Cars24 launches its vehicle scrapping policy, offers up to Rs 1 Lakh in return, All details here

Cars24: Local autotech business CARS24 promised clients up to Rs 1 lakh in scrap value when it introduced a new car scrapping programme in Delhi-NCR on Wednesday. By providing a full solution for automobile owners to trash their vehicles, profit from their Certificate of Deposit (COD), and support environmental conservation, the initiative seeks to change the car scrapping industry in India. Read on to learn more about this policy.

Cars24's vehicle scrapping policy

Cars24 has teamed up with scrap yards for registered vehicles all throughout India. The entire procedure is supposed to be easy to follow, smooth, and just take a few minutes to finish. Depending on the car's scrap value, the company promises to give the best scrap value for vehicles between Rs 30,000 and Rs 1 lakh.

Car owners are not required to pay a registration fee if they intend to buy a new car. Owners can reduce road tax by up to 25% with the Certificate of Deposit, saving them up to Rs 50,000 or more on a new automobile. According to Cars24, this programme can help clients save up to Rs 2 lakh on new cars.

In addition, the owner can sell the Certificate of Deposit for a respectable sum of up to Rs 1 lakh if they choose not to buy a new car. Owners will have the choice to buy Certificates of Deposit directly through Cars24's website.

Why is scrapping important?

An impressive 3,300 kg of hazardous emissions are reduced annually when a single vehicle is scrapped; industry data indicates that one scrapped vehicle eliminates emissions equal to those produced by eleven new vehicles.

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