If you have bought a second hand vehicle and it breaks down you may wonder if it is worth repairing. If the vehicle is not worth a huge amount of money and the repair is going to cost a lot then you may find that you need to explore other options.

Scrap value for cars is often not much from £100 – £200 often dependant on the weight. For this, the vehicle will usually be taken away and crushed and the metal weighed in. If you have the time and the patience you may be able to recoup some of your loss but you need to have a place where you can store the vehicle off the road.

Firstly cancel you tax and insurance, this may save you some money per month. You can then start to look at what components on the car will be worth selling. Almost all parts of a vehicle can be worth something and if you have a place to store the parts and wait for the right buyer you can often make more than your money back.

You might be able to get £50-£70 for one engine part in perfect working order meaning anything else you sell will be profit over the scrap value.