If you own a car in Singapore, you know how expensive it can be to maintain it and renew its Certificate of Entitlement (COE) every 10 years. When your COE is up, you have three options: renew it, deregister your car and buy a new one, or sell your car to a scrap car dealer Singapore. In this blog post, we will explore the benefits of the third option and why it might be the best choice for you.
Selling your car to a scrap car dealer is a hassle-free and convenient way to get rid of your old car and earn some cash in return. Scrap car dealers are licensed by the Land Transport Authority (LTA) and they will handle all the paperwork and logistics for you. You don’t have to worry about finding a buyer, negotiating the price, or transferring the ownership of your car.
One of the main benefits of selling your car to a scrap car dealer is that you can get a high quote for your car based on its make, model, condition, and remaining COE value. Scrap car dealers will assess your car and offer you a fair and competitive price that reflects its market value. You can compare different quotes from different dealers and choose the one that suits you best. For example, if you have a Toyota Corolla with 6 months left on its COE, you can expect to get around $10,000 from a scrap car dealer. If you have a Honda Civic with 3 months left on its COE, you can expect to get around $8,000 from a scrap car dealer.
Another benefit of selling your car to a scrap car dealer is that you can get cash in return for your car. Scrap car dealers will pay you in cash or cheque on the spot once they collect your car. You don’t have to wait for weeks or months to receive your payment. You can use the cash for whatever purpose you want, such as buying a new car, paying off debts, or saving for a rainy day. For example, if you sell your car for $10,000, you can use that money to buy a new COE for another car, which costs around $40,000. Or you can use that money to pay off some of your credit card bills or loans. Or you can save that money for an emergency fund or a vacation.
Selling your car to a scrap car dealer is also an environmentally friendly option. By scrapping your old car, you are reducing the carbon footprint and pollution caused by driving an inefficient and outdated vehicle. You are also contributing to the catalytic converter recycling of metal and other materials that can be reused for other purposes. For example, by scrapping your old car, you are saving about 1 tonne of carbon dioxide emissions per year. You are also helping to conserve natural resources such as iron ore and copper that are used to make new cars.
In conclusion, selling your car to a scrap car dealer in Singapore when COE is up is a smart and beneficial decision that can save you time, money, and hassle. You can get a high quote and cash in return for your old car, while also doing your part for the environment. If you are interested in selling your car to a scrap car dealer, contact us today for a free quote and fast service.