Paying cash for cars is part of a vehicle recycling process that disarms derelict cars for spare parts or scrap metal. The exchange of cash for cars has since become a fair trade in the automotive industry to promote environmental protection and social responsibility.
Video Cash for cars
United States
In the United States, the US Vehicle Vehicle Recycling Partnership (VRP) LLC Council for Automotive Research (USCAR) sees the right management for end-of-life vehicles in the United States in particular, and the continent of North America in general. In 1991, USCAR VRP - which includes DaimlerChrysler Corporation, Ford Motor Company, and General Motors Corporation - began its intensive campaign to maximize vehicle recycling in the United States.
Currently, more than 95 percent of all vehicles in the United States go through market-driven recycling infrastructure, at no additional cost or taxes to customers. More than 75 percent, by weight, of every end-of-life vehicle (ELV) is recycled.
With American cars taking a proactive stance in the efforts of government and private industries on vehicle recycling, cash-for-car trading has become more profitable than ever. There are a number of internet-based companies that have evolved to handle the end-of-life vehicle market, advertising themselves as the last step "Fast, easy and convenient" in the automotive life cycle.
This simple process is very beneficial to the environment and even more beneficial to the customer (seller of ELV). In cash for car trading, the amount of garbage cars will vary greatly based on the car year but averages ranging from $ 150 to $ 500.
In 1976, Hughes v. Alexandria Scrap Corp. is debated before the United States Supreme Court. It was the result of creating a program in Maryland relating to the purchase of junked cars and paying prizes to licensed scrap processors who had redeemed cash for cars carrying license plates. The issue on the table is to determine whether such a program, provided to impose stricter documentation requirements on processors outside of the state, the Constitution is discriminated against or burdened by inter-state trade on car dealers who redeem cash for cars that have been created are not working. This case effectively benefits the State.
Maps Cash for cars
Canada
In early 2009, a voluntary program, called Retire Your Ride, was launched by the Government of Canada to encourage motorists across the country to release their old vehicles that emit pollutants. A total of 50,000 vehicles produced in 1995 or previous years are targeted for permanent pensions.
In collaboration with the Clean Air Foundation and community stakeholders, the program creates cash incentives for cars for vehicles that are traded and prepared for recycling. When your Retire Your Ride campaign ended in March 2011, more than 130,000 vehicles have retired under the program.
United Kingdom
Between 2009-10, the United Kingdom introduced a scrappage incentive scheme that paid GBP2,000 in cash for cars registered on or before August 31, 1999. The high payouts are to help old vehicle owners buy new and less polluting ones.
In the UK, the term cash for cars is also related to the purchase of cars immediately for cash from car purchase companies without the need for advertising.
European Union
Within the European Union, the EU Commission operates on the End of Vehicle Manual, which is directed at reducing waste arising from ELV. Players in the automotive industry also receive cash payments for cars and all other ELVs, as a waste minimization scheme with multilateral benefits.
Australia
In Australia, the term cash for cars is also synonymous with car removal. Only in Victoria, the company must obtain LMCT and other relevant processing licenses prior to the procurement of vehicles. Some time is required to check every vehicle history and Afterwards it can be processed for destructive and recycling purposes. Cash Services For Cars and Car Service are required for cars that come at the end of their street life.
References
Source of the article : Wikipedia
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