Driving can be very costly to a car owner. You not only have to ensure that you have a valid, MOT and insurance certificate but also that you pay road tax and possible breakdown cover. On top of all of this, your car will need maintenance work doing to it from time to time and also repairs that may happen at any time (often when it is most inconvenient). If the cost of repairing your car becomes more than the value of it then you may be faced with the reality of having to scrap the vehicle as it is not worth repairing it. Prices for scrap metal can vary from day to day, so a price you are offered may change if you check it again a week later. If you do find a good offer it is worth asking if the offer will be honoured for a few days, this allows you time to check other companies.
You can often make money on scrapping a vehicle if you strip the car down and sell the parts individually. You can often even make a profit (if you bought the car cheaply) by doing this but you need to make sure you have somewhere off the road that you can store the vehicle and the time to do it.