Are you planning to get a brand new car? Or are you tired of the old car model that you own? Most importantly, are you considering scrapping or exporting your car in the near future? When you have come up with a final decision regarding this matter, remember these things:
- Be Prepared All The Time
Did you know that once your car’s COE expires, you could no longer use it? This means that the car is no longer allowed to be on the road. Otherwise, you will be violation a law or regulation. Therefore, there is a need to determine the expiration date so that you will know when all the requirements must be prepared. Once you are already aware of the said date, make sure to make the necessary arrangements as soon as possible. The documents and other important tasks must be made before the expiry date.
- Prices May Vary Depending On Factors
The prices concerning scrapping your car may vary depending on several factors. The costs are affected by the supply and demand in the market. Another factor that can cause variation is the car model or type. Hence, you cannot expect the price to be the same for a long time. Knowing this can help you make an informed decision as to when is the best time to scrap or export your car.
- Exporting Can Be Beneficial Than Scrapping
As already emphasized above, the prices may vary because of different factors. Sometimes exporting your car can offer you higher benefits. When you do this, the car is sent to an exporter who will transfer it to another country. Thereafter, the car will be sold to another potential customer or buyer. As a result, you will get a good pay from the said transaction. In exporting the car, always look for the best exporters in the country. Find the company that you can trust.
- Should You De-Register Your Car?
There are advantages and disadvantages when you export your car or de-register it. If you are going to de-register it, there will be so much hassle as you need to go to the proper agency to facilitate the de-registration. But if you do this, you can get the full paper value of the car as well as the tax rebate. On the other hand, exporting it can be hassle free and completely efficient. All you need to do is to deliver the car to the exporter and expect them to do everything
- Not All Exporters Will Take Your Car
It is also important to note that car exporters have their own set of criteria that they look into when accepting cars for exportation. They consider the popularity of the car’s model, its demand in the market and its driving condition. Do not worry if your car does not qualify, all you need to do is to go to a proper scrapyard in Singapore. You can still get a good deal for scrapping your car as long as you know how to find a good company to help you with it. If you have decided that scrapping your car is the best option, then remember to look at the lifespan of your car. Make the arrangements before the expiry date. You need at least a month to process everything.
If you have any questions pertaining to scrapping your car, you can always approach a reliable scrap car dealer. Here at Scrap Car Singapore, we are your 1 stop scrap car dealer that deals with anything relating to scrapping your car. Feel free to ask us any questions if you have issues about scrapping or exporting your car.