How to dispose off a car with practically no resale value?

Su-47 · 6th June 2012, 16:13

Searched, but couldn’t find much on this topic, hence starting a new thread.

We have a 2001 Matiz in the family which gets used only for school pick-up (8 kms/day of total driving). With the young one insisting on school bus from this year, the usage would come down further. I’m wondering what to do with this car now:

I can try to keep using the car once a week and keep it running until it becomes too cumbersome/expensive. But, when the day comes, is there a procedure to “de-register” the car? After that, I presume I can sell it off as scrap. If I sell it as scrap, is it my responsibility to ensure that the car is unusable on the road?

Many Thanks,
Su-47

goandude · 6th June 2012, 16:27

go to the place opp Russell market and sell it for scrap. @ 22/kg they will give you a certificate of destruction.

jinojohnt · 6th June 2012, 16:39

The trouble is that the certificate of destruction is not a legally valid document.

If the scrap dealer sells it off to someone who keeps driving it (without papers or with forged papers), you would be held responsible by the RTO. You need to get 'permission' from the RTO to sell it off to the scrap dealer and then 'register' the 'sale' at the RTO by submitting the receipt from the scrap dealer.

I got this info from an agent some time back, not sure about the full procedure.
If you want to simply sell it off to scrap, atleast make sure that the engine number / chassis number on the car is erased.

GTO · 6th June 2012, 16:43

You could donate the car to a charitable organisation / NGO that might use it for a noble cause. Sample Link

nandans2005 · 6th June 2012, 16:45

hey Su,

why do you want to do this at all ? why dont think of preserving the car ? why cant you have it, it may fetch you a very good price after sometime as an antique! think over !

OR

if you prefer to go as per GTO's suggestion, i know a very good charitibale trust which is doing a great job with the spastic kids. Let me know, i can put you on to them.

greenhorn · 6th June 2012, 16:48

if you want so scrap it, you'll get pointers here
http://www.team-bhp.com/forum/indian...ping-cars.html

SmartCat · 6th June 2012, 17:03

One man's garbage is another man's gold. Sell the car for whatever it is worth.

Su-47 · 6th June 2012, 17:06

Quote:

Originally Posted by nandans2005

why do you want to do this at all ? why dont think of preserving the car ? why cant you have it, it may fetch you a very good price after sometime as an antique! think over !

It is occupying precious parking space, which someone else in the apt. can use.

Sure, can think about donating it as well. But, would think that the NGOs would want a car that is easy to maintain and run.

Greenhorn, thanks for the link, very informative!

Mpower · 6th June 2012, 17:06

Know someone who recently bought a Matiz for 65K. Thats not a bad price!

Guna · 6th June 2012, 17:58

Quote:

Originally Posted by Su-47

I’m wondering what to do with this car now:

Quote:

Originally Posted by Mpower

Know someone who recently bought a Matiz for 65K. Thats not a bad price!

@Su-47, can you mention the condition and the odometer reading of the car. From what you have mentioned, it is in a good working condition and how did you conclude that it has no resale value? Like Mpower has mentioned 65 k (or even 40-50) is a good price

noopster · 6th June 2012, 18:03

This is an interesting dilemma. I have a 2006 petrol Swift that is still in very decent condition (touch wood!) Lately have been toying with the idea of upgrading to a bigger diesel vehicle but the resale price quoted is terrible! I would rather retain the car but who has the space to park it, not to mention the burden of petrol prices!

One option I can suggest: if you have a relative you are particularly fond of, you can think of gifting it to them to use. My nephew will turn 18 in a few years and am toying with the idea of running it till then and doing this. Don't know whether it makes sense but I'd rather someone needy used it rather than it going into the hands of greedy dealers!

Edit: GTO's idea is also fantastic. Need to check with a couple of charities that I am close to. Thanks!

Guna · 6th June 2012, 18:37

Another idea is to use it/donate to engineering institutes (or even amateur innovators) who need a car shell/body for projects such as converting to electrical/solar car. Matiz will make a nice platform for such projects

mayuresh · 6th June 2012, 18:52

Could it be useful to training institutes for mechanics (such as Govt run Industrial Training Institutes etc) for their practical lessons?

neofromcapone · 6th June 2012, 18:57

@Su-47, I find GTO's option the best, 2nd would be selling it of to some used car dealer/
2rd option is Our Own Giveaway Thread

download2live · 6th June 2012, 19:18

^^
That will be the pinnacle of the giveaway thread.
Someone willing to give away a car.

But on serious note,
1. Gift it to some young relative. Will help him a lot in dating business.
2. Sell it for whatever you can get for it.
3. Donate it to charity.

Do not scrap it.
Please.

6th June 2012, 16:13	#1
Su-47 BHPian Join Date: Aug 2006 Location: Bangalore Posts: 692 Thanked: 340 Times	How to dispose off a car with practically no resale value? Searched, but couldn’t find much on this topic, hence starting a new thread. We have a 2001 Matiz in the family which gets used only for school pick-up (8 kms/day of total driving). With the young one insisting on school bus from this year, the usage would come down further. I’m wondering what to do with this car now: I can try to keep using the car once a week and keep it running until it becomes too cumbersome/expensive. But, when the day comes, is there a procedure to “de-register” the car? After that, I presume I can sell it off as scrap. If I sell it as scrap, is it my responsibility to ensure that the car is unusable on the road? Many Thanks, Su-47 Last edited by GTO : 6th June 2012 at 16:42. Reason: Interesting thread. Lets focus on the thread topic : That is, no resale
	(1) Thanks

6th June 2012, 16:27	#2
goandude Senior - BHPian Join Date: Jul 2007 Location: Mysuru Posts: 1,763 Thanked: 1,284 Times	Re: How to dispose-off a car with practically no resale value? go to the place opp Russell market and sell it for scrap. @ 22/kg they will give you a certificate of destruction. Last edited by Technocrat : 6th June 2012 at 22:55. Reason: Please avoid quoting a long post specially when its on same page, thanks
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6th June 2012, 16:39	#3
jinojohnt Senior - BHPian Join Date: Aug 2009 Location: Trivandrum Posts: 1,124 Thanked: 794 Times	Re: How to dispose-off a car with practically no resale value? The trouble is that the certificate of destruction is not a legally valid document. If the scrap dealer sells it off to someone who keeps driving it (without papers or with forged papers), you would be held responsible by the RTO. You need to get 'permission' from the RTO to sell it off to the scrap dealer and then 'register' the 'sale' at the RTO by submitting the receipt from the scrap dealer. I got this info from an agent some time back, not sure about the full procedure. If you want to simply sell it off to scrap, atleast make sure that the engine number / chassis number on the car is erased. Last edited by jinojohnt : 6th June 2012 at 16:43.
	() Thanks

6th June 2012, 16:43	#4
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 70,559 Thanked: 300,923 Times View My Garage	Re: How to dispose off a car with practically no resale value? You could donate the car to a charitable organisation / NGO that might use it for a noble cause. Sample Link
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6th June 2012, 16:45	#5
nandans2005 BHPian Join Date: Oct 2009 Location: Bangalore. Posts: 640 Thanked: 42 Times	Re: How to dispose off a car with practically no resale value? hey Su, why do you want to do this at all ? why dont think of preserving the car ? why cant you have it, it may fetch you a very good price after sometime as an antique! think over ! OR if you prefer to go as per GTO's suggestion, i know a very good charitibale trust which is doing a great job with the spastic kids. Let me know, i can put you on to them. Last edited by nandans2005 : 6th June 2012 at 16:48.
	(1) Thanks

6th June 2012, 16:48	#6
greenhorn Senior - BHPian Join Date: Apr 2007 Location: KL-01 Posts: 7,746 Thanked: 4,403 Times View My Garage	Re: How to dispose off a car with practically no resale value? if you want so scrap it, you'll get pointers here http://www.team-bhp.com/forum/indian...ping-cars.html Last edited by greenhorn : 6th June 2012 at 16:49.
	(3) Thanks

6th June 2012, 17:03	#7
SmartCat Team-BHP Support Join Date: Jun 2007 Location: Bangalore Posts: 6,431 Thanked: 42,981 Times View My Garage	Re: How to dispose off a car with practically no resale value? One man's garbage is another man's gold. Sell the car for whatever it is worth.
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6th June 2012, 17:06	#9
Mpower Senior - BHPian Join Date: Mar 2005 Location: Bangalore Posts: 10,409 Thanked: 1,730 Times View My Garage	Re: How to dispose off a car with practically no resale value? Know someone who recently bought a Matiz for 65K. Thats not a bad price!
	(1) Thanks

6th June 2012, 18:03	#11
noopster Distinguished - BHPian Join Date: Feb 2010 Location: Pune Posts: 9,238 Thanked: 12,904 Times View My Garage	Re: How to dispose off a car with practically no resale value? This is an interesting dilemma. I have a 2006 petrol Swift that is still in very decent condition (touch wood!) Lately have been toying with the idea of upgrading to a bigger diesel vehicle but the resale price quoted is terrible! I would rather retain the car but who has the space to park it, not to mention the burden of petrol prices! One option I can suggest: if you have a relative you are particularly fond of, you can think of gifting it to them to use. My nephew will turn 18 in a few years and am toying with the idea of running it till then and doing this. Don't know whether it makes sense but I'd rather someone needy used it rather than it going into the hands of greedy dealers! Edit: GTO's idea is also fantastic. Need to check with a couple of charities that I am close to. Thanks! Last edited by noopster : 6th June 2012 at 18:05.
	(2) Thanks

6th June 2012, 18:37	#12
Guna Senior - BHPian Join Date: Nov 2007 Location: Bangalore Posts: 4,014 Thanked: 4,208 Times	Re: How to dispose off a car with practically no resale value? Another idea is to use it/donate to engineering institutes (or even amateur innovators) who need a car shell/body for projects such as converting to electrical/solar car. Matiz will make a nice platform for such projects
	(11) Thanks

6th June 2012, 18:52	#13
mayuresh BHPian Join Date: Sep 2011 Location: Pune Posts: 443 Thanked: 374 Times	Re: How to dispose off a car with practically no resale value? Could it be useful to training institutes for mechanics (such as Govt run Industrial Training Institutes etc) for their practical lessons?
	() Thanks

6th June 2012, 18:57	#14
neofromcapone BHPian Join Date: Nov 2007 Location: Bombay Posts: 413 Thanked: 439 Times	Re: How to dispose off a car with practically no resale value? @Su-47, I find GTO's option the best, 2nd would be selling it of to some used car dealer/ 2rd option is Our Own Giveaway Thread
	(1) Thanks

6th June 2012, 19:18	#15
download2live Senior - BHPian Join Date: Feb 2010 Location: - Posts: 1,147 Thanked: 1,144 Times	Re: How to dispose off a car with practically no resale value? ^^ That will be the pinnacle of the giveaway thread. Someone willing to give away a car. But on serious note, 1. Gift it to some young relative. Will help him a lot in dating business. 2. Sell it for whatever you can get for it. 3. Donate it to charity. Do not scrap it. Please.
	(3) Thanks