Calculation of Vehicle Scrap Residual Value
3 Answers
There are four methods: the income present value method, the replacement cost method, the current market price method, and the liquidation price method. The current price of the evaluated vehicle = replacement cost × depreciation rate. Depreciation rate = (1 - years used / specified service life) × 100%.
Last month I just disposed of my 15-year-old sedan, and calculating the scrap value is actually quite particular. It mainly depends on the weight of metal materials - my 1.5-ton car was valued at over 2,000 yuan based on current scrap metal prices. The vehicle condition also matters; for example, if the catalytic converter was removed, they deduct about 800 yuan, while a good battery can be worth 300. The disposal method makes a big difference too - sending it directly to a dismantling plant can get you about 800 yuan more than selling to used car dealers. I recommend first checking the minimum compensation standards specified in the 'Regulations on the Recycling of End-of-Life Vehicles', then comparing prices at several authorized recycling points, and finally keeping the scrapping certificate properly.
Last month, I helped my neighbor in our community research this when scrapping their vehicle. The residual value is basically calculated based on the market price of scrap metal. The total weight of iron sheets and engine for an ordinary sedan ranges from 1.2 to 1.8 tons, with the price per ton fluctuating according to market conditions. Special attention should be paid to the five major assemblies, as components like the transmission can be priced separately. There used to be subsidies based on vehicle model and brand, but these have been discontinued after policy adjustments. It's best to remove and sell any intact parts yourself before scrapping, such as aluminum alloy wheels - four of them can fetch 400 yuan, which the recycling plant won't include in their calculation.
