch more, depending on demand for their parts.
• Condition: Cars in any condition or those with valuable components (like engines, tires, and batteries) may receive higher scrap value.
• Metal Prices: Scrap value is influenced by the current market price of metals like steel, aluminum, and copper found in the car.
• Documentation: Having proper documentation like the Registration Certificate (RC), insurance, and Pollution Under Control (PUC) certificate can ensure a smooth scrapping process and may even fetch a higher price.

Discounts and Incentives When Scrapping Your Car

• Old Car Scrap Value Discount: You receive the scrap value, which is around 3-6% of the ex-showroom price of a new vehicle, as a discount. This discount can be used when purchasing a new vehicle.
• Government Incentives: In some states, the government offers additional incentives when you scrap your old vehicle and purchase an eco-friendly vehicle, such as an electric or hybrid car.
• Loyalty Bonus: Some manufacturers and dealers provide loyalty bonuses for scrapping an old car and buying a new one from the same brand.
• Exchange Benefits: You may also receive additional exchange bonuses from dealers if you opt to trade your old car for a new one.

Why Scrap Your Car with CarBasket?

• Authorized Recycling: We partner with authorized/registered scrappers and recycling centers, ensuring compliance with government regulations.
• Free Pickup Service: We offer a free vehicle pickup service, so you don’t have to worry about transporting your car to the scrapping facility.
• Transparent Valuation: Our experts provide a fair and transparent valuation based on the car's condition and the current scrap market value.
• Hassle-Free Documentation: We assist with all the paperwork and issuance of a scrapping certificate, ensuring a smooth and hassle-free process.

How to Calculate Your Car’s Scrap Value with CarBasket?

1. Contact Us: Reach out through our website or call us, and provide basic details about your vehicle, including make, model, and age.
2. Free Inspection: Our expert team will conduct a free inspection of your car to determine its scrap value.
3. Get an Offer: Based on the inspection, you will receive an offer for the scrap value. We ensure you get the best value for your car.
4. Schedule Pickup: If you accept the offer, we will schedule a free pickup at your convenience and any location (office/home/appartment).
5. Get Paid: Once the vehicle is picked up and processed, you will receive your payment(Cash/UPI/Bank) transfer along with the official scrapping letter.

Frequently Asked Questions (FAQs) for scrapping car

• Can I scrap my car without an RC? Yes, you can still scrap your car without an RC by providing alternative documents like insurance papers, road tax receipts, or an FIR report in case the RC is lost. At CarBasket, we guide you through the alternative documentation required. Click To Read Full Blog
• What documents are required to scrap my car? Typically, you need to provide the original RC, insurance policy, Pollution Under Control (PUC) certificate, and a copy of your ID proof. If you don't have any of these documents, our team can assist you in finding alternative solutions.
• How long does the car scrapping process take? The entire process, including inspection, valuation, and pickup, can be completed on same working day. At CarBasket, we prioritize speed and efficiency, ensuring you get the best scrap value as quickly as possible.