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The hidden costs of owning a non-running car in South Africa
Are you struggling to keep a non-running car around? It's not just a piece of metal taking up space; it's a financial drain and a potential headache. The expenses can quickly pile up, from storage costs to unnecessary insurance fees and, in some cases, even fines.
Let’s unpack some of the unnecessary challenges caused as a result of a non-running car gathering dust in your backyard:
1. Storage fees and space limitations
A non-running vehicle must remain parked on your property or in paid storage. In many South African cities, parking spaces are limited, and leaving it on the street may result in theft, fines or complaints from neighbours.
2. Towing and transport costs
Moving a non-running car often requires towing. This can get expensive, especially if you need to move it regularly or take it for repairs. Towing distances in rural or remote areas can add up quickly, with costs increasing the farther you are from service centres. When you sell a non-running car to SYDC - we tow your car for you.
3. Depreciation and loss of value
A non-running car continues to depreciate even while it’s parked. With South Africa’s climate, prolonged sun exposure or rain exposure can lead to issues like rust, which lowers the car’s resale value. When you eventually sell it, you might get far less than you initially expected.
4. Maintenance costs due to inactivity
Stationary cars may experience issues like flat batteries, deflated tyres, and fluids that can leak or deteriorate. Fixing these issues later could make getting the car running again more expensive.
5. Insurance and licensing fees
Non-running cars are often still required to be licensed by the local traffic department. Although you may suspend comprehensive insurance, there are often licensing fees and third-party cover costs to consider. This can be an added burden if the car isn't in use.
6. Opportunity cost
The money you’ve tied up in a non-running vehicle could potentially be used elsewhere—invested, put towards a new vehicle, or simply saved. Instead, it’s locked in a depreciating asset that may cost you more in the long run.
7. Legal issues
Certain municipalities in South Africa have strict by-laws or homeowner association regulations regarding non-running vehicles on residential properties. You could face fines or be required to remove the car if it’s deemed an eyesore or not in compliance with local regulations.
Sell your damaged car
If the cost of repairs outweighs the car's value, selling it to a reputable company like us can be a wise decision. Get started with our super easy process and make money from your crashed car.
Sell Your Damaged Car is here to assist you every step of the way. We do all the complicated steps, like assisting with car documents, and you can finally say “adios” to your non-running car and walk away with cash.