What is the standard for vehicle scrap residual value?
3 Answers
Vehicle scrap residual value standard refers to the current price of the evaluated vehicle being equal to the replacement cost multiplied by the depreciation rate. Relevant content about scrap residual value is as follows: Definition: Vehicle residual value refers to the remaining use value within the specified reasonable service life of the vehicle. Evaluation methods: There are several methods for estimating vehicle residual value. According to national regulations, there are four methods: income present value method, replacement cost method, current market price method, and liquidation price method. Among these, the replacement cost method is the most fundamental and easiest to implement. Replacement cost is the minimum cost required to purchase a new vehicle identical to the one being evaluated. There are also two methods for calculating the depreciation rate, with the service life method being relatively simple: depreciation rate equals (1 - years used / specified service life) × 100.
I recently scrapped my old car, and I feel that the residual value standard mainly depends on the car's age and weight. For example, my small car, which was 18 years old, had already exceeded the national mandatory scrapping age. When I took it to the scrapyard, they said they would first weigh it and then calculate the price based on the scrap metal rate, which could fetch around 1,000 to 2,000 yuan per ton. If some parts of the car could still be dismantled, like the engine or air conditioning system that weren't completely broken, they could add a bit more money. Policies vary from place to place. I checked and found that big cities have higher environmental requirements, so cars that don't meet the standards have lower residual values. Remember to bring your vehicle license to a正规报废点 (official scrapyard) to handle the procedures, and avoid small workshops to prevent being scammed. Overall, the heavier the car and the shorter its age, the higher the residual value might be, but old cars generally don't fetch much. Saving up for a new one is more cost-effective.
When dealing with the residual value of scrapped old cars, there are several key factors to consider. First, check the vehicle's age – if it's over 15 years old, many regions require mandatory scrapping, resulting in naturally lower residual value. Secondly, the vehicle's weight determines scrap steel prices, with larger vehicles like SUVs potentially worth three to four thousand. The car's condition matters too – a functioning engine or salvageable parts can increase value. Local policies also play a role, as some cities offer subsidies to encourage phasing out old vehicles. For the process, start with officially certified recycling stations that assess weight and condition for pricing. Don't forget to deregister at the DMV to avoid issues. A friend recently scrapped a car with simple procedures – the residual value covered a meal. It's advisable to compare quotes from multiple providers in advance.
