As cars get older, they begin to cost owners more and more money. Not only might tax be higher as emissions rise or as guidelines change to ensure that older and less efficient cars are less appealing and therefore not always going to be major problem in terms of pollution, but many cars will also simply need more frequent repairs and may even breakdown more regularly, costing owners even more.
Furthermore, petrol consumption on certain older cars may not be as good as many newer and economically focussed models and therefore even the literal cost of running the car on an everyday basis might be far higher than it needs to be. When you add to this the disparity in insurance from one car to the next, certain car owners may end up paying a huge amount more for their car every year than they would if they bought themselves something newer.
And yet, once a car reaches a certain age, it will be worth next to nothing and, as such, the majority of owners will try and run such cars into the ground since they will not be able to get much money through selling it to put towards purchasing a newer car.
However, car scrap prices are rising, and when the amount one might get for a scrapped car is added to the amount one might save over the course of a year in reduced tax, insurance, maintenance and running costs, it may well be that, within a very short space of time, the money one saves completely pays for a much newer car and ensures that the owner has far fewer hassles to worry about in the process.
Whilst getting rid of old cars once cost the owner money, today, car scrap value can be quite significant and can be a good step towards one being able to afford something a great deal newer and a great deal less costly over time.