All of the fluids from the automobiles are drained earlier than inserting it on the lot, and all of the leftover items of the automobile are crushed. The Car scrap metal is then sold to other businesses, the place the steel is then recycled. Fluids like oil, fuel, antifreeze, and so forth are recycled as properly. They not only assist to do away with your automotive, but recycle each leftover half effectively, thus serving to the environment at the identical time by reducing pollution and carbon emissions.
For instance, a automobile with an OMV of $30,000 could have an ARF of $34,000. Should you deregister the automobile after 10 years, your Preferential Additional Registration Charge (PARF) rebate will probably be $17,000 (50% of $34,000). The PARF rebate can be considered as your scrap worth at that point in time, since there is no such thing as a COE value left after ten years.
The Effect of “Cash for Clunkers” Program on the general Gas Financial system of Bought New Vehicles (PDF): An educational evaluation of the 2009 financial stimulus bundle targeted on upselling new autos by exchanging junk vehicles for a trade-in credit off the sticker worth of fuel efficient autos.
Kelley Blue E book: A free resource guide offering estimates on all new and used automobiles primarily based on their overall condition.
Do you know The place Your Junk Car Goes? (PDF): A fact sheet about where junk cars go after they are bought, traded in, or repoed from a monetary establishment.
Corporate Raiders and Junk-Car Sellers: Economics and Politics of the Merger Controversy (PDF): An abstract essay providing statistical information regarding the corporate takeover of the used automobile gross sales business.
Edmunds: One other free resource just like Kelley Blue Ebook that lets you appraise the worth of your vehicle, additionally features tips and recommendation.