With a severe scarcity of parking areas in Hong Kong, and the sharp rise in oil costs lately, the price of automotive possession has change into very excessive. In case you now not plan to maintain your automotive, and are desirous to money out and depart Hong Kong, or your automotive is now not roadworthy and can’t be repaired, you’ll be able to elect to have it scrapped. That approach, no less than you will get again the scrap value of your automotive.

Nonetheless, the Hong Kong automotive scrapping trade is relatively shrouded in thriller, and most drivers know little or no and even have some misunderstandings about it. For instance, some fear that their automotive will likely be utilized by criminals for illegal functions, and the automotive proprietor will find yourself a sufferer. In at present’s article, Kwiksure will current a helpful abstract of the procedures and precautions to take when having your automotive recycled/scrapped in Hong Kong.

5 steps for having your automobile scrapped

Step 1: Resolve whether or not to have your automotive scrapped

When deciding whether or not to have your automotive scrapped, you’ll be able to take into account the next elements. Frequent causes for scrapping a automotive embrace:

• The restore value is simply too excessive or the time wanted is simply too lengthy (for instance, the restore value is 60% of the automotive’s value, or it takes a month to restore)
• The automotive mannequin has misplaced its attractiveness available in the market and is tough to resell
• You do not need to deal with a resale
• You’re in a rush to money out
• You anticipate your automotive could have frequent breakdowns sooner or later and thus would require frequent repairs

Step 2: Contact a registered automotive scrapping firm

Contact the automotive scrapping firms registered with the Environmental Safety Division. A few of them present on-line quotations. Automobile homeowners solely must enter the data of their automobile to get quotations. A lot of the required data could be discovered in your Automobile Registration Doc, and often embrace:

• Automobile’s mannequin and 12 months of manufacturing
• Transmission sort (guide or computerized)
• Engine displacement (expressed in cc)
• Automobile’s physique situation and the way effectively it drives
• The realm the automotive is parked in

A recycling citation will often be obtained inside 24 hours. In case you are happy with the worth, you’ll be able to agree with the automotive scrapping firm on an appropriate time and place for the automobile’s supply. In case your automobile can now not be pushed, it’s best to be certain that all haulage and transportation prices will likely be paid by the automotive scrapping firm. In any other case, you may be chargeable for arranging and paying to have your automotive towed to the positioning of the automotive scrapping firm.

Step 3: Clear your personal objects from the automotive

Bear in mind to take your personal objects from the automotive. Probably the most often forgotten objects embrace “AutoToll”, the “oil playing cards”, and the “parking card” within the solar visor.

Step 4: Carry all of the paperwork for the supply

On the supply day, please carry the next paperwork:

• The unique Automobile Registration Doc
• The unique and a replica of the automobile license
• The unique and a replica of the proprietor’s Hong Kong Identification Card (HKID Card)
• The automotive keys

The workers of the automotive recycling firm will examine the automotive on the spot to test the efficiency and situation of the automotive. If the whole lot is regular, the automotive recycling firm can pay the gathering value in money or by cheque, and supply a receipt and a Automobile Scrapping Certificates (generally known as the automotive scrapping paper) as proof of automotive scrapping, in order that the automotive proprietor can cancel the automobile registration on the Transport Division (TD). The scrapping certificates ought to specify the date and time of supply, and embrace the corporate stamp and enterprise registration variety of the automotive scrapping firm.

A heat reminder from Kwiksure: bear in mind to take the automobile license out of your automobile.

Step 5: Cancel the automobile registration on the Transport Division

Inside 15 days after your automobile is delivered to the automotive scrapping firm, you have to to submit or ship by mail the next paperwork to the TD to finish the cancellation of the automobile registration. In any other case, you may be held chargeable for all authorized liabilities associated to the automobile.

• The unique Automobile Registration Doc
• The unique automobile license (if nonetheless legitimate)
• The unique Automobile Scrapping Certificates
• Your identification doc (if one other individual performs this step in your behalf, that individual must current their HKID Card)
• A accomplished Kind TD184 (Discover of Cancellation of Automobile Registration)
• The unique Certificates of Allocation of Customized Registration Mark (if relevant)

Sources:

Transport Division

Environmental Safety Division

Checklist of government-registered automotive scrapping firms

The Environmental Safety Division’s checklist of registered automotive scrapping firms could be discovered right here.

Dangers of auto scrapping

In case you select an unscrupulous intermediary to have your automotive scrapped in your behalf, there’s a likelihood that the automotive might change arms many occasions through the course of, inflicting your private data to be leaked. As a matter of reality, that intermediary might not even be a legally certified automotive scrapping firm. They might simply purchase the automotive from you, then hand it over to criminals who then use it to commit crimes. You would then be arrested by the police because the registered proprietor of a automobile utilized in a criminal offense.

Some unscrupulous middlemen would maintain themselves out as offering a automotive scrapping service, when in reality, what they’re after is the Automobile Registration Doc, inflicting the proprietor to undergo losses. Subsequently, it’s essential to decide on a automobile scrapping firm that’s respected and registered with the federal government.

How can I maintain the automobile registration mark after scrapping my automotive?

In case you want to maintain the automobile registration mark to be used on one other automobile underneath your identify sooner or later, you might apply to retain the automobile registration mark on the similar time you cancel your automobile registration with the TD.

Candidates are required to finish the “Software to Switch or Retain a Automobile Registration Mark” (Kind TD129) and “Discover of Cancellation of Automobile Registration” (Kind TD184). The unique Automobile Registration Doc, the unique automobile license, the unique Automobile Scrapping Certificates, and the identification doc of the registered proprietor have to be submitted along with the appliance. The applying to switch or retain a automobile registration mark have to be processed on the Hong Kong Licensing Workplace or the Kowloon Licensing Workplace from Monday to Friday, and the payment is HKD $560. In contrast, the appliance for automobile registration cancellation is freed from cost.

The retained automobile registration mark will likely be reserved for 12 months. If the applicant fails to switch the registration mark to a different automobile earlier than the deadline, the Commissioner for Transport will cancel the present allocation of the automobile registration mark, and reallocate it to every other automobile.

Often requested questions and precautions for automotive scrapping

Q: If there’s an “unused” portion of the automobile license payment after a automotive is scrapped, will the TD refund it?

A: Sure. The calculation technique for the refund of the remaining automobile license payment is the annual license payment of the automobile, occasions 0.24%, occasions the variety of days remaining within the validity interval of the automobile license, and topic to the next three situations:

• A refund will likely be out there provided that no less than 60 days stay within the validity interval of the automobile license. The date on which the calculation is predicated is the date of “cancellation of auto registration” by the TD.
• In case you plan to make use of the automotive scrapping in a “one-for-one”, the date of cancellation of auto registration will likely be delayed by 1-3 months. In different phrases, in case your automobile license has a remaining validity interval of lower than three months on the time of scrapping, the TD usually is not going to refund the “unused” license payment.
• In case you cancel a automobile registration, the license payment refund test will likely be mailed by the Treasury to the registered handle of the automobile proprietor. The payee would be the registered automobile proprietor (in case your handle has modified, it’s best to notify the TD), and the method will take about 4 to six weeks. No extra utility is required for license payment refunds.