Vehicle Scrappage Policy: If you have an old car and are thinking about whether to scrap it in scrap or sell it. In such a situation, this news can be very special for you. Let us tell you that if you need more gold, you can choose the option according to your requirement. This is because there are advantages and disadvantages of selling and giving the old car for scrap. If the condition of the car is good, then it will not become a burden on your pocket. It can be sold. If the condition of the car is very good, then you will get a lot of money. If the condition is not right, then you can give it as scrap. Due to which you can get the benefit of some government discount on buying a new car. You can make your decision by reading this article.
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Is the condition of the car good?
If the condition of the car is very good, then its first advantage will be that by selling it as compared to scrap, you will get good money, due to which your travel work will not stop. You can make this decision by asking your family members or by selling the car to anyone.
Now let’s talk about the disadvantages of selling a car. If the condition of the car is not good, then the money will be less than expected. During this time, it can take a lot of time to find a buyer. Its ownership is transferred, and there are some paperwork processes as well. These processes happen two to four times. Now, suppose the condition of the car is not good at all, and no buyer is found, then the decision to give the car to scrap can be right.
Benefits of scrap
For information, let us tell you that by giving the car in scrap, you get less money than by selling it. If the body of your car is good, then you can compensate for something according to the weight. At present, by scrapping the car, the government gives a discount of up to 5 percent on the showroom price on buying a new car. Along with this, up to 25 percent of road tax can also be waived on buying a new car.
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Disadvantages of giving the car for scrap
The disadvantages of giving the car for scrap are that you get less money for it. This happens only when the condition of your car is very good. During this time, you can sell the car. If the condition of the car is suitable for driving and money is being spent, then do not give the car in for scrap at all.